Wynn Resorts Ltd. [WYNN] stock prices are up 1.26% to $107.46 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WYNN shares have gain 5.12% over the last week, with a monthly amount glided 8.39%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 8, March 2024, Wynn Resorts Announces Final Results of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025. In a post published today on Yahoo Finance, Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”) today announced the final results of the previously announced tender offer (the “Tender Offer”) by its indirect wholly-owned subsidiary, Wynn Las Vegas, LLC, to purchase a portion of Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.’s outstanding 5.500% Senior Notes due 2025 (the “Notes”). The Tender Offer is subject to the terms and conditions set forth in the Offer to Purchase dated February 8, 2024 (the “Offer to Purchase”).
From an analyst’s perspective:
Wynn Resorts Ltd. [NASDAQ: WYNN] stock has seen the most recent analyst activity on April 04, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $131. Previously, Macquarie upgraded its rating to Outperform on January 17, 2024. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $105 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $111 on October 23, 2023. Wells Fargo reiterated its recommendation of a Overweight and raised its price target to $138 on July 13, 2023. Jefferies downgraded its rating to Hold for this stock on June 08, 2023, and downed its price target to $114. In a note dated May 17, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $120 to $135.
The stock price of Wynn Resorts Ltd. [WYNN] has been fluctuating between $81.65 and $117.86 over the past year. Currently, Wall Street analysts expect the stock to reach $107.95 within the next 12 months. Wynn Resorts Ltd. [NASDAQ: WYNN] shares were valued at $107.46 at the most recent close of the market. An investor can expect a potential return of 0.46% based on the average WYNN price forecast.
Analyzing the WYNN fundamentals
The Wynn Resorts Ltd. [NASDAQ:WYNN] reported sales of 6.53B for trailing twelve months, representing a surge of 83.14%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -1.21 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-46.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 106.07 points at the first support level, and at 104.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.42, and for the 2nd resistance point, it is at 109.39.
Wynn Resorts Ltd. [WYNN] reported earnings per share of $1.91 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.15/share, meaning a difference of $0.76 and a surprise factor of 66.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.99 per share as compared to estimates of $0.75 per share, a difference of $0.24 representing a surprise of 32.00%.
Ratios To Look Out For
It’s worth pointing out that Wynn Resorts Ltd. [NASDAQ:WYNN]’s Current Ratio is 1.93. Also, the Quick Ratio is 1.89, while the Cash Ratio stands at 1.31. Considering the valuation of this stock, the price to sales ratio is 1.84 and price to earnings (TTM) ratio is 17.50.
Transactions by insiders
Recent insider trading involved CAMERON-DOE JULIE, CFO, that happened on Feb 09 ’24 when 6383.0 shares were sold. Director, Mulroy Patricia completed a deal on Feb 09 ’24 to sell 960.0 shares. Meanwhile, CEO Billings Craig Scott sold 19235.0 shares on Feb 08 ’24.
