At the time of writing, Melco Resorts & Entertainment Ltd ADR [MLCO] stock is trading at $6.58, up 3.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The MLCO shares have gain 6.65% over the last week, with a monthly amount drifted -8.74%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Melco Resorts & Entertainment Ltd ADR [NASDAQ: MLCO] stock has seen the most recent analyst activity on April 15, 2024, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $10. Previously, Susquehanna started tracking the stock with Positive rating on December 15, 2023, and set its price target to $15. On July 18, 2023, Macquarie initiated with a Outperform rating and assigned a price target of $16.30 on the stock. BofA Securities downgraded its rating to a Neutral. Credit Suisse upgraded its rating to a Outperform and raised its price target to $18.20 on June 20, 2023. JP Morgan upgraded its rating to Overweight for this stock on November 28, 2022, and upped its price target to $10. In a note dated October 18, 2022, Credit Suisse downgraded an Neutral rating on this stock.
For the past year, the stock price of Melco Resorts & Entertainment Ltd ADR fluctuated between $6.10 and $14.00. Currently, Wall Street analysts expect the stock to reach $10.5 within the next 12 months. Melco Resorts & Entertainment Ltd ADR [NASDAQ: MLCO] shares were valued at $6.58 at the most recent close of the market. An investor can expect a potential return of 59.57% based on the average MLCO price forecast.
Analyzing the MLCO fundamentals
According to Melco Resorts & Entertainment Ltd ADR [NASDAQ:MLCO], the company’s sales were 3.78B for trailing twelve months, which represents an 224.43% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.26 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.85.
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 6.49 points at the first support level, and at 6.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.69, and for the 2nd resistance point, it is at 6.80.
Ratios To Look Out For
It is important to note that Melco Resorts & Entertainment Ltd ADR [NASDAQ:MLCO] has a current ratio of 1.40. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 1.19. Considering the valuation of this stock, the price to sales ratio is 0.76.
