Wynn Resorts Ltd. [WYNN] stock prices are up 2.40% to $76.65 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WYNN shares have lost -2.62% over the last week, with a monthly amount drifted -8.65%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wynn Resorts Ltd. [NASDAQ: WYNN] stock has seen the most recent analyst activity on May 31, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $116 for it. Previously, Argus upgraded its rating to Buy on May 23, 2024, and kept the price target unchanged to $110. On April 15, 2024, Seaport Research Partners initiated with a Neutral rating. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $131 on April 04, 2024. Macquarie upgraded its rating to a Outperform. Susquehanna started tracking with a Positive rating for this stock on December 15, 2023, and assigned it a price target of $105. In a note dated October 23, 2023, HSBC Securities initiated an Buy rating and provided a target price of $111 on this stock.
The stock price of Wynn Resorts Ltd. [WYNN] has been fluctuating between $71.63 and $110.38 over the past year. Currently, Wall Street analysts expect the stock to reach $110.35 within the next 12 months. Wynn Resorts Ltd. [NASDAQ: WYNN] shares were valued at $76.65 at the most recent close of the market. An investor can expect a potential return of 43.97% based on the average WYNN price forecast.
Analyzing the WYNN fundamentals
The Wynn Resorts Ltd. [NASDAQ:WYNN] reported sales of 7.11B for trailing twelve months, representing a surge of 8.59%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is -2.63 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -100.44.
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 75.69 points at the first support level, and at 74.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.41, and for the 2nd resistance point, it is at 78.18.
Ratios To Look Out For
It’s worth pointing out that Wynn Resorts Ltd. [NASDAQ:WYNN]’s Current Ratio is 1.30. As well, the Quick Ratio is 1.27, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 1.20 and price to earnings (TTM) ratio is 10.17.
Transactions by insiders
Recent insider trading involved ATKINS BETSY S, Director, that happened on May 28 ’24 when 2446.0 shares were sold. CFO, CAMERON-DOE JULIE completed a deal on Feb 09 ’24 to sell 6383.0 shares. Meanwhile, Director Mulroy Patricia sold 960.0 shares on Feb 09 ’24.
