Wynn Resorts Ltd. [WYNN] stock is trading at $77.36, up 1.76%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WYNN shares have gain 4.48% over the last week, with a monthly amount drifted -7.10%, 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.
Wynn Resorts Ltd. [WYNN] stock has fluctuated 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 $77.36 at the most recent close of the market. An investor can expect a potential return of 42.64% based on the average WYNN price forecast.
Analyzing the WYNN fundamentals
Wynn Resorts Ltd. [NASDAQ:WYNN] reported sales of 7.11B for the trailing twelve months, which represents a growth 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 76.58 points at the first support level, and at 75.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.99, and for the 2nd resistance point, it is at 78.62.
Ratios To Look Out For
For context, Wynn Resorts Ltd.’s Current Ratio is 1.30. Further, the Quick Ratio stands at 1.27, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 1.21 and price to earnings (TTM) ratio is 10.27.
Transactions by insiders
Recent insider trading involved Myers Margaret Jane, Director, that happened on May 13 ’24 when 2000.0 shares were sold. Director, ATKINS BETSY S completed a deal on May 28 ’24 to sell 2446.0 shares. Meanwhile, Director Mulroy Patricia sold 960.0 shares on Feb 09 ’24.
