A share price of Melco Resorts & Entertainment Ltd ADR [MLCO] is currently trading at $6.85, down -1.44%. 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 MLCO shares have gain 2.85% over the last week, with a monthly amount drifted -16.16%, 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 July 18, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $7 from $10. Previously, BofA Securities upgraded its rating to Buy on May 29, 2024, and elevated its price target to $10.40. On May 06, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $9.60 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $10 on April 15, 2024. Susquehanna initiated its recommendation with a Positive and recommended $15 as its price target on December 15, 2023. Macquarie started tracking with a Outperform rating for this stock on July 18, 2023, and assigned it a price target of $16.30. In a note dated June 28, 2023, BofA Securities downgraded an Neutral rating on this stock.
Melco Resorts & Entertainment Ltd ADR experienced fluctuations in its stock price throughout the past year between $4.78 and $9.56. Currently, Wall Street analysts expect the stock to reach $10.06 within the next 12 months. Melco Resorts & Entertainment Ltd ADR [NASDAQ: MLCO] shares were valued at $6.85 at the most recent close of the market. An investor can expect a potential return of 46.86% based on the average MLCO price forecast.
Analyzing the MLCO fundamentals
Trailing Twelve Months sales for Melco Resorts & Entertainment Ltd ADR [NASDAQ:MLCO] were 4.38B which represents 22.33% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is 0.11 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.79.
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 6.81 points at the first support level, and at 6.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.90, and for the 2nd resistance point, it is at 6.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Melco Resorts & Entertainment Ltd ADR [NASDAQ:MLCO] is 1.29. Further, the Quick Ratio stands at 1.26, while the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 0.69.
