Wynn Resorts Limited (NASDAQ:WYNN) currently has a daily average trading volume of 5.58M but it saw 2334532 shares traded on Wednesday. With a market cap of 8.87B USD. Stock’s current market price of $84.80 came falling about -1.64 while comparing to the previous closing price of $86.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $153.41 and as low as $35.84. In the recent trading on the day, stock has struck highest price mark of $86.0325 while lowest mark touched by it was $84.2958.
Taking a look at 20-day trading activity of Wynn Resorts Limited (WYNN) gives us an average price of $80.55, while its current price level is -44.72% below from 52-week high level whereas it is 136.61% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $78.93 while that of 200 days or SMA-200 reads an average of $97.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.22% during that period while stretching the period over a month that increases to 4.52%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.49 which implies that the stock is in neutral territory.
Wynn Resorts Limited (WYNN)’s stock is currently under the radar of 17 analysts who are in consensus at a 12-month price target range of between $72.00 and $125.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $72.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $125.00. Average price target assigned by them is $97.53 which highlights an upside potential of 13.05% for the stock over that period. And to attain the median price target of $95.00 assigned by those analysts, stock has to add about 10.74% of value to its current levels.
Data by FactSet Research shows that 17 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 10 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Credit Suisse which resumed the stock as “Neutral” in its note to investors issued on May 21, 2020, recommending a price target of between $125 and $72 for it. Citigroup upgraded its recommendation for the stock as a “Buy” from “Neutral” on April 13, 2020 while assigning a price target of. Standpoint Research issued its recommendations for the stock as it upgraded the price target for the stock is.
Over the week, WYNN’s stock price is moving 4.36% up while it is 15.58% when we observe its performance for the past one month. Year-to-date it is -38.94% down and over the past year, the stock is showing a downside performance of -18.58%.
The company is expected to be releasing its next quarterly report in 11/04/2020, for which analysts forecasted an EPS of $Wyndham Destinations, Inc. while estimate for next year EPS is $Consumer Cyclical.
Currently, Wynn Resorts Limited’s total number of outstanding shares is 106.71M. Company’s return on investment (ROI) stands at 5.70% and return on equity (ROE) at -80.80%. Stock’s beta reads 2.35. Stock has a price to book (P/B) ratio of 14.60 while price to sale or P/S ratio amounts to 2.04. Its return on asset (ROA) is -7.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that T Rowe Price Growth Stock Fund came shrinking its share ownership by -25.07% in the Wynn Resorts Limited (WYNN) decreasing its stake to 3.27% with control over -1.18 million shares in the company. As per SEC documents, T Rowe Price Growth Stock Fund shunned 3,523,531 of company’s common stock of worth $255.21 million as per recent closing price of the stock. T Rowe Price Growth Stock Fund is not the only institutional holder which restructured its stake in Wynn Resorts Limited, as Washington Mutual Investors Fund dumped 3,500,003 shares of worth $253.51 million to bring its holdings to a total of -2.93 million shares. In the most recent quarter, Vanguard Total Stock Market Index came cutting its stake by -0.05% in the company and now holds 2.78 million or 2.57% of the company’s stake having worth of about 201.13 million.