Analyzing Stock On Your Own: Wynn Resorts Ltd. (NASDAQ: WYNN)

Wynn Resorts Ltd. (NASDAQ:WYNN) does about 1.70M shares in volume on a normal day but saw 2229478 shares change hands in Monday trading. The company now has a market cap of 9.55B USD. Its current market price is $85.25, marking a decrease of -1.82% compared to the previous close of $86.83. The 52 week high reached by this stock is $112.25 whilst the lowest price level in 52 weeks is $81.65.

Wynn Resorts Ltd. (WYNN) has a 20-day trading average at $89.15 and the current price is -24.05% off the 52-week high compared with 4.41% distance from its 52-week low. The 50-day simple moving average of the closing price is $92.93 and its 200-day simple moving average is $94.27. If we look at the stock’s price movements over the week, volatility stands at 2.51%, which decreases to 1.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 29.42 to suggest the stock is oversold.

The consensus objective for the share price is $125.66, suggesting that the stock has a potential upside of 32.16% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 31, 2024 when Seaport Research Partners upgraded the stock to “Buy” and issued a price target of $116. Argus also upgraded the stock to “Buy” from Hold on May 23, 2024 at a price target of $110.

Wynn Resorts Ltd. (WYNN) stock is down -4.75% over the week and -8.69% over the past month. Its price is -6.43% year-to-date and -14.35% over the past year.

To reach the target analysts have set, the stock logically needs to grow 32.16 percent from here.

The company has a return on investment of 7.55%. The price to earnings ratio (P/E ratio) amounts to 11.43 while the forward price to earnings ratio is 14.13. The beta has a value of 1.82. Price to sales ratio is 1.37.