Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) currently has a daily average trading volume of 3.95M but it saw 1670256 shares traded in last market. With a market cap of 2.93B USD, the company’s current market price of $6.66 came falling about -3.48 while comparing to the previous closing price of $6.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.56 and as low as $4.78. In the recent trading on the day, stock has struck highest price mark of $6.66 while lowest mark touched by it was $6.936.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which downgraded the stock as “Neutral” in its note to investors issued on July 18, 2024, recommending a price target of between $10 and $7 for it. BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on May 29, 2024 while assigning a price target range of $7.50-$10.40. Morgan Stanley issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $8.30 and $9.60.
Over the week, MLCO’s stock price is moving -11.20% down while it is 1.83% when we observe its performance for the past one month. Year-to-date it is -24.92% down and over the past year, the stock is showing a downside performance of -19.37%.
Currently, Melco Resorts & Entertainment Ltd ADR’s total number of outstanding shares is 440.42M. Company’s return on investment (ROI) stands at -2.20%. It has a 13.99 of forward P/E ratio. Stock’s beta reads 1.05. Stock has a price to sale or P/S ratio amounts to 0.67. Its return on asset (ROA) is -1.61% on average.
