While Wynn Resorts Ltd. has overperformed by 0.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WYNN fell by -22.97%, with highs and lows ranging from $110.38 to $71.63, whereas the simple moving average fell by -18.05% in the last 200 days.
On May 31, 2024, Seaport Research Partners Upgraded Wynn Resorts Ltd. (NASDAQ: WYNN) to Buy. A report published by Argus on May 23, 2024, Upgraded its rating to ‘Buy’ for WYNN. Mizuho Initiated an Buy rating on April 04, 2024, and assigned a price target of $131. Macquarie January 17, 2024d its ‘Neutral’ rating to ‘Outperform’ for WYNN, as published in its report on January 17, 2024. Susquehanna’s report from December 15, 2023 suggests a price prediction of $105 for WYNN shares, giving the stock a ‘Positive’ rating. HSBC Securities also rated the stock as ‘Buy’.
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Analysis of Wynn Resorts Ltd. (WYNN)
A return on investment can be expected regardless of WYNN’s performance over the next quarter with the dividend set at $1.00 per share. Further, the quarter-over-quarter increase in sales is 8.59%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Wynn Resorts Ltd.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 1.27, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and WYNN is recording an average volume of 2.17M. On a monthly basis, the volatility of the stock is set at 2.64%, whereas on a weekly basis, it is put at 1.80%, with a loss of -2.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $113.81, showing growth from the present price of $75.54, which can serve as yet another indication of whether WYNN is worth investing in or should be passed over.
How Do You Analyze Wynn Resorts Ltd. Shares?
A leading company in the Resorts & Casinos sector, Wynn Resorts Ltd. (WYNN) is based in the USA. When comparing Wynn Resorts Ltd. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.03, there is a growth in quarterly earnings of 9.15%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 15.33%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.84% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WYNN shares are owned by institutional investors to the tune of 61.84% at present.
