While Wynn Resorts Ltd. has overperformed by 0.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WYNN rose by 7.09%, with highs and lows ranging from $110.38 to $71.63, whereas the simple moving average jumped by 5.82% in the last 200 days.
On September 27, 2024, Morgan Stanley Upgraded Wynn Resorts Ltd. (NASDAQ: WYNN) to Overweight. A report published by Seaport Research Partners on May 31, 2024, Upgraded its rating to ‘Buy’ for WYNN. Argus also Upgraded WYNN shares as ‘Buy’, setting a target price of $110 on the company’s shares in a report dated May 23, 2024. Mizuho initiated its ‘Buy’ rating for WYNN, as published in its report on April 04, 2024. Susquehanna also rated the stock as ‘Positive’.
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Analysis of Wynn Resorts Ltd. (WYNN)
The current dividend for WYNN investors is set at $1.00 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 8.59%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Wynn Resorts Ltd.’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and WYNN is recording an average volume of 2.86M. On a monthly basis, the volatility of the stock is set at 2.88%, whereas on a weekly basis, it is put at 1.89%, with a loss of -0.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $117.69, showing growth from the present price of $97.90, 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?
Wynn Resorts Ltd. (WYNN) is based in the USA and is one of the most prominent companies operating in the Resorts & Casinos market. 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 12.99, there is a growth in quarterly earnings of 9.15%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 15.47%. 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 61.72% 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 61.72% at present.
