While Melco Resorts & Entertainment Ltd ADR has overperformed by 4.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MLCO fell by -37.99%, with highs and lows ranging from $9.39 to $4.78, whereas the simple moving average fell by -16.12% in the last 200 days.
On February 10, 2025, Citigroup Downgraded Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) to Neutral. A report published by Morgan Stanley on December 17, 2024, Downgraded its rating to ‘Equal-Weight’ for MLCO. JP Morgan also Downgraded MLCO shares as ‘Neutral’, setting a target price of $7 on the company’s shares in a report dated July 18, 2024. BofA Securities May 29, 2024d the rating to Buy on May 29, 2024, and set its price target from $7.50 to $10.40. Morgan Stanley May 06, 2024d its ‘Equal-Weight’ rating to ‘Overweight’ for MLCO, as published in its report on May 06, 2024. Seaport Research Partners’s report from April 15, 2024 suggests a price prediction of $10 for MLCO shares, giving the stock a ‘Buy’ rating. Susquehanna also rated the stock as ‘Positive’.
Analysis of Melco Resorts & Entertainment Ltd ADR (MLCO)
Further, the quarter-over-quarter increase in sales is 15.52%, showing a positive trend in the upcoming months.
One of the most important indicators of Melco Resorts & Entertainment Ltd ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 1.16, 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.
For any stock, average volume can also provide valuable insight into volatility, and MLCO is recording 3.75M average volume. On a monthly basis, the volatility of the stock is set at 4.31%, whereas on a weekly basis, it is put at 4.08%, with a gain of 3.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.90, showing growth from the present price of $5.50, which can serve as yet another indication of whether MLCO is worth investing in or should be passed over.
How Do You Analyze Melco Resorts & Entertainment Ltd ADR Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 0.03%. 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 37.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MLCO shares are owned by institutional investors to the tune of 37.20% at present.
