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NASDAQ:MLCO

Melco Resorts & Entertainment (MLCO) Stock Price, News & Analysis

$5.87
+0.04 (+0.69%)
(As of 07/26/2024 ET)
Today's Range
$5.74
$5.94
50-Day Range
$5.81
$8.85
52-Week Range
$5.67
$13.91
Volume
1.60 million shs
Average Volume
3.08 million shs
Market Capitalization
$2.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.02

Melco Resorts & Entertainment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
70.7% Upside
$10.02 Price Target
Short Interest
Bearish
2.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.92mentions of Melco Resorts & Entertainment in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
112.00%
From $0.25 to $0.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.22 out of 5 stars

Consumer Discretionary Sector

54th out of 279 stocks

Hotels & Motels Industry

12th out of 27 stocks

MLCO stock logo

About Melco Resorts & Entertainment Stock (NASDAQ:MLCO)

Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.

MLCO Stock Price History

MLCO Stock News Headlines

We’re in a code red crisis and 99% of Americans are clueless
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
We’re in a code red crisis and 99% of Americans are clueless
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
Is Melco Resorts Stock a Buy?
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
7/26/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:MLCO
Employees
20,209
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.02
High Stock Price Target
$14.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+73.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$-326,920,000.00
Pretax Margin
-7.07%

Debt

Sales & Book Value

Annual Sales
$3.78 billion
Cash Flow
$1.21 per share
Book Value
($1.89) per share

Miscellaneous

Free Float
190,988,000
Market Cap
$2.58 billion
Optionable
Optionable
Beta
1.04
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MLCO Stock Analysis - Frequently Asked Questions

How have MLCO shares performed this year?

Melco Resorts & Entertainment's stock was trading at $8.87 at the beginning of 2024. Since then, MLCO stock has decreased by 33.8% and is now trading at $5.87.
View the best growth stocks for 2024 here
.

How were Melco Resorts & Entertainment's earnings last quarter?

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its quarterly earnings results on Tuesday, April, 30th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business's revenue was up 55.2% on a year-over-year basis.

Who are Melco Resorts & Entertainment's major shareholders?

Top institutional shareholders of Melco Resorts & Entertainment include Coronation Fund Managers Ltd. (3.48%), Simplicity Wealth LLC (0.06%), SG Americas Securities LLC (0.03%) and Solstein Capital LLC.

How do I buy shares of Melco Resorts & Entertainment?

Shares of MLCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Melco Resorts & Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Melco Resorts & Entertainment investors own include Las Vegas Sands (LVS), Alibaba Group (BABA), MGM Resorts International (MGM), Micron Technology (MU), Wynn Resorts (WYNN), NVIDIA (NVDA) and JD.com (JD).

This page (NASDAQ:MLCO) was last updated on 7/26/2024 by MarketBeat.com Staff

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