Studio City International Stock Forecast, Price & News

Studio City International's stock was trading at $18.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MSC shares have decreased by 9.2% and is now trading at $16.34.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Studio City International in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Studio City International is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Studio City International.

Studio City International Holdings Ltd (NYSE:MSC) issued its quarterly earnings data on Thursday, May, 14th. The company reported ($1.12) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.38) by $0.26. The company earned $37.07 million during the quarter. Studio City International had a negative net margin of 8.11% and a negative return on equity of 13.97%.
View Studio City International's earnings history.

2 Wall Street analysts have issued 12 month target prices for Studio City International's stock. Their forecasts range from $16.10 to $16.10. On average, they anticipate Studio City International's share price to reach $16.10 in the next year. This suggests that the stock has a possible downside of 1.5%.
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Studio City International saw a drop in short interest in July. As of July 31st, there was short interest totaling 300 shares, a drop of 40.0% from the July 15th total of 500 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 0.2 days.
View Studio City International's Short Interest.

Some companies that are related to Studio City International include Wyndham Hotels & Resorts (WH), Boyd Gaming (BYD), Wyndham Destinations (WYND), Park Hotels & Resorts (PK), Extended Stay America (STAY), Red Rock Resorts (RRR), Sunstone Hotel Investors (SHO), GreenTree Hospitality Group (GHG), Xenia Hotels & Resorts (XHR), Monarch Casino & Resort (MCRI), Twin River Worldwide (TRWH), Playa Hotels & Resorts (PLYA), Century Casinos (CNTY), Red Lion Hotels (RLH) and Full House Resorts (FLL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Studio City International investors own include Pfizer (PFE), ONEOK (OKE), Devon Energy (DVN), Intel (INTC), Momo (MOMO), Suncor Energy (SU), Valero Energy (VLO), Corbus Pharmaceuticals (CRBP), Gilead Sciences (GILD) and GlaxoSmithKline (GSK).

(MSC) raised $331 million in an initial public offering (IPO) on Thursday, October 18th 2018. The company issued 28,800,000 shares at $10.50-$12.50 per share. Deutsche Bank Securities, Credit Suisse and Morgan Stanley acted as the underwriters for the IPO.

Studio City International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSC."

Shares of MSC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MSC stock can currently be purchased for approximately $16.34.

Studio City International has a market capitalization of $1.28 billion and generates $626.73 million in revenue each year. The company earns $43.63 million in net income (profit) each year or $0.75 on an earnings per share basis. Studio City International employs 4,485 workers across the globe.

The official website for Studio City International is www.studiocity-macau.com.

Studio City International's mailing address is 36TH FLOOR THE CENTRIUM 60 WYNDHAM STREET, HONG KONG K3, 999077. The company can be reached via phone at 852-2598-3600.