Melco Resorts Entertainment Stock Price on August 28, 2024
| MLCO Stock | USD 5.95 0.11 1.82% |
Below is the normalized historical share price chart for Melco Resorts Entertainment extending back to December 19, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Melco Resorts stands at 5.95, as last reported on the 25th of November, with the highest price reaching 6.11 and the lowest price hitting 5.93 during the day.
If you're considering investing in Melco Stock, it is important to understand the factors that can impact its price. Melco Resorts appears to be somewhat reliable, given 3 months investment horizon. Melco Resorts Entert has Sharpe Ratio of 0.0593, which conveys that the firm had a 0.0593% return per unit of risk over the last 3 months. We have found thirty technical indicators for Melco Resorts, which you can use to evaluate the volatility of the firm. Please exercise Melco Resorts' Mean Deviation of 2.3, downside deviation of 2.73, and Risk Adjusted Performance of 0.0414 to check out if our risk estimates are consistent with your expectations.
At this time, Melco Resorts' Common Stock Shares Outstanding is very stable compared to the past year. As of the 25th of November 2024, Common Stock is likely to grow to about 15.4 M, though Total Stockholder Equity is likely to grow to (1.2 B). . As of the 25th of November 2024, Price To Free Cash Flows Ratio is likely to grow to 11.37, while Price To Sales Ratio is likely to drop 0.98. Melco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 19th of December 2006 | 200 Day MA 6.9572 | 50 Day MA 6.8778 | Beta 1.072 |
Melco |
Sharpe Ratio = 0.0593
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Estimated Market Risk
| 3.48 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Melco Resorts is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Melco Resorts by adding it to a well-diversified portfolio.
Price Book 105.5218 | Enterprise Value Ebitda 10.2408 | Price Sales 0.55 | Shares Float 517.5 M | Wall Street Target Price 9.4929 |
Melco Resorts Valuation on August 28, 2024
It is possible to determine the worth of Melco Resorts on a given historical date. On August 28, 2024 Melco was worth 5.34 at the beginning of the trading date compared to the closed value of 5.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Melco Resorts stock. Still, in general, we apply an absolute valuation method to find Melco Resorts' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Melco Resorts where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Melco Resorts' related companies.
| Open | High | Low | Close | Volume | |
| 5.49 | 5.49 | 5.34 | 5.41 | 1,825,644 | |
08/28/2024 | 5.34 | 5.34 | 5.05 | 5.08 | 2,861,237 |
| 5.09 | 5.24 | 5.07 | 5.09 | 1,807,999 |
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Melco Resorts Trading Date Momentum on August 28, 2024
| On August 29 2024 Melco Resorts Entertainment was traded for 5.09 at the closing time. The top price for the day was 5.24 and the lowest listed price was 5.07 . The trading volume for the day was 1.8 M. The trading history from August 29, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 0.20% . The trading delta at closing time against the current closing price is 4.72% . |
Melco Resorts Entert Fundamentals Correlations and Trends
By evaluating Melco Resorts' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Melco Resorts' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Melco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Melco Resorts Stock history
Melco Resorts investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Melco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Melco Resorts Entert will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Melco Resorts stock prices may prove useful in developing a viable investing in Melco Resorts
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 438.2 M | 523.3 M | |
| Net Loss | -837.5 M | -795.6 M |
Melco Resorts Quarterly Net Working Capital |
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Melco Resorts Stock Technical Analysis
Melco Resorts technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Melco Resorts Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Melco Resorts Entertainment cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Melco Resorts November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Melco Resorts stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Melco Resorts shares will generate the highest return on investment. By undertsting and applying Melco Resorts stock market strength indicators, traders can identify Melco Resorts Entertainment entry and exit signals to maximize returns
Melco Resorts Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Melco Resorts' price direction in advance. Along with the technical and fundamental analysis of Melco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Melco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0414 | |||
| Jensen Alpha | 0.0367 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0075 | |||
| Treynor Ratio | 0.1633 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melco Resorts Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Melco Resorts. If investors know Melco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Melco Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 7.797 | Earnings Share (0.32) | Revenue Per Share 10.403 | Quarterly Revenue Growth 0.155 | Return On Assets 0.0375 |
The market value of Melco Resorts Entert is measured differently than its book value, which is the value of Melco that is recorded on the company's balance sheet. Investors also form their own opinion of Melco Resorts' value that differs from its market value or its book value, called intrinsic value, which is Melco Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Melco Resorts' market value can be influenced by many factors that don't directly affect Melco Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Melco Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Melco Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Melco Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.