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Melco Resorts & Entertainment Limited (MLCO)

10.4   0.34 (3.38%) 12-07 16:00
Open: 9.65 Pre. Close: 10.06
High: 10.4 Low: 9.45
Volume: 11,657,582 Market Cap: 4,629(M)

Technical analysis

as of: 2022-12-07 4:24:02 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 12.14     One year: 14.18
Support: Support1: 7.35    Support2: 5.48
Resistance: Resistance1: 10.39    Resistance2: 12.14
Pivot: 8.05
Moving Average: MA(5): 9.54     MA(20): 7.78
MA(100): 6.21     MA(250): 7.09
MACD: MACD(12,26): 0.8     Signal(9): 0.5
Stochastic oscillator: %K(14,3): 98.6     %D(3): 97.5
RSI: RSI(14): 78.8
52-week: High: 11.81  Low: 4.05
Average Vol(K): 3-Month: 6,326 (K)  10-Days: 7,390 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ MLCO ] has closed below upper band by 1.8%. Bollinger Bands are 148.4% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 3 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 10.41 - 10.44 10.44 - 10.47
Low: 9.36 - 9.4 9.4 - 9.44
Close: 10.33 - 10.39 10.39 - 10.45

Company Description

Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has approximately 511 gaming tables and 572 gaming machines; approximately 770 rooms, and suites and villas; approximately 25 restaurants and bars, and 165 retail outlets; and health and fitness clubs, three swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 101 gaming tables and 121 gaming machines; 230 hotel rooms; various dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising a spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets that comprises 290 gaming tables and 645 gaming machines in Cotai, Macau. Further, the company owns and operates seven Mocha Clubs with 813 gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; a casino in Limassol and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is headquartered in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.

Headline News

Wed, 07 Dec 2022
Thinking about buying stock in Carvana, BioVie, Airbnb, RLX Technology, or Melco Resorts & Entertainment? - FOX19

Mon, 05 Dec 2022
These China Stocks Continue Rebound On Easing Covid Restrictions - Investor's Business Daily

Mon, 05 Dec 2022
Is Melco Resorts & Entertainment Ltd (MLCO) a Winner in the Consumer Cyclical Sector? - InvestorsObserver

Tue, 29 Nov 2022
13 Biggest Gambling Companies By Revenue - Yahoo Finance

Tue, 29 Nov 2022
Oil Stocks Bounce As China Covid Concerns Ease| Investor's Business Daily - Investor's Business Daily

Mon, 28 Nov 2022
MLCO Soars But Casino Stocks Mixed As Macau Overhang Eases| Investor's Business Daily - Investor's Business Daily

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Underperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Consumer Cyclical
Industry:  Resorts & Casinos
Shares Out. 445 (M)
Shares Float 170 (M)
% Held by Insiders 0 (%)
% Held by Institutions 43.3 (%)
Shares Short 12,860 (K)
Shares Short P.Month 8,530 (K)

Stock Financials

EPS -1.61
EPS Est Next Qtl 0.21
EPS Est This Year 0.82
EPS Est Next Year 0.93
Book Value (p.s.) -1.5
Profit Margin (%) -56.2
Operating Margin (%) -41.7
Return on Assets (ttm) -4.5
Return on Equity (ttm) -211.1
Qtrly Rev. Growth -45.8
Gross Profit (p.s.) 1.15
Sales Per Share 3.34
EBITDA (p.s.) -0.16
Qtrly Earnings Growth 0
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio -6.5
PEG Ratio -0.6
Price to Book value -6.94
Price to Sales 3.1
Price to Cash Flow 0

Stock Dividends

Dividend 0.17
Forward Dividend 0
Dividend Yield 1.6%
Dividend Pay Date 2020-03-11
Ex-Dividend Date 2020-02-27
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