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How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NASDAQ:MLCO

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

$7.11
-0.09 (-1.25%)
(As of 03/18/2024 ET)
Today's Range
$7.10
$7.30
50-Day Range
$7.12
$9.20
52-Week Range
$6.61
$14.45
Volume
1.86 million shs
Average Volume
3.25 million shs
Market Capitalization
$3.16 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.78

Melco Resorts & Entertainment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
107.8% Upside
$14.78 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of Melco Resorts & Entertainment in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
80.00%
From $0.30 to $0.54 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.

3.05 out of 5 stars

Consumer Discretionary Sector

149th out of 277 stocks

Hotels & Motels Industry

18th out of 28 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

How to Invest in Casino Stocks: Pros and Cons and More (MLCO)
Ready to invest in the heady world of casino stocks? Learn how to invest in casino stocks and “Sin City” with MarketBeat.
MLCO Mar 2024 6.500 call
They said crypto was dead. It went up 100X.
Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.
MLCO Mar 2024 9.000 call
MLCO Mar 2024 7.500 call
MLCO Oct 2024 4.000 put
Melco Resorts: A High Valuation And Debt Overhang
8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)
THIS cryptocurrency has gained 40% in 6 months. A crypto millionaire who has researched the space for a decade says it will go up 8,788% in 5 years. The name of this cryptocurrency is revealed right here:
Melco Announces Unaudited Fourth Quarter 2023 Earnings
MLCO Mar 2024 8.000 put
MLCO Mar 2024 10.500 call
MLCO Mar 2024 7.000 put
MLCO Mar 2024 6.000 call
MLCO Mar 2024 8.500 put
MLCO Mar 2024 8.000 call
Melco Announces Earnings Release Date
MLCO Apr 2024 11.000 call
MLCO Feb 2024 7.000 call
MLCO Feb 2024 8.500 put
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
3/18/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:MLCO
Employees
16,908
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.78
High Stock Price Target
$18.20
Low Stock Price Target
$9.60
Potential Upside/Downside
+106.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-277,580,000.00
Pretax Margin
-10.65%

Debt

Sales & Book Value

Annual Sales
$3.78 billion
Cash Flow
$1.14 per share
Book Value
($1.78) per share

Miscellaneous

Free Float
190,988,000
Market Cap
$3.18 billion
Optionable
Optionable
Beta
1.12
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MLCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Melco Resorts & Entertainment stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MLCO shares.
View MLCO analyst ratings
or view top-rated stocks.

What is Melco Resorts & Entertainment's stock price target for 2024?

5 brokers have issued 12-month price objectives for Melco Resorts & Entertainment's shares. Their MLCO share price targets range from $9.60 to $18.20. On average, they expect the company's stock price to reach $14.78 in the next year. This suggests a possible upside of 107.8% from the stock's current price.
View analysts price targets for MLCO
or view top-rated stocks among Wall Street analysts.

How have MLCO shares performed in 2024?

Melco Resorts & Entertainment's stock was trading at $8.87 at the beginning of the year. Since then, MLCO shares have decreased by 19.8% and is now trading at $7.11.
View the best growth stocks for 2024 here
.

When is Melco Resorts & Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MLCO earnings forecast
.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its quarterly earnings results on Thursday, February, 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The firm earned $1.09 billion during the quarter, compared to analysts' expectations of $1.14 billion. The firm's revenue for the quarter was up 224.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.51) EPS.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), JD.com (JD), Tesla (TSLA), Twitter (TWTR) and Intel (INTC).

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a variety of institutional and retail investors. Top institutional investors include ARGA Investment Management LP (6.21%), Capital World Investors (2.93%), Hardman Johnston Global Advisors LLC (2.68%), Goldman Sachs Group Inc. (1.28%), Goldman Sachs Group Inc. (1.28%) and Nuveen Asset Management LLC (1.26%).

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.

This page (NASDAQ:MLCO) was last updated on 3/18/2024 by MarketBeat.com Staff

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