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Melco Resorts & Entertainment Ltd ADR (MLCO) Stock: Navigating a Year of Stock Volatility

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Melco Resorts & Entertainment Ltd ADR’s current trading price is -52.26% away from its 52-week high, while its distance from the 52-week low is 8.82%. The stock’s price range over this period has fluctuated between $6.10 and $13.91. The company, operating within the financial sector, had a trading volume of approximately 3.2 million for the day, which was noticeably lower than the average daily share volume of 3.23 million over the last 3 months.

Melco Resorts & Entertainment Ltd ADR experienced a rather shaky stock market performance. The highest value in the past year was recorded at $13.91 on 07/31/23 and the lowest value was $6.10 on 04/19/24.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a quarterly decline of -6.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.90B and boasts a workforce of 20209 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.57, with a change in price of -2.56. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 3,206,856 in trading volume during the last 100 days, posting a change of -27.83%.

MLCO Stock Stochastic Average

Today, Melco Resorts & Entertainment Ltd ADR’s raw stochastic average for the past 50 days stands at 16.91%, indicating a rise from the raw stochastic average of the last 20 days, which was 1.83%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 13.04% and 16.44% respectively.

MLCO Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -25.14% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -27.19%. Over the past 30 days, the price of MLCO has leaped by -18.02%. And in the last five days, it has fallen by -10.99%.