Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -28.54% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -7.33%. Over the past 30 days, the price of MLCO has fallen by 15.04%. And in the last five days, it has surged by 11.40%.
Melco Resorts & Entertainment Ltd ADR experienced a rather shaky stock market performance. The highest value in the past year was recorded at $10.10 on 09/29/23 and the lowest value was $4.78 on 08/05/24.
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52-week price history of MLCO Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Melco Resorts & Entertainment Ltd ADR’s current trading price is -37.24% away from its 52-week high, while its distance from the 52-week low is 32.61%. The stock’s price range during this period has varied between$4.78 and $10.10. The Melco Resorts & Entertainment Ltd ADR’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 3.12 million for the day, a figure considerably lower than their average daily volume of 3.37 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a quarterly decline of -19.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.79B and boasts a workforce of 20209 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.68, with a change in price of -0.22. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 3,372,777 in trading volume during the last 100 days, posting a change of -3.26%.
MLCO Stock Stochastic Average
As of today, Melco Resorts & Entertainment Ltd ADR’s raw stochastic average for the last 50 days stands at 83.51%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 84.95%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 90.95% and 90.56%, respectively.
