Melco Resorts & Entertainment Ltd ADR’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $9.56 on 01/02/24 and a low of $4.78 for the same time frame on 08/05/24.
52-week price history of MLCO Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Melco Resorts & Entertainment Ltd ADR’s current trading price is -21.60% away from its 52-week high, while its distance from the 52-week low is 56.80%. The stock’s price range during the 52-week period has remained between $4.78 and $9.56. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 1.5 million for the day, which was evidently lower than the average daily volume of 3.99 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a quarterly rise of 15.49% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.30B and boasts a workforce of 20209 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.64, with a change in price of -1.08. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 3,336,277 in trading volume during the last 100 days, posting a change of -12.57%.
MLCO Stock Stochastic Average
Melco Resorts & Entertainment Ltd ADR’s raw stochastic average for the past 50 days is presently 64.81%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 57.94%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 64.09% and 67.34%, respectively.
MLCO Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price loss of -15.50% this year. Over the last six months, there has been a weaker performance of 8.78%. The price of MLCO fallen by 33.60% during the last 30 days period. For the last 5-days stocks have slided -6.43%.
