Melco Resorts & Entertainment Ltd ADR experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $9.56 on 01/02/24, while the lowest price for the same period was registered at $4.78 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 -30.44% away from its 52-week high, while its distance from the 52-week low is 39.12%. 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 2.15 million for the day, which was evidently lower than the average daily volume of 3.77 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 17.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.93B 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 6.45, with a change in price of -1.20. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 3,287,329 in trading volume during the last 100 days, posting a change of -15.42%.
MLCO Stock Stochastic Average
Melco Resorts & Entertainment Ltd ADR’s raw stochastic average for the past 50 days is presently 40.21%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 9.64%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 9.75% and 8.27%, respectively.
MLCO Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant loss of -25.03% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -15.18%. Over the past 30 days, the price of MLCO has leaped by -16.98%. And in the last five days, it has fallen by -2.92%.
