The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Melco Resorts & Entertainment Ltd ADR’s current trading price is -41.08% away from its 52-week high, while its distance from the 52-week low is 15.69%. The stock’s price range for this period has been between $4.78 and $9.39 The company’s shares, which are part of the Consumer Cyclical sector, had a trading volume of approximately 10.09 million for the day, a number notably higher than the average daily volume of 3.08 million over the last three months.
Melco Resorts & Entertainment Ltd ADR experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $9.39 on 02/14/24, while the lowest price for the same period was registered at $4.78 on 08/05/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a quarterly decline of -28.27% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.32B 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 6.38, with a change in price of -0.11. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 3,316,965 in trading volume during the last 100 days, posting a change of -1.95%.
MLCO Stock Stochastic Average
Melco Resorts & Entertainment Ltd ADR’s raw stochastic average for the past 50 days is presently 6.83%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 9.42%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 8.79% and 6.82%, respectively.
MLCO Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -4.49% this year. Over the last six months, there has been a stronger performance of -16.84%. The price of MLCO leaped by -19.97% during the last 30 days period. For the last 5-days stocks have slided -1.43%.
