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. Until today this year the stock’s price performance recorded a decrease of -5.18%. However, over the last six months, the performance has been weaker by 2.23%. The price of MLCO decreased -0.54% over the last 30 days. And in the last five days, it has fallen by -2.83%.
Melco Resorts & Entertainment Ltd ADR’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $8.90 on 10/07/24, with the lowest value being $4.78 on 08/05/24.
52-week price history of MLCO Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Melco Resorts & Entertainment Ltd ADR’s current trading price is -38.31% away from its 52-week high, while its distance from the 52-week low is 14.85%. The stock’s price range for this period has been between $4.78 and $8.90. The Consumer Cyclical sector company’s shares saw a trading volume of about 6.86 million for the day, which was higher than the average daily volume of 3.82 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a quarterly decline of -15.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.30B and boasts a workforce of 20209 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.12, with a change in price of -2.22. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 3,650,094 in trading volume during the last 100 days, posting a change of -28.79%.
MLCO Stock Stochastic Average
As of today, the raw stochastic average of Melco Resorts & Entertainment Ltd ADR over the past 50 days is 28.33%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 28.33%. Additionally, the Stochastic %K and %D values for the company were 30.56% and 40.19%, respectively, over the past 20 days.
