Here is the latest forecast and market data for Melco Resorts & Entertainment Ltd($MLCO)

Market Data

In this article we will be analyzing Melco Resorts & Entertainment Ltd. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $14.49 and has moved $0.140000000000001 from yesterday’s closing price of $14.77. The high for today is $14.965 and the low is $14.8. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Melco Resorts & Entertainment Ltd is $23.648 and the low is $14.5. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 107743. Now that we know where Melco Resorts & Entertainment Ltd stands in price and volume, let’s learn more about the future of the company.

Forecast & Beta

As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Melco Resorts & Entertainment Ltd has a beta of 1.76861. Knowing all of this, we project that Melco Resorts & Entertainment Ltd will have a price of $22.95 in 12-months compared to it’s current price of $14.91 ($8.04 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Melco Resorts & Entertainment Ltd has a marketcap of $7147715000.

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