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1 Comment
Melco Resorts & Entertainment Limited is currently in a long term downtrend where the price is trading 10.7% below its 200 day moving average.
From a valuation standpoint, the stock is 91.0% cheaper than other stocks from the Consumer Cyclical sector with a price to sales ratio of 5.6.
Melco Resorts & Entertainment Limited's total revenue sank by 63.6% to $528M since the same quarter in the previous year.
Its net income has dropped by 393.1% to $-200M since the same quarter in the previous year.
Based on the above factors, Melco Resorts & Entertainment Limited gets an overall score of 1/5.
Sector | Consumer Cyclical |
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Exchange | F |
ISIN | US5854641009 |
CurrencyCode | EUR |
Industry | Resorts & Casinos |
Dividend Yield | 0.0% |
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Target Price | 17.86 |
Beta | 1.15 |
PE Ratio | None |
Market Cap | 5B |
Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has gaming tables and gaming machines; suites and villas; restaurants and bars; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has gaming tables and gaming machines; hotel rooms; dining and casual restaurants; recreation and leisure facilities; and non-gaming amenities. In addition, it operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets in Cotai, Macau. Further, the company owns and operates seven Mocha Clubs with gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; a casino in Limassol and satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus; and develops and operates City of Dreams Mediterranean, an integrated casino resort in Cyprus. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is headquartered in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.
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