Melco Resorts & Entertainment Limited (NASDAQ:MLCO) last session’s volume of 3.4 million shares was lower than its average volume of 4.82 million shares. The stock, after opening at $23.06, hit $22.7 through the close by scoring -0.83%.Melco Resorts & Entertainment Limited (MLCO) Analyst Opinion
Melco Resorts & Entertainment Limited has a consensus outperform rating from 23 Wall Street analysts, and the number of shares currently sold short amount to at least 0.99% of shares outstanding. The stock spiked 6.77% last month and is up 54.25 this year. Wall Street is only getting more bullish on the stock, with 15 of analysts who cover MLCO having a buy-equivalent rating. Analysts have placed a $25.1 price target on Melco Resorts & Entertainment Limited, suggesting a 10.57% gain from recent close. It’s currently trading about -5.18% below its 52-week high.Melco Resorts & Entertainment Limited Earnings Surprise
Melco Resorts & Entertainment Limited (MLCO) surprised the stock market in its last reported earnings when it earned $0.23 a piece versus the consensus-estimated $0.11. Its revenue totaled $1.18 billion down -1.07% from the previous quarter.
This stock (MLCO) is ahead of its 52-week low with 106.01%. Its last month’s stock price volatility remained 3.48% which for the week stands at 2.77%. The share price has moved forward from its 20 days moving average, trading at a distance of 1.25% and stays 4.92% away from its 50 days moving average. Over the last five days, shares have managed 0.75% gains and now is up 29.9% since hitting its 200-day moving average of $18.82. Melco Resorts & Entertainment Limited (MLCO) has made its way to a 12-month gain of 77.46%.
Turning to Altisource Residential Corporation (NYSE:RESI), its shares were trading at $12.68 a retreat of $-0.53, on the trading floor. The stock, after opening at $13.04, touched a high of $13.14 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.4. Altisource Residential Corporation has 3 buy ratings, 4 holds and 0 sells even after the stock tumbled -19.03% from its high of $15.66 to a $706.91 million market value through last close.Altisource Residential Corporation (RESI) Consensus Price Target
The company’s consensus rating on Reuter’s scale remained unchanged from 2.14 to 2.14 during a month. Analysts set a 12-month price target of $15.14 a share. The target implies a 19.4% spike from where the shares are currently trading. Also, the current price highlights a discount of 34.07% to analysts’ high consensus price target.Altisource Residential Corporation (NYSE:RESI) Intraday Trading
The counter witnessed a trading volume of 5.06 million shares versus an average volume of 0.8 million shares during last trading session. Its last month’s stock price volatility remained 3.22% which for the week approaches 2.76%. The lowest price the stock reached in the last trading day was $12.56 and compares with the $7.81 52-week low. The stock recovered 62.36% since its low point and has performed 14.86% year-to-date.