Melco Resorts & Entertainment Limited (NASDAQ:MLCO) recently saw its volume around 5.44 million shares and on average it trades 4.42 million shares a day. The opening price of $21, led it to gain -2.08% to reach $21.2 upon the closing bell.Melco Resorts & Entertainment Limited (MLCO) Analyst Opinion
Melco Resorts & Entertainment Limited has a consensus outperform rating from 21 Wall Street analysts, and the number of shares currently sold short amount to at least 0.89% of shares outstanding. The stock sank -8.38% last month and is up 44.06 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 $25.48 price target on Melco Resorts & Entertainment Limited, suggesting a 20.19% gain from recent close. It’s currently trading about -11.45% 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 89.61%. Its last month’s stock price volatility remained 2.64% which for the week stands at 2.56%. The share price has moved backward from its 20 days moving average, trading at a distance of -5.56% and stays -5.13% away from its 50 days moving average. Over the last five days, shares have faced -2.21% losses and now is up 16% since hitting its 200-day moving average of $19.11. Melco Resorts & Entertainment Limited (MLCO) has made its way to a 12-month gain of 85.46%.
Turning to HDFC Bank Limited (NYSE:HDB), its shares were trading at $90.84 a gain of $0.67, on the trading floor. The stock, after opening at $90.04, touched a high of $91.12 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. HDFC Bank Limited has 1 buy ratings, 1 holds and 0 sells even after the stock climbed 0.6% from its high of $91.12 to a $75.9 billion market value through last close.HDFC Bank Limited (HDB) Consensus Price Target
The company’s consensus rating on Reuter’s scale remained unchanged from 2 to 2 during a month. Analysts set a 12-month price target of $88.39 a share. The target implies a -2.7% decrease from where the shares are currently trading. Also, the current price highlights a discount of 2.39% to analysts’ high consensus price target.HDFC Bank Limited (NYSE:HDB) Intraday Trading
The counter witnessed a trading volume of 0.61 million shares versus an average volume of 0.76 million shares during last trading session. Its last month’s stock price volatility remained 1.16% which for the week approaches 1.32%. The lowest price the stock reached in the last trading day was $89.87 and compares with the $59 52-week low. The stock recovered 53.97% since its low point and has performed 49.7% year-to-date.