Wynn Resorts Ltd (NASDAQ:WYNN) shares, rose in value, with the stock price down by -0.82% to the previous day’s close as strong demand from buyers drove the stock to $89.99.
Actively observing the price movement in the recent trading, the stock is buoying the session at $90.73. The PE ratio was 24.56 over 12-month period. Referring to stock’s 52-week performance, its high was $107.81, and the low was $65.25. On the whole, WYNN has fluctuated by 12.05% over the past month.
With the market capitalization of Wynn Resorts Ltd currently standing at about $9.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 1.11%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.97B, with a low estimate of 1.66B and a high estimate of 1.78B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.74B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WYNN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of WYNN currently trading nearly -1.05% and 7.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.33, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 2.34%. Furthermore, Wynn Resorts Ltd (WYNN)’s beta value is 1.37, and its average true range (ATR) is 2.68.
A comparison of Wynn Resorts Ltd (WYNN) with its peers suggests the former has fared considerably weaker in the market. WYNN showed an intraday change of -0.82% in today’s session so far, and over the past year, it shrunk by -3.76%%.
Data on historical trading for Wynn Resorts Ltd (NASDAQ:WYNN) indicates that the trading volumes over the past 3 months, they’ve averaged 2.54 million. According to company’s latest data on outstanding shares, there are 105.87 million shares outstanding.
Nearly 22.27% of Wynn Resorts Ltd’s shares belong to company insiders and institutional investors own 66.91% of the company’s shares. The stock has risen by 4.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WYNN stock heading into the next quarter.
