Melco Resorts & Entertainment Lt (NASDAQ: MLCO) stock closed at $7.57 on 9/26/24 after a major increase of 15.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 302% of normal. The stock has risen 34.2% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
MLCO’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.
Melco Resorts & Entertainment Lt is currently unrated.
Rating Review
The stock is currently unrated.
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