Melco Resorts & Entertainment (MLCO) stock forecast for 2024. Forecast tables and graphs.

Melco Resorts & Entertainment (MLCO) stock forecast for 2024

Last update: September 24, 2022 (08:03)

Sector: Consumer cyclical

The share price of Melco Resorts & Entertainment Limited (MLCO) now

What analysts predict:: $7.88

52-week high/low: $12.4 / $4.06

50/200 Day Moving Average: $5.42 / $7.29

This figure corresponds to the average price over the previous 50/200 days. For Melco Resorts & Entertainment stocks, the 50-day moving average is the resistance level today.

For Melco Resorts & Entertainment stocks, the 200-day moving average is the resistance level today.

Are you interested in Melco Resorts & Entertainment stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Melco Resorts & Entertainment stock price in 2024. How much will one Melco Resorts & Entertainment share be worth in 2024?

Is it worth taking profit / loss on Melco Resorts & Entertainment stock now or waiting? What are analysts' forecasts for Melco Resorts & Entertainment stock?

We forecast Melco Resorts & Entertainment stock performance using neural networks based on historical data on Melco Resorts & Entertainment stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The Melco Resorts & Entertainment stock prediction results are shown below and presented as a graph, table and text information.

Melco Resorts & Entertainment stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Melco Resorts & Entertainment analysts is $7.88.

Today 200 Day Moving Average is the resistance level (7.29 $).

50 Day Moving Average is the resistance level (5.42 $).





Historical and forecast chart of Melco Resorts & Entertainment stock

The chart below shows the historical price of Melco Resorts & Entertainment stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Melco Resorts & Entertainment stock price can be found in the table below.

Melco Resorts & Entertainment (MLCO) Forecast for 2024

Month Target Pes. Opt. Vol., %
Jan 5.19 4.72 5.64 16.35 %
Feb 5.32 4.91 5.59 12.01 %
Mar 5.54 5.23 6.05 13.53 %
Apr 5.61 5.41 5.94 8.94 %
May 5.67 5.35 6.03 11.28 %
Jun 5.55 5.30 5.96 11.17 %
Jul 5.78 5.61 5.92 5.16 %
Aug 6.01 5.75 6.26 8.07 %
Sep 5.73 5.47 6.14 10.86 %
Oct 6.41 6.06 6.59 8.06 %
Nov 6.30 6.15 6.74 8.75 %
Dec 6.08 5.74 6.39 10.27 %

Melco Resorts & Entertainment information and performance

Melco Resorts & Entertainment Limited is a developer, owner and operator of integrated entertainment resorts and casinos in Asia and Europe. The Hong Kong-based company is listed on the NASDAQ.
Originally known as Melco Crown Entertainment (Melco Crown or MPEL), Melco Resorts was founded in 2004 as a joint venture between Melco International and Crown Limited. Melco Crown became Melco Resorts & Entertainment in May 2017 and currently operates as a subsidiary of Melco International. Melco Resorts owns a number of integrated casino resorts, having launched Altira Macau in 2007, City of Dreams Macau in 2009, City of Dreams Manila in 2015 and Studio City Macau in 2015. It also manages the Mocha Clubs slot brand and is in the process of building the City of Dreams Mediterranean resort in Cyprus, which will be the largest casino resort in Europe. Other projects under construction include an onsen spa and a ski resort in Japan.

Melco Resorts & Entertainment Address

36TH FLOOR, THE CENTRIUM., 60 WYNDHAM STREET, CENTRAL, HONG KONG., HK

Market Capitalization: 2 379 324 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: -45 224 500 $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 7.52

Price/earnings to growth

DPS: N/A

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.043

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -1.597

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 7.8

Quarterly Revenue Growth YOY: -0.477

Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 90.09

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 5.16

Enterprise Value (EV) /Revenue

EV To EBITDA: -177.04

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 456684000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

Melco Resorts & Entertainment price target for 2021 by month


Target values for the price of one Melco Resorts & Entertainment share for Jan 2024.

The weighted average target price per Melco Resorts & Entertainment share in Jan 2024 is: 5.19. In Jan, the positive dynamics for Momo shares will prevail with possible monthly volatility of 16.348% volatility is expected.

Pessimistic target level: 4.72

Optimistic target level: 5.64


Target values for the price of one Melco Resorts & Entertainment share for Feb 2024.

The weighted average target price per Melco Resorts & Entertainment share in Feb 2024 is: 5.32. In Feb, the positive dynamics for Momo shares will prevail with possible monthly volatility of 12.009% volatility is expected.

Pessimistic target level: 4.91

Optimistic target level: 5.59


Target values for the price of one Melco Resorts & Entertainment share for Mar 2024.

The weighted average target price per Melco Resorts & Entertainment share in Mar 2024 is: 5.54. In Mar, the positive dynamics for Momo shares will prevail with possible monthly volatility of 13.526% volatility is expected.

Pessimistic target level: 5.23

Optimistic target level: 6.05


Target values for the price of one Melco Resorts & Entertainment share for Apr 2024.

The weighted average target price per Melco Resorts & Entertainment share in Apr 2024 is: 5.61. In Apr, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.943% volatility is expected.

Pessimistic target level: 5.41

Optimistic target level: 5.94


Target values for the price of one Melco Resorts & Entertainment share for May 2024.

The weighted average target price per Melco Resorts & Entertainment share in May 2024 is: 5.67. In May, the positive dynamics for Momo shares will prevail with possible monthly volatility of 11.282% volatility is expected.

Pessimistic target level: 5.35

Optimistic target level: 6.03


Target values for the price of one Melco Resorts & Entertainment share for Jun 2024.

The weighted average target price per Melco Resorts & Entertainment share in Jun 2024 is: 5.55. In Jun, the negative dynamics for Momo shares will prevail with possible monthly volatility of 11.169% volatility is expected.

Pessimistic target level: 5.30

Optimistic target level: 5.96


Target values for the price of one Melco Resorts & Entertainment share for Jul 2024.

The weighted average target price per Melco Resorts & Entertainment share in Jul 2024 is: 5.78. In Jul, the positive dynamics for Momo shares will prevail with possible monthly volatility of 5.156% volatility is expected.

Pessimistic target level: 5.61

Optimistic target level: 5.92


Target values for the price of one Melco Resorts & Entertainment share for Aug 2024.

The weighted average target price per Melco Resorts & Entertainment share in Aug 2024 is: 6.01. In Aug, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.071% volatility is expected.

Pessimistic target level: 5.75

Optimistic target level: 6.26


Target values for the price of one Melco Resorts & Entertainment share for Sep 2024.

The weighted average target price per Melco Resorts & Entertainment share in Sep 2024 is: 5.73. In Sep, the negative dynamics for Momo shares will prevail with possible monthly volatility of 10.858% volatility is expected.

Pessimistic target level: 5.47

Optimistic target level: 6.14


Target values for the price of one Melco Resorts & Entertainment share for Oct 2024.

The weighted average target price per Melco Resorts & Entertainment share in Oct 2024 is: 6.41. In Oct, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.058% volatility is expected.

Pessimistic target level: 6.06

Optimistic target level: 6.59


Target values for the price of one Melco Resorts & Entertainment share for Nov 2024.

The weighted average target price per Melco Resorts & Entertainment share in Nov 2024 is: 6.30. In Nov, the negative dynamics for Momo shares will prevail with possible monthly volatility of 8.751% volatility is expected.

Pessimistic target level: 6.15

Optimistic target level: 6.74


Target values for the price of one Melco Resorts & Entertainment share for Dec 2024.

The weighted average target price per Melco Resorts & Entertainment share in Dec 2024 is: 6.08. In Dec, the negative dynamics for Momo shares will prevail with possible monthly volatility of 10.270% volatility is expected.

Pessimistic target level: 5.74

Optimistic target level: 6.39




Melco Resorts & Entertainment (MLCO) stock dividend

Melco Resorts & Entertainment last paid dividends on 02/28/2020. The next scheduled payment will be on 03/12/2020. The amount of dividends is $0 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Date: 01/01/1970

Last Split Factor:


Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.


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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.