Argus raised the price target for the Wynn Resorts Limited (NASDAQ:WYNN) stock from “a Hold” to “a Buy”. The rating was released on April 06, 2021. We previously noted in another research note published on February 05, 2021 by Citigroup that upgraded the stock from a Sell to a Neutral with a price target of $110 for WYNN stock. The stock was upgraded by Morgan Stanley, who disclosed in a research note on November 02, 2020, from Equal-Weight to Overweight and set the price objective to $95. In their research brief published October 16, 2020, Jefferies analysts downgraded the Wynn Resorts Limited stock from Buy to Hold with a price target of $81.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$2.45 during the last quarter as opposed to a consensus estimate of -$2.31, which indicates the company missed its estimate by -$0.14, which implies that the company surprised the market by -6.10%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$1.98. This is an average of 13 analysts’ earnings, where the high earnings per share estimate is -$1.43 and the low earnings per share estimate is -$2.69. According to 11 analyst estimates, an average revenue estimate of $776.88M is projected for the current quarter with a high revenue estimate of $955.6M and a low estimate of $713.7M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Wynn Resorts Limited (NASDAQ:WYNN) dipped -0.18% to close Friday’s market session at $124.15, lower as compared to yesterday’s close. The stock price fluctuated between $123.66 and $126.2184 throughout the trading session with the volume trading being 2619853 shares, which represented a significant variation when compared to the three months average volume of 2.62 million shares. The firm’s stock price fluctuated -2.46% within the last five trades and -0.82% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 70.42% in the last 6 months and 15.54% was added to its value over the previous 3 months. WYNN stock is trading at a margin of -3.21%, -4.13% and 24.38% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, WYNN deals in the Consumer Cyclical domain. The stock is trading -13.71 percent below its 52-week high and 83.82 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 58.46. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Wynn Resorts Limited’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -59.00 percent and the profit margin is -98.60 percent, and the company has reported a gross margin of 16.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $14.38 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 69.59. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 6.86 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.50 percent of Wynn Resorts Limited shares are owned by insiders, and 73.10 percent are held by financial institutions. Billings Craig Scott, the President and CFO at Wynn Resorts Limited (WYNN) has sold 3,015 shares of firm on Mar 25 at a price of $127.50 against the total amount of $0.38 million. In another inside trade, Mulroy Patricia, Director of Wynn Resorts Limited (NASDAQ:WYNN) sold 400 shares of the firm on Feb 16 for a total worth of $47916.0 at a price of $119.79. An inside trade which took place on Jan 05, EVP and General Counsel of Wynn Resorts Limited Whittemore Ellen F sold 2,500 shares of firm against total price of $0.27 million at the cost of $108.13 per share.