The share price of Wynn Resorts Limited (NASDAQ:WYNN) fell to $101.02 per share on Thursday from $101.09. While Wynn Resorts Limited has underperformed by -0.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WYNN rose by 73.60%, with highs and lows ranging from $117.86 to $50.20, whereas the simple moving average jumped by 14.92% in the last 200 days.
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Analysis of Wynn Resorts Limited (WYNN)
A return on investment can be expected regardless of WYNN’s performance over the next quarter with the dividend set at $1.00 per share. Further, the quarter-over-quarter increase in sales is 49.30%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Wynn Resorts Limited’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 32.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and WYNN is recording an average volume of 2.47M. On a monthly basis, the volatility of the stock is set at 3.17%, whereas on a weekly basis, it is put at 2.92%, with a loss of -8.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $129.73, showing growth from the present price of $101.02, which can serve as yet another indication of whether WYNN is worth investing in or should be passed over.
How Do You Analyze Wynn Resorts Limited Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in WYNN shares?
The recent increase in stakes in WYNN appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in WYNN has increased by 1.36% in the first quarter. The company now owns 10,870,481 shares of the stock, with a value of $1.24 billion, following the purchase of 145,326 additional shares during the last quarter. T. Rowe Price Associates, Inc. made another decreased to its shares in WYNN during the first quarter, downing its stake by -30.71%. During the last quarter, the company dropped down -2,652,463 additional shares for a total stake of worth $684.05 million, bringing number of shares owned by the company to 5,985,763.
During the first quarter, Capital Research & Management Co subtracted a -2,400,339 position in WYNN. BlackRock Fund Advisors sold an additional 51616.0 shares in the last quarter, decreasing its holdings by -1.04%, now holding 4.89 million shares worth $559.13 million. At the end of the first quarter, SSgA Funds Management, Inc. decreased its WYNN holdings by -1.44% and now holds 3.73 million WYNN shares valued at $426.17 million with the lessened 54384.0 shares during the period. WYNN shares are owned by institutional investors to the tune of 66.40% at present.
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