Melco Resorts (MSC, Financial) experienced significant stock volatility with a sharp decline of 5.21%. The stock is currently priced at $8.01 per share with a trading volume of 22,506 shares, translating to a turnover rate of 0.01% and a price fluctuation of 10.89%.
The recent financial report indicates that Melco Resorts generated $161 million in revenue, with a net loss of $33.43 million, resulting in an earnings-per-share of -$0.17 and a gross profit of $51.58 million. The price-to-earnings ratio stands at -16.46. Currently, no institutional ratings of buy, hold, or sell have been assigned to Melco Resorts.
The casino and gaming industry, where Melco Resorts operates, recorded an overall decline of 1.00%. Notable stocks in the sector included Caesars Entertainment, Bally's Corporation, and MGM Resorts, which saw significant gains. Bally's Corporation and Wynn Resorts, along with Caesars Entertainment, were highly active, with turnover rates of 3.13%, 1.46%, and 0.97% respectively. Melco Resorts, Century Casinos, and Caesars Entertainment had notable price swings, with amplitude figures of 11.72%, 4.82%, and 4.63% respectively.
Melco Resorts International Holdings Limited is a gaming, retail, and entertainment resort located in Cotai, Macau. It operates the Melco Resorts casino, offering approximately 250 mass-market gaming tables, 15 VIP rolling chip tables, and 552 gaming machines. The company is known for its luxurious hotel accommodations, diverse dining options, and integrated retail spaces. Additionally, it features non-gaming attractions like the world's first figure-8 Ferris wheel, a luxury nightclub and karaoke venue, a live performance arena, an outdoor water park, and an indoor water park. The company primarily earns its revenue from the Macau region.
