On Jan. 05, Whittemore Ellen F divested U.S. $270,325 in shares of Wynn Resorts Limited. The EVP, GC sold 2,500 shares at a price per share of $108.13. The transaction decreased this specific insider’s holdings to 27,174 shares worth around $3.01 million at present.
Another 4,673 shares were sold by Billings Craig Scott, for more than $530,386 in total proceeds. The Pres, CFO dumped the shares at a price of $113.50 and the insider now owns almost 83,539 shares.
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Morgan Stanley took its Wynn Resorts Limited [WYNN] rating to the equivalent of an Overweight from an Equal-weight, and the price target to $95 from $90, in a research note dated November 02, 2020. That figure represents around a -16.68% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with Morgan Stanley’s analysts upgrading the shares from “an Equal-weight” rating to “an Overweight” rating in a research note to investors issued in early November. Meanwhile, Jefferies had lowered its rating on WYNN to “Hold” from the earlier “Buy”, in a research note produced for clients October 16, 2020. In addition, there was a downgrade from ROTH Capital on September 16, 2020. The rater changed WYNN from “a Buy” to “a Neutral”.
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Is Wynn Resorts Limited [NASDAQ:WYNN] a Good Buy Right Now?
It should be noted that WYNN technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Wynn Resorts Limited’s Trend Spotter indicated that the signals were Bullish. The stock current average is 2.31 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 3.41 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 3.44 million shares.
WYNN Price Performance
On Wall Street, Wynn Resorts Limited [NASDAQ:WYNN] finished Wednesday’s session up 0.60% at $110.85. The stock went up to $113.38 at the same session while its lowest single day price was $109.0501. In the last five days, it saw a fall of about -3.03%, Wynn Resorts Limited shares dropped by almost -1.75% since the beginning of the year. However, the share price has dropped to as low as -27.74% below its one year high. On 01/04/21, the company shares recorded $113.51, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $106.01. The company’s shares have declined by -21.86% in the past year. The 50-day SMA achieved is $99.75 while the 200-day SMA is $83.77. Volume gained to 2.43 million from 1.81 million in the previous session.
Wynn Resorts Limited [WYNN] Valuation Measures
Notably, Wynn Resorts Limited [WYNN] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.92 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.95.
WYNN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 108.81 level, and in case of violation of this particular level, it will cause more drop to 106.76 level. On the upper level, 115.42 is still the key resistance. The stock may increase to the subsequent resistance at 113.14. The Relative Strength Index (RSI) pinned on the 14-day chart is 53.89, implying a neutral technical stance while the MACD stands at -3.88, meaning price will decrease in the next trading period. Percent R indicator moved to 57.51%, implying low price movement. Stochastic %K at 28.53% suggest holding the stock.
What is the short interest in Wynn Resorts Limited?
Short interest in the Wynn Resorts Limited stock has surged, increasing by 0.72 million shares to total 11.43 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 12.15 million, data from Yahoo Finance shows. The decrease of -6.3% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 12.16% of the overall float for the stock.
Wynn Resorts Limited’s Biggest Shareholders: Who Owns Wynn Resorts Limited [WYNN]?
Filings by T. Rowe Price Associates, Inc. showed that the firm now holds a total of 10,383,044 shares or roughly 9.63% of the outstanding WYNN shares. This means their shares have increased by 1,894,939 from the 10,383,044 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $991,284,062. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 0.31% stake valued at $454,776,369 while Capital Research & Management Co added theirs at $436,808,376. During the last quarter, BlackRock Fund Advisors raised 13,989 of its shares in Wynn Resorts Limited while Capital Research & Management Co bought 27,723 shares. The SSgA Funds Management, Inc.’s holdings currently number 3,935,090 shares at $436204726.5. According to the firm’s last 13F report, Melvin Capital Management LP shares in the company at filing stood at 1,925,000 shares, roughly $193,462,500.
WYNN Earnings Forecast For The Current Quarter
Wynn Resorts Limited [WYNN] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $725.88M and an earnings per share of -$2.27 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.04B at an EPS of -$1.43 for Mar 2021. The estimates represent downside of 136.20% and 88.10% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
WYNN Earnings Estimates For The Current Year
For the financial year, Wynn Resorts Limited [NASDAQ:WYNN] is expected to bring in revenue of $2.12B. The returns are nearly $-4.49 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -18.76, lower than that of FY19 by -$23.02. Estimates put this year’s earnings growth at -540.40%, 87.40% for the next, and at an annual -1.10% over the next 5-year period. As for sales, forecasts are for a decrease of -67.90% in the current fiscal year and a further 136.20% over the following year.
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What are analyst thoughts on Wynn Resorts Limited?
Looking forward to the Wynn Resorts Limited share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Wynn Resorts Limited stock at $103.00 within the next 12 months, which represents almost -7.62 per cent growth from its previous closing price of $110.85. The highest analysts’ target for Wynn Resorts Limited stock projections is $135.00 and the lowest one is $74.00. Still, 17 analysts sharing their consensus rating for WYNN stock in 2021 agree that it is an Overweight.