Morgan Stanley has recently raised Wynn Resorts, Limited (WYNN) stock rating, as announced on September 27, 2024, according to Finviz. Earlier, on May 31, 2024, Seaport Research Partners had raised the stock from a Neutral to Buy, setting a price target of $116. Argus also raised Buy rating with a price target of $110. Additionally, Seaport Research Partners initiated Neutral rating on April 15, 2024. Mizuho analysts, in their report published on April 4, 2024, also initiated Buy rating and set a price target of $131 for Wynn Resorts, Limited’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Wynn Resorts, Limited (WYNN) Stock Trading Recap
On Friday, Wynn Resorts, Limited (WYNN) stock saw a modest uptick, ending the day at $94.38 which represents a slight increase of $2.71 or 2.96% from the prior close of $91.67. The stock opened at $91.29 and touched a low of $91.26 during the day, reaching a high of $95.05. The volume of shares traded was 1.40 million falling short of the average volume of 2.99 million.
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WYNN Stock Performance and Moving Averages
In recent trading, Wynn Resorts, Limited (WYNN) stock price has shown some volatility, fluctuating 2.88% over the last five trades and -4.17% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -0.53%, and it has gained 22.76% in the previous three months. Currently, WYNN is trading at 4.64%, -0.29%, and 2.79% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WYNN, a Consumer Cyclical sector stock, is trading -14.50% below its 52-week high but remains 31.76% above its 52-week low. The Average True Range (ATR) (14 days) of 2.85 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Wynn Resorts, Limited’s Profitability and Valuation Ratios
Wynn Resorts, Limited’s profitability metrics reveal financial health. The company currently boasts an operating margin of 15.88% and a profit margin of 13.37%, with a gross margin of -0.53%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Wynn Resorts, Limited’s market capitalization stands at $10.36 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 11.4, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 18.67. Additionally, the Price-to-Sales Ratio is 1.45, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 19.08% of Wynn Resorts, Limited (WYNN)’s shares, while financial institutions hold 68.11%.
Notable insider trades include Mulroy Patricia, Director at Wynn Resorts, Limited (WYNN), who sold 2650 shares on Sep 16 ’24, at $78.73 each, totaling $0.21 million. On May 13 ’24, Myers Margaret Jane, Director, sold 2000 shares for $98.05 each, amounting to $0.20 million. Additionally, on May 28 ’24, ATKINS BETSY S sold 2446 shares at $94.39 each, generating $0.23 million.
