Wynn Resorts Limited (NASDAQ:WYNN) shares traded lower over the last trading session, losing -0.71% on 06/02/21. The shares fell to a low of $133.55 before closing at $134.65. Intraday shares traded counted 1.58 million, which was 29.47% higher than its 30-day average trading volume of 2.24M. WYNN’s previous close was $135.61 while the outstanding shares total 111.02M. The firm has a beta of 2.46. The stock’s Relative Strength Index (RSI) is 62.25, with weekly volatility at 2.13% and ATR at 3.89. The WYNN stock’s 52-week price range has touched low of $67.54 and a $143.88 high.
Investors have identified the Resorts & Casinos company Wynn Resorts Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $15.67 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Wynn Resorts Limited (WYNN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For WYNN, the company has in raw cash 2.89 billion on their books with 198.47 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 3.25 billion total, with 1.37 billion as their total liabilities.
WYNN were able to record -294.18 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -589.11 million. In cash movements, the company had a total of -253.91 million as operating cash flow.
Potential earnings growth for Wynn Resorts Limited (WYNN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Wynn Resorts Limited recorded a total of 725.78 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -31.41% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 5.48%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 522.01 million trying to sell their products during the last quarter, with the result yielding a gross income of 203.77 million. This allows shareholders to hold on to 111.02M with the recently reported earning now reading -3.03 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (-2.41 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.60 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WYNN sounds very interesting.
Is the stock of WYNN attractive?
In related news, EVP and General Counsel, Whittemore Ellen F sold 1,500 shares of the company’s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 135.00, for a total value of 202,500. As the sale deal closes, the Director, Mulroy Patricia now sold 400 shares of the company’s stock, valued at 50,120. Also, President and CFO, Billings Craig Scott sold 3,015 shares of the company’s stock in a deal that was recorded on Mar 25. The shares were price at an average price of 127.50 per share, with a total market value of 384,412. Following this completion of acquisition, the Director, Mulroy Patricia now holds 400 shares of the company’s stock, valued at 47,916. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
7 out of 15 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Wynn Resorts Limited. 0 analysts has assigned a Sell rating on the WYNN stock. The 12-month mean consensus price target for the company’s shares has been set at $130.08.