Wynn Resorts, Limited’s Stock Price Drops to $101.21, Witnessing a 3.79% Decline: Is Now the Time to Invest?

Wynn Resorts, Limited (WYNN)

101.21 USD -3.99 (-3.79%) Volume: 3.75M

Wynn Resorts, Limited’s stock price currently stands at 101.21 USD, experiencing a decrease of -3.79% this trading session with a trading volume of 3.75M. Despite today’s dip, Wynn Resorts has shown resilience with a Year To Date (YTD) percentage increase of +10.94%, indicating a potentially promising investment opportunity in the hospitality and gaming industry.

Latest developments on Wynn Resorts, Limited

Wynn Resorts, Limited (NASDAQ:WYNN) has seen significant stock price movements following a series of events. The company recently filed a lawsuit against Fontainebleau, accusing them of poaching employees from Wynn Las Vegas. Despite this, the outlook for Wynn Resorts remains positive, with Q2 2024 EPS estimates being increased by Zacks Research and a Golden Cross signalling a potential bullish run. Furthermore, new investments have been made by Sherbrooke Park Advisers LLC and Bamco Inc. NY, and stock holdings have been increased by First Dallas Securities Inc. Additionally, Wynn Resorts‘ stock price target has been raised to $123.00 by analysts at JPMorgan Chase & Co., underscoring the company’s value traits.

Wynn Resorts, Limited on Smartkarma

Wynn Resorts, the renowned casino and hotel company, has recently received positive analyst coverage on Smartkarma, an independent investment research network. According to reports published by Baptista Research and Howard J Klein, Wynn Resorts has shown impressive financial performance in the last quarter, with record-breaking earnings of over $2.2 billion. The company’s Macau operations have been highlighted as a major driver of this success, with the region experiencing a faster-than-expected recovery. Additionally, the company’s non-gaming sectors such as retail and hotel revenue have also seen significant growth.

Baptista Research‘s analysis also points to Wynn Resorts‘ strong position in the premium mass segment, which has contributed to the company’s success in Macau. The research report highlights the company’s all-time quarterly record of $630.4 million of property EBITDAR in the fourth quarter of 2023. Furthermore, Wynn Resorts has been praised for its visionary founder, Steve Wynn, who developed the company’s properties before his resignation in 2018. With the market yet to fully recognize the speed of Macau’s recovery, analysts believe that the current entry point for Wynn Resorts is attractive for investors.

A look at Wynn Resorts, Limited Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Wynn Resorts, Limited has a bright long-term outlook, according to the Smartkarma Smart Scores. The company received a 4 out of 5 for growth, indicating its potential for future expansion and success. Additionally, it scored a perfect 5 out of 5 in both resilience and momentum, meaning it has a strong ability to weather economic downturns and maintain a positive trajectory. This is good news for investors and shareholders, as it shows Wynn Resorts is well-positioned for sustained growth and profitability in the coming years.

As for the other factors, Wynn Resorts received a 2 out of 5 for dividends, suggesting that it may not be the best choice for investors seeking regular dividend payments. However, it received a 0 out of 5 for value, which could indicate that the stock is currently overvalued. Overall, Wynn Resorts is a luxury hotel and casino company that operates in popular destinations such as Las Vegas and Macau. With amenities like high-end guest rooms and restaurants, as well as a golf course and luxury car dealership on-site, the company offers a premium experience for its customers. With its strong Smartkarma Smart Scores, Wynn Resorts is poised for continued success in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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