Melco Resorts & Entertainment Limited (NASDAQ:MLCO) recorded -40.43% downtrend from the beginning of this year till date. The 12-month potential price target for Melco Resorts & Entertainment Limited is set at $23.54. This target means that the stock has an upside potential to increase by 36.07% from the current trading price. The stock of MLCO went down by -$0.13 now trading at $17.3. Their shares witnessed a 12.85% increase from the 52-week low price of $15.33 they recorded on 2018-11-08. Even though it is still -90.46% behind the $32.95 high touched on 2018-05-07. The last few days have been rough for the stock, as its price has decreased by -6.33% during the week. It has also performed poorly over the past three months, as it lost around -20.17% while it has so far retreated around -37% during the course of a year.
When giving their opinion, around 70.59% of Wall Street analysts, which represents 12 out of 17 rated the stock as a Buy. 4 brokerage firms of the remaining 23.53% rated the stock as a Hold with 1 analyst rating it as a sell. Overall, the number of aggregate MLCO shares held by institutional investors represents 40.9% of total shares. 34 institutions entered new Melco Resorts & Entertainment Limited (NASDAQ:MLCO) positions, 135 added to their existing positions in these shares, 199 lowered their positions, and 82 exited their positions entirely.
Melco Resorts & Entertainment Limited (MLCO) trade volume has increased by 3.29% as around 3,889,329 shares were sold when compared with its 50-day average volume of traded shares which is 3,765,518. At the moment, MLCO is witnessing a downtrend, as it is trading -2.03% below its 20-day SMA, -1.46% below its 50-day SMA, and -29.52% below its 200-day SMA. The company runs an ROE of roughly 10.8%, with financial analysts predicting that their earnings per share growth will be around 12.82% per annum for the next five year. This will be compared to the -1.4% decrease witnessed over the past five years.
The first technical resistance point for Melco Resorts & Entertainment Limited (NASDAQ:MLCO) will likely come at $17.79, marking a 2.75% premium to the current level. The second resistance point is at $18.27, about 5.31% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $16.65, the lower end of the range. MLCO’s 14-day MACD is -0.42 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 46.97, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 58.8 percent, which is low when compared to that of the 50-day’s 61.29 percent.
The shares of Dropbox, Inc. (NASDAQ:DBX) has increased by 0.47%, and now trading at $21.56 on the Wall Street in the intra-day deal, with their shares traded now around 3,497,951. This is a decline of -118,249 shares over the average 3,616,200 shares that were traded daily over the last three months. The stock that is trading at $21.56 went higher by 10.34% from its 52-week low of $19.54 that it attained back on 2018-11-20. The stock recorded a 52-week high of $43.5 nearly 185 days ago on 2018-06-18.
DBX stock hasn’t performed well over the past 30 days, as it lost -7.35% while its price plunged by -24.3% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -5.48% over the last week. The stock’s 12-month potential target price is now at $34.38. This means that the stock price might likely increase by 59.46% from its current trading price.11 out of 15 Wall Street analysts which represents 73.33% rated the stock as a buy while the remaining 26.67 rated it as a hold, with 0 of analysts rating it as a sell.
Dropbox, Inc. (NASDAQ:DBX) has been utilizing an ROE that is roughly -161.3%, with stock analysts predicting that the company’s EPS for the next five years will go up by 17.35% per year, following the 0% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -4.68% below its 20-day SMA, -7.11% below its 50-day SMA, and -23.37% below its 200-day SMA. In percentage terms, the aggregate Dropbox, Inc. shares held by institutional investors is 53.2%. 83 institutions jumped in to acquire Dropbox, Inc. (DBX) fresh stake, 166 added to their current holdings in these shares, 65 lowered their positions, and 38 left no stake in the company.
The stock’s 9-day MACD is -0.57 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 39.05, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 43.01 percent, which is less when compared to that of the 50-day’s 49.19 percent. On the daily chart, we see that the stock could reach the first level of resistance at $21.96, sporting a 1.82% premium to the current level. The next resistance point is at $22.37, representing nearly 3.62% premium to the current market price of Dropbox, Inc. (DBX). On the other hand, failure to breach the immediate hurdles can drag it down to $20.83, the lower end of the range.