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published in Blogs
Apr 06, 2021

Wynn Resorts (WYNN, $135.96) got a rating upgrade from Argus Research

Wynn Resorts  shares got a rating boost from  Argus Research, on coronavirus vaccine rollout.

 Argus Research analyst John Staszak raised rating on the casino operator’s shares to buy from hold. Staszak has a price target of $160 on the shares,

According to Staszak, the rollout of coronavirus vaccines and increased leisure travel will boost Wynn’s business in Vegas and its property in Boston. Staszak also expect Wynn to benefit from a recovery in Macau, thanks to its focus on the premium mass and luxury markets. The analyst also cited the company’s launch of iGaming/sports betting platform in 10 states.

Argus estimates loss of -$2.70 a share this year for Wynn, compared to prior forecast of -$2.80. Argus boosted outlook on its 2022 profit to $2 a share from $1.85.

Staszak said that Wynn will have adequate cash to operate until the end of 3Q21 even amid modest revenue.

Related Ticker: WYNN

WYNN sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for WYNN moved above the 200-day moving average on February 28, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 28, 2024. You may want to consider a long position or call options on WYNN as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for WYNN just turned positive on March 28, 2024. Looking at past instances where WYNN's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

WYNN moved above its 50-day moving average on March 26, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for WYNN crossed bullishly above the 50-day moving average on April 01, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WYNN advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WYNN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WYNN broke above its upper Bollinger Band on April 01, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WYNN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: WYNN's P/B Ratio (103.093) is very high in comparison to the industry average of (12.344). P/E Ratio (16.859) is within average values for comparable stocks, (65.877). Projected Growth (PEG Ratio) (1.301) is also within normal values, averaging (1.439). Dividend Yield (0.009) settles around the average of (0.031) among similar stocks. P/S Ratio (1.841) is also within normal values, averaging (3.600).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WYNN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.

Notable companies

The most notable companies in this group are Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), Wynn Resorts Limited (NASDAQ:WYNN), Melco Resorts & Entertainment Limited (NASDAQ:MLCO).

Industry description

Casinos/Gaming includes companies that operate casinos, gaming services, horse racing and harness racing facilities. Think Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts, Ltd. In periods of strong economic growth, consumers tend to spend on discretionary/leisure activities like gambling or games; but consumption is likely to slow down when there’s economic sluggishness.

Market Cap

The average market capitalization across the Casinos/Gaming Industry is 5.07B. The market cap for tickers in the group ranges from 152.98K to 38.96B. LVS holds the highest valuation in this group at 38.96B. The lowest valued company is ROBK at 152.98K.

High and low price notable news

The average weekly price growth across all stocks in the Casinos/Gaming Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 4%. THRSF experienced the highest price growth at 50%, while AGTEF experienced the biggest fall at -39%.

Volume

The average weekly volume growth across all stocks in the Casinos/Gaming Industry was 20%. For the same stocks of the Industry, the average monthly volume growth was -24% and the average quarterly volume growth was 8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 63
Price Growth Rating: 51
SMR Rating: 74
Profit Risk Rating: 82
Seasonality Score: 0 (-100 ... +100)
Related Portfolios: THE GAMING INDUSTRY
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WYNNDaily Signal changed days agoGain/Loss if shorted
 
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published General Information

General Information

a high-end casinos & resorts company

Industry CasinosGaming

Profile
Fundamentals
Details
Industry
Casinos Or Gaming
Address
3131 Las Vegas Boulevard South
Phone
+1 702 770-7555
Employees
27800
Web
https://www.wynnresorts.com
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