Wynn Resorts, Limited’s Stock Price Soars to $102.04, Marking an Impressive 2.60% Increase

Wynn Resorts, Limited (WYNN)

102.04 USD +2.59 (+2.60%) Volume: 4.51M

Wynn Resorts, Limited’s stock price is currently standing at 102.04 USD, marking a positive growth of +2.60% this trading session, with a substantial trading volume of 4.51M. The stock has also shown a promising YTD growth of +12.00%, highlighting its strong market performance.

Latest developments on Wynn Resorts, Limited

Wynn Resorts has been making headlines recently, with betting watchdogs expressing concern over scandals involving Wynn and Resorts World Vegas impacting pending NYC casino bids. The company also revealed a succession plan for its general counsel and announced an analyst and investor update meeting for Wynn Al Marjan Island. Amidst legal issues and leadership changes, Wynn Resorts‘ stock has outperformed competitors, with Cubist Systematic Strategies LLC making a significant investment in the company. Analysts are optimistic about Wynn Resorts‘ potential in the UAE gaming market, projecting significant revenue growth. With a focus on luxury positioning and internal promotions for key roles, Wynn Resorts continues to navigate market shifts and legal scrutiny.

Wynn Resorts, Limited on Smartkarma

Analysts at Baptista Research have been closely following Wynn Resorts on Smartkarma, providing insights on the company’s performance. In their report titled “Wynn Resorts: Enhanced Market Recovery in Macau & Expansion In New Markets! – Major Drivers”, they highlighted the company’s second quarter 2024 earnings, showcasing mixed financial results across different regions. Wynn Resorts reported record quarterly EBITDAR of $572 million, signaling a strong performance in key markets like Wynn Las Vegas, Boston, Macau, and ongoing projects in the UAE.

In another report by Baptista Research titled “Wynn Resorts: Macau Operations”, analysts discussed the company’s momentum in the first quarter of 2024. Wynn Resorts achieved an all-time record property EBITDAR of $647 million during Q1 2024, attributed to their dedicated team providing top-notch service and unique experiences for guests. These positive developments presented by the analysts shed light on the potential growth opportunities for investors interested in Wynn Resorts.

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, a company that owns and operates luxury hotels and destination casino resorts, has received positive scores in Growth, Resilience, and Momentum according to Smartkarma Smart Scores. With a Growth score of 4, the company is expected to see solid expansion in the future. Its Resilience score of 5 indicates that Wynn Resorts is well-equipped to withstand challenges and economic downturns. Additionally, a Momentum score of 4 suggests that the company is on a strong upward trajectory.

Although Wynn Resorts scored low in the Value category with a score of 0, its Dividend score of 3 shows that it offers a moderate level of dividend payouts. Overall, based on the Smartkarma Smart Scores, Wynn Resorts seems to have a promising long-term outlook, especially in terms of growth potential, resilience, and momentum in the luxury hotel and casino industry.

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.
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