Taking a Fresh Look at Wynn Resorts, Limited (WYNN)

Wynn Resorts, Limited (WYNN) is an interesting player in the Services space, with a focus on Resorts & Casinos. The stock has been active on the tape, currently trading at $179.39, down from yesterday’s close by -0.79%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Wynn Resorts, Limited (WYNN) currently trades with a market capitalization of $19.63 Billion. That value represents a market adjusting for revenues that have been growing by 20.50 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $103.98 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $2 on a per share basis this quarter. Perhaps, that suggests something about why 11.92% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how WYNN has been acting. Looking at the stock’s movement on the chart, Wynn Resorts, Limited recorded a 52-week high of $203.63. It is now trading 24.24% off that level. The stock is trading $188.29 its 50-day moving average by 8.9%. The stock carved out a 52-week low down at $124.11.

In recent action, Wynn Resorts, Limited (WYNN) has made a move of -6.39% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.16% with $97.94 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WYNN.

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