Wynn Resorts Ltd. (NASDAQ: WYNN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

WYNN belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Resorts & Casinos industry. The current market capitalization of Wynn Resorts Ltd. is $9.40B. A total of 1.88 million shares were traded on the day, compared to an average of 1.73M shares.

In the most recent transaction, ATKINS BETSY S sold 2,446 shares of WYNN for 94.39 per share on May 28 ’24. After the transaction, the Director now owns 9,226 company shares. In a previous transaction on Feb 09 ’24, CAMERON-DOE JULIE sold 6,383 shares at 105.27 per share. WYNN shares that CFO owns now total 78,150.

Among the insiders who sold shares, Mulroy Patricia disposed of 960 shares on Feb 09 ’24 at a per-share price of $105.17. This resulted in the Director holding 522 shares of WYNN after the transaction. In another insider transaction, Billings Craig Scott sold 19,235 shares at $108.00 per share on Feb 08 ’24. Company shares held by the CEO now total 307,904.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Wynn Resorts Ltd. pays an annual dividend of $1.00, resulting in a dividend yield of 1.19%, and it has a price to earnings (P/E) ratio of 11.25. WYNN’s most recent ex-dividend date was 5/17/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 5/31/2024. Previously, the company paid the dividend on 2/29/2024 with an ex-dividend date of 2/16/2024. The WYNN stock dividend was $0.25 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, WYNN has a high of $112.25 and a low of $81.65.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. WYNN’s latest balance sheet shows that the firm has $2.52B in Cash & Short Term Investments as of fiscal 2021. There were $12.05B in debt and $1.29B in liabilities at the time. Its Book Value Per Share was -$1.22, while its Total Shareholder’s Equity was -$836.22M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WYNN is Buy with a score of 4.57.

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