Melco Resorts & Entertainment ( (MLCO) ) has shared an announcement.
Melco Resorts & Entertainment Limited announced a major transaction involving a Share Repurchase Program, allowing the company to buy back up to US$500 million of its shares and/or ADSs over three years, starting from June 2024. As of April 7, 2025, Melco Resorts has repurchased approximately 32.4 million ADSs, equating to around 97.3 million shares, for a total of US$174 million. The company has received advance shareholder approval for the program, ensuring compliance with listing rules, and aims to continue the repurchase without further shareholder meetings.
Spark’s Take on MLCO Stock
According to Spark, TipRanks’ AI Analyst, MLCO is a Neutral.
Melco Resorts & Entertainment is on a recovery path, with operational improvements and strategic initiatives highlighted in the earnings call. However, significant financial risks, including high leverage and negative equity, weigh heavily on the stock. Technical indicators show a bearish trend, and the valuation suggests overpricing concerns, leading to an overall cautious outlook.
To see Spark’s full report on MLCO stock, click here.
More about Melco Resorts & Entertainment
Melco Resorts & Entertainment Limited operates in the gaming and entertainment industry, focusing primarily on integrated resort facilities. The company is known for its luxury casino and hotel services, with a significant market presence in Macau, the Philippines, and the Republic of Cyprus.
YTD Price Performance: -13.04%
Average Trading Volume: 4,180,479
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.01B
See more insights into MLCO stock on TipRanks’ Stock Analysis page.