WYNN Stock Summary and Trading Ideas (WYNN Resorts | NASDAQ:WYNN)

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and the US, respectively.

WYNN Resorts trades on the NASDAQ stock market under the symbol WYNN.

As of January 3, 2025, WYNN stock price declined to $83.32 with 2,574,225 million shares trading.

WYNN has a beta of 0.12, meaning it tends to be less sensitive to market movements. WYNN has a correlation of 0.00 to the broad based SPY ETF.

WYNN has a market cap of $9.25 billion. This is considered a Mid Cap stock.

Last quarter WYNN Resorts reported $2 billion in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-37 million and missed earnings estimates by -$.11.

In the last 3 years, WYNN traded as high as $117.86 and as low as $50.20.

The top ETF exchange traded funds that WYNN belongs to (by Net Assets): VTI, VOO, VB, RSP, VBK.

WYNN has underperformed the market in the last year with a price return of -10.3% while the SPY ETF gained +27.8%. WYNN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.9% and -6.3%, respectively, while the SPY returned +4.6% and +0.1%, respectively.

WYNN support price is $82.05 and resistance is $85.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WYNN shares will trade within this expected range on the day.