{"id":206264,"date":"2022-03-22T10:28:00","date_gmt":"2022-03-22T17:28:00","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=206264"},"modified":"2022-03-22T13:21:26","modified_gmt":"2022-03-22T20:21:26","slug":"wynn-stock-could-rebound-this-year-according-to-research-firm","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/","title":{"rendered":"Wynn Resorts Stock Has Rebound Potential, Says Research Firm"},"content":{"rendered":"

Wynn Resorts (NASDAQ:WYNN) stock is higher by 17 percent over the past week. While the casino operator is still in the red on a year-to-date basis, some market observers believe the shares offer compelling near-term potential.<\/p>\n

\"Wynn
Wynn’s Encore Boston Harbor, seen above. A research firm says the stock could rally. (Image: Bloomberg<\/em>)<\/figcaption><\/figure>\n

Still hindered by travel restrictions in Macau and a recent spike of coronavirus cases in mainland China, the operator\u2019s Wynn Macau arm remains under pressure. In normal business environments, Wynn\u2019s operations in the world\u2019s largest casino center<\/a> drive approximately two-thirds of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue.<\/p>\n

Lethargy in the special administrative region (SAR) goes a long way toward Wynn\u2019s 8% 2022 decline and its 41% drop over the past 12 months. However, some analysts see bright spots in Wynn\u2019s options market.<\/p>\n

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security sports a 10-day put\/call volume ratio of 0.65 that sits higher than 95% of readings from the past 12 months,\u201d according to Schaeffer\u2019s Investment Research. \u201cThis indicates that while calls are still outnumbering puts on an overall basis, the latter have been more popular during the past two weeks.\u201d<\/p><\/blockquote>\n

Put options are the contracts traders purchase when making bearish bets, while calls are the options used to express bullish views.<\/p>\n

Wynn Has Some Potential Catalysts<\/h2>\n

With Macau\u2019s casino industry nowhere close to pre-pandemic form, some investors are overtly bearish<\/a> on Wynn stock. But the operator has some levers to pull to potentially generate enthusiasm for the stock.<\/p>\n

Those include deploying proceeds from the recently announced sale of the real estate of its Massachusetts integrated resort. Wynn announced the sale of Encore Boston Harbor\u2019s property assets<\/a> in conjunction with the release of its fourth-quarter results. At the end of last year, the company had $2.52 billion in cash and cash equivalents, and debt of $11.93 billion.<\/p>\n

\n

There\u2019s also speculation that the company is mulling the sale of its Wynn Interactive unit, which could generate additional cash. That rumor surfaced two months ago, and the company hasn\u2019t confirmed it. But with costs soaring to stay competitive in the US sports wagering industry, and profits slim-to-nil for operators, it\u2019s possible investors would applaud Wynn\u2019s departure from that arena. In this environment, moves to reduce debt would likely be cheered by analysts and investors.<\/p>\n<\/div>\n

\u201cWynn Resorts stock offers very little security or consistency from a fundamental point of view. WYNN currently holds $12.04 billion in total debt and only $2.53 billion in cash on its balance sheet,\u201d adds Schaeffer’s. \u201cThe hotel and casino concern also reported back-to-back years of top- and bottom-line declines for 2019 and 2020, with revenues decreasing 68 percent, while its net income fell by $2.19 billion for 2020.\u201d<\/p>\n

Wynn Stock Showing Value Traits<\/h2>\n

Valuation alone usually isn\u2019t a reason to buy or sell a stock. But data suggest Wynn has the makings of a value play.<\/p>\n

Wynn Resorts stock trades at a forward price-earnings ratio of 11.39, as well as a price-sales ratio of 2.19, indicating a relatively good valuation. WYNN also reported an 80% increase in revenues and a $1.3 billion increase in net income for 2021. What’s more, the casino name is estimated to grow its revenues by 29.5%, and increase its earnings from -$1.03 to $3.59 in 2022,\u201d concludes Schaeffer\u2019s.<\/p><\/blockquote>\n

Those points could be signs the risk\/reward scenario with Wynn stock is skewed more towards the reward side of the equation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resorts (NASDAQ:WYNN) stock is higher by 17 percent over the past week. While the casino operator is still in the red on a year-to-date basis, some market observers believe the shares offer compelling near-term potential. Still hindered by travel restrictions in Macau and a recent spike of coronavirus cases in mainland China, the operator\u2019s […]<\/p>\n","protected":false},"author":46,"featured_media":206265,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nWynn Stock Could Rebound This Year, According To Research Firm<\/title>\n<meta name=\"description\" content=\"Wynn Resorts is attractively valued and has rebound potential.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wynn Stock Could Rebound This Year, According To Research Firm\" \/>\n<meta property=\"og:description\" content=\"Wynn Resorts is attractively valued and has rebound potential.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-22T17:28:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-22T20:21:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1311\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/\",\"url\":\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/\",\"name\":\"Wynn Stock Could Rebound This Year, According To Research Firm\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg\",\"datePublished\":\"2022-03-22T17:28:00+00:00\",\"dateModified\":\"2022-03-22T20:21:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Wynn Resorts is attractively valued and has rebound potential.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg\",\"width\":2000,\"height\":1311,\"caption\":\"Wynn's Encore Boston Harbor. A research firm says the stock could rally. (Image: Bloomberg)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Wynn Resorts Stock Has Rebound Potential, Says Research Firm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wynn Stock Could Rebound This Year, According To Research Firm","description":"Wynn Resorts is attractively valued and has rebound potential.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/","og_locale":"en_US","og_type":"article","og_title":"Wynn Stock Could Rebound This Year, According To Research Firm","og_description":"Wynn Resorts is attractively valued and has rebound potential.","og_url":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-03-22T17:28:00+00:00","article_modified_time":"2022-03-22T20:21:26+00:00","og_image":[{"width":2000,"height":1311,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/","url":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/","name":"Wynn Stock Could Rebound This Year, According To Research Firm","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg","datePublished":"2022-03-22T17:28:00+00:00","dateModified":"2022-03-22T20:21:26+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Wynn Resorts is attractively valued and has rebound potential.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/EBH.jpg","width":2000,"height":1311,"caption":"Wynn's Encore Boston Harbor. A research firm says the stock could rally. (Image: Bloomberg)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/wynn-stock-could-rebound-this-year-according-to-research-firm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Wynn Resorts Stock Has Rebound Potential, Says Research Firm"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/206264"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=206264"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/206264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/206265"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=206264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=206264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=206264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}