Currently, there are 379.09M common shares owned by the public and among those 274.27M shares have been available to trade.
Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 37 of these insider trades were purchases, accounting for 771,651 shares. Insider sales of the common stock occurred on 49 occasions, with total insider shares sold totaling 1,027,046 shares.
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However, the script later moved the day high at 45.31, up 3.40%. The company’s stock has a 5-day price change of 3.80% and 16.12% over the past three months. MGM shares are trading 34.27% year to date (YTD), with the 12-month market performance up to 26.25% higher. It has a 12-month low price of $32.43 and touched a high of $51.35 over the same period. MGM has an average intraday trading volume of 5.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.50%, 16.26%, and 7.19% respectively.
Institutional ownership of MGM Resorts International (NYSE: MGM) shares accounts for 68.95% of the company’s 379.09M shares outstanding.
It has a market capitalization of $15.38B and a beta (3y monthly) value of 2.21. The stock’s trailing 12-month PE ratio is 15.35, while the earnings-per-share (ttm) stands at $2.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.28% over the week and 2.59% over the month.
Analysts forecast that MGM Resorts International (MGM) will achieve an EPS of $0.69 for the current quarter, $0.61 for the next quarter and $2.45 for 2024. The lowest estimate earnings-per-share for the quarter is $0.54 while analysts give the company a high EPS estimate of $0.88. Comparatively, EPS for the current quarter was -$1.53 a year ago. Earnings per share for the fiscal year are expected to increase by 184.44%, and 3.35% over the next financial year.
Looking at the support for the MGM, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on October 23, 2023, with the firm’s price target at $49.
