MGM Resorts International (MGM) concluded trading on Thursday at a closing price of $44.71, with 5.09 million shares of worth about $227.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.24% during that period and on Thursday, February 01 price saw a gain of about 3.09%. Currently the company’s common shares owned by public are about 379.09M shares, out of which, 274.31M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 79 times over the past 12 months. They bought 763,960 shares in 36 of the transactions. In 43 selling transactions, insiders dumped 795,085 shares.
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However, the stock later moved at a day high price of 44.73, or with a gain of 3.09%. Stock saw a price change of 2.50% in past 5 days and over the past one month there was a price change of -1.69%. Year-to-date (YTD), MGM shares are showing a performance of 0.07% which increased to 7.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.12 but also hit the highest price of $51.35 during that period. The average intraday trading volume for MGM Resorts International shares is 4.54 million. The stock is currently trading 2.83% above its 20-day simple moving average (SMA20), while that difference is up 4.77% for SMA50 and it goes to 6.10% higher than SMA200.
MGM Resorts International (NYSE: MGM) currently have 379.09M outstanding shares and institutions hold larger chunk of about 68.59% of that.
The stock has a current market capitalization of $15.27B and its 3Y-monthly beta is at 2.20. PE ratio of stock for trailing 12 months is 15.25, while it has posted earnings per share of $2.93 in the same period. It has Quick Ratio of 1.73 while making debt-to-equity ratio of 8.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MGM, volatility over the week remained 1.90% while standing at 2.31% over the month.
Analysts are in expectations that MGM Resorts International (MGM) stock would likely to be making an EPS of $3M Company in the current quarter, while forecast for next quarter EPS is $95.91 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $MGM Resorts International which is $Vanguard Mega Cap Growth ETF at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Martin Marietta Materials, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 184.93% while it is estimated to decrease by -0.19% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on October 23, 2023 offering a Buy rating for the stock and assigned a target price of $49 to it.
