MGM Resorts International (MGM) concluded trading on Thursday at a closing price of $43.37, with 3.07 million shares of worth about $133.17 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.89% during that period and on June 27, 2024 the price saw a gain of about 2.22%. Currently the company’s common shares owned by public are about 326.55M shares, out of which, 246.35M shares are available for trading.
Stock saw a price change of 4.00% in past 5 days and over the past one month there was a price change of 11.26%. Year-to-date (YTD), MGM shares are showing a performance of -2.93% which increased to 2.19% 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 3.49 million. The stock is currently trading 6.81% above its 20-day simple moving average (SMA20), while that difference is up 6.05% for SMA50 and it goes to 4.90% higher than SMA200.
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MGM Resorts International (NYSE: MGM) currently have 326.55M outstanding shares and institutions hold larger chunk of about 66.17% of that.
The stock has a current market capitalization of $13.60B and its 3Y-monthly beta is at 2.24. PE ratio of stock for trailing 12 months is 16.67, while it has posted earnings per share of $2.60 in the same period. Its PEG reads 1.40 and has Quick Ratio of 1.46 while making debt-to-equity ratio of 9.18. 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 1.93% while standing at 2.43% over the month.
Stock’s fiscal year EPS is expected to rise by 3.76% while it is estimated to increase by 16.95% in next year. EPS is likely to shrink at an annualized rate of 11.90% for next 5-years, compared to annual growth of 31.55% made by the stock over the past 5-years.
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 Susquehanna on May 02, 2024 offering a Positive rating for the stock and assigned a target price of $54 to it. Coverage by Seaport Research Partners stated MGM Resorts International (MGM) stock as a Buy in their note to investors on April 15, 2024, suggesting a price target of $56 for the stock. On March 26, 2024, Mizuho Initiated their recommendations, while on October 23, 2023, HSBC Securities Initiated their ratings for the stock with a price target of $49. Stock get an Overweight rating from CapitalOne on October 12, 2023.
