Currently, there are 326.55M common shares owned by the public and among those 236.17M shares have been available to trade.
The company’s stock has a 5-day price change of 1.13% and -13.19% over the past three months. MGM shares are trading -17.52% year to date (YTD), with the 12-month market performance down to -0.49% lower. It has a 12-month low price of $33.44 and touched a high of $48.24 over the same period. MGM has an average intraday trading volume of 4.67 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 0.40%, -5.73%, and -12.07% respectively.
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Institutional ownership of MGM Resorts International (NYSE: MGM) shares accounts for 66.52% of the company’s 326.55M shares outstanding.
It has a market capitalization of $11.19B and a beta (3y monthly) value of 2.24. The stock’s trailing 12-month PE ratio is 13.92, while the earnings-per-share (ttm) stands at $2.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.53% over the week and 2.78% over the month.
Analysts forecast that MGM Resorts International (MGM) will achieve an EPS of 0.64 for the current quarter, 0.59 for the next quarter and 2.94 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.42 while analysts give the company a high EPS estimate of 0.42. Comparatively, EPS for the current quarter was 0.64 a year ago. Earnings per share for the fiscal year are expected to increase by 0.28%, and 13.42% over the next financial year. EPS should shrink at an annualized rate of -2.81% over the next five years, compared to 31.55% over the past 5-year period.
Looking at the support for the MGM, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on July 03, 2024, with the firm’s price target at $52. Susquehanna coverage for the MGM Resorts International (MGM) stock in a research note released on May 02, 2024 offered a Positive rating with a price target of $54. Seaport Research Partners was of a view on April 15, 2024 that the stock is Buy, while Mizuho gave the stock Buy rating on March 26, 2024, issuing a price target of $61. HSBC Securities on their part issued Buy rating on October 23, 2023.
