MGM Resorts International (MGM) concluded trading on Wednesday at a closing price of $33.80, with 4.25 million shares of worth about $143.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.94% during that period and on December 18, 2024 the price saw a loss of about -4.44%. Currently the company’s common shares owned by public are about 296.89M shares, out of which, 229.94M shares are available for trading.
Stock saw a price change of -8.50% in past 5 days and over the past one month there was a price change of -9.02%. Year-to-date (YTD), MGM shares are showing a performance of -24.35% which decreased to -22.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.44 but also hit the highest price of $48.24 during that period. The average intraday trading volume for MGM Resorts International shares is 4.19 million. The stock is currently trading -8.56% below its 20-day simple moving average (SMA20), while that difference is down -11.27% for SMA50 and it goes to -16.10% lower than SMA200.
MGM Resorts International (NYSE: MGM) currently have 296.89M outstanding shares and institutions hold larger chunk of about 68.83% of that.
The stock has a current market capitalization of $10.06B and its 3Y-monthly beta is at 2.22. PE ratio of stock for trailing 12 months is 12.09, while it has posted earnings per share of $2.80 in the same period. It has Quick Ratio of 1.21 while making debt-to-equity ratio of 10.03. 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 3.36% while standing at 2.74% over the month.
Stock’s fiscal year EPS is expected to drop by -6.94% while it is estimated to decrease by -2.69% in next year. EPS is likely to shrink at an annualized rate of -7.75% 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 BTIG Research on July 03, 2024 offering a Buy rating for the stock and assigned a target price of $52 to it. Coverage by Susquehanna stated MGM Resorts International (MGM) stock as a Positive in their note to investors on May 02, 2024, suggesting a price target of $54 for the stock. On April 15, 2024, Seaport Research Partners Initiated their recommendations, while on March 26, 2024, Mizuho Initiated their ratings for the stock with a price target of $61. Stock get a Buy rating from HSBC Securities on October 23, 2023.
