Currently, there are 296.89M common shares owned by the public and among those 229.99M shares have been available to trade.
The company’s stock has a 5-day price change of 3.13% and -6.29% over the past three months. MGM shares are trading -0.29% year to date (YTD), with the 12-month market performance down to -22.72% lower. It has a 12-month low price of $31.61 and touched a high of $48.24 over the same period. MGM has an average intraday trading volume of 4.12 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 3.58%, -1.25%, and -10.65% respectively.
Institutional ownership of MGM Resorts International (NYSE: MGM) shares accounts for 68.94% of the company’s 296.89M shares outstanding.
It has a market capitalization of $10.29B and a beta (3y monthly) value of 2.20. The stock’s trailing 12-month PE ratio is 12.35, while the earnings-per-share (ttm) stands at $2.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.05% over the week and 2.57% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.42%, and -8.23% over the next financial year. EPS should shrink at an annualized rate of -2.60% over the next five years, compared to 31.55% over the past 5-year period.
BTIG Research coverage for the MGM Resorts International (MGM) stock in a research note released on July 03, 2024 offered a Buy rating with a price target of $52. Susquehanna was of a view on May 02, 2024 that the stock is Positive, while Seaport Research Partners gave the stock Buy rating on April 15, 2024, issuing a price target of $56. Mizuho on their part issued Buy rating on March 26, 2024.
