MGM Resorts International (MGM) concluded trading on Wednesday at a closing price of $34.37, with 6.92 million shares of worth about $237.85 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.81% during that period and on February 12, 2025 the price saw a gain of about 0.29%. Currently the company’s common shares owned by public are about 296.89M shares, out of which, 229.99M shares are available for trading.
Stock saw a price change of 0.38% in past 5 days and over the past one month there was a price change of 6.31%. Year-to-date (YTD), MGM shares are showing a performance of -0.81% which decreased to -26.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.61 but also hit the highest price of $48.24 during that period. The average intraday trading volume for MGM Resorts International shares is 4.14 million. The stock is currently trading 1.65% above its 20-day simple moving average (SMA20), while that difference is down -0.62% for SMA50 and it goes to -10.55% lower than SMA200.
MGM Resorts International (NYSE: MGM) currently have 296.89M outstanding shares and institutions hold larger chunk of about 67.53% of that.
The stock has a current market capitalization of $10.23B and its 3Y-monthly beta is at 2.20. PE ratio of stock for trailing 12 months is 12.29, while it has posted earnings per share of $2.80 in the same period. Its PEG reads 1.38 and 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 2.12% while standing at 2.40% over the month.
Stock’s fiscal year EPS is expected to drop by -14.80% while it is estimated to increase by 18.93% in next year. EPS is likely to shrink at an annualized rate of 8.92% for next 5-years, compared to annual growth of 31.55% made by the stock over the past 5-years.
Coverage by BTIG Research stated MGM Resorts International (MGM) stock as a Buy in their note to investors on July 03, 2024, suggesting a price target of $52 for the stock. On May 02, 2024, Susquehanna Upgrade their recommendations, while on April 15, 2024, Seaport Research Partners Initiated their ratings for the stock with a price target of $56. Stock get a Buy rating from Mizuho on March 26, 2024.
