MGM Resorts International (MGM) concluded trading on Wednesday at a closing price of $35.17, with 4.57 million shares of worth about $160.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.66% during that period and on Wednesday the price saw a loss of about -0.99%. Currently the company’s common shares owned by public are about 294.37M shares, out of which, 220.53M shares are available for trading.
Stock saw a price change of -8.27% in past 5 days and over the past one month there was a price change of 4.80%. Year-to-date (YTD), MGM shares are showing a performance of 1.50% which decreased to -17.40% 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 4.58 million. The stock is currently trading -1.76% below its 20-day simple moving average (SMA20), while that difference is up 1.54% for SMA50 and it goes to -8.14% lower than SMA200.
MGM Resorts International (NYSE: MGM) currently have 294.37M outstanding shares and institutions hold larger chunk of about 70.41% of that.
The stock has a current market capitalization of $10.04B and its 3Y-monthly beta is at 2.19. PE ratio of stock for trailing 12 months is 14.71, while it has posted earnings per share of $2.39 in the same period. Its PEG reads 1.46 and has Quick Ratio of 1.26 while making debt-to-equity ratio of 10.54. 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 3.68% while standing at 3.09% over the month.
Stock’s fiscal year EPS is expected to drop by -11.14% while it is estimated to increase by 25.02% in next year. EPS is likely to grow at an annualized rate of 10.07% for next 5-years, compared to annual growth of -9.17% 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 Argus on February 14, 2025 offering a Buy rating for the stock and assigned a target price of $50 to it. On July 03, 2024, BTIG Research Initiated their recommendations, while on May 02, 2024, Susquehanna Upgrade their ratings for the stock with a price target of $54. Stock get a Buy rating from Seaport Research Partners on April 15, 2024.
