MGM Resorts International [MGM] stock prices are up 2.58% to $43.28 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MGM shares have gain 2.00% over the last week, with a monthly amount drifted -0.87%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, MGM RESORTS INTERNATIONAL LISTED ON PRESTIGIOUS CDP A-LIST. In a post published today on Yahoo Finance, Environmental organization CDP recognizes MGM Resorts for environmental leadership .
From an analyst’s perspective:
MGM Resorts International [NYSE: MGM] stock has seen the most recent analyst activity on October 23, 2023, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $49. Previously, CapitalOne started tracking the stock with Overweight rating on October 12, 2023, and set its price target to $50. On July 14, 2023, Morgan Stanley reiterated its Equal-Weight rating and revised its price target to $48 on the stock. Barclays reiterated its Overweight rating and increased its price target to $60 on April 21, 2023. Barclays initiated its recommendation with a Overweight and recommended $59 as its price target on February 24, 2023. Stifel upgraded its rating to Buy for this stock on January 06, 2023, and upped its price target to $46. In a note dated December 05, 2022, Truist upgraded an Buy rating on this stock and boosted its target price from $40 to $50.
The stock price of MGM Resorts International [MGM] has been fluctuating between $34.12 and $51.35 over the past year. Currently, Wall Street analysts expect the stock to reach $51.55 within the next 12 months. MGM Resorts International [NYSE: MGM] shares were valued at $43.28 at the most recent close of the market. An investor can expect a potential return of 19.11% based on the average MGM price forecast.
Analyzing the MGM fundamentals
The MGM Resorts International [NYSE:MGM] reported sales of 16.16B for trailing twelve months, representing a surge of 21.81%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.27 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.63 points at the first support level, and at 41.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.65, and for the 2nd resistance point, it is at 44.01.
MGM Resorts International [MGM] reported earnings per share of $1.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.71/share, meaning a difference of $0.35 and a surprise factor of 49.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.64 per share as compared to estimates of $0.49 per share, a difference of $0.15 representing a surprise of 30.60%.
Ratios To Look Out For
It’s worth pointing out that MGM Resorts International [NYSE:MGM]’s Current Ratio is 1.57. In addition, the Quick Ratio stands at 1.53 and the Cash Ratio stands at 0.94. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 3.71 and price to earnings (TTM) ratio is 13.66.
Transactions by insiders
Recent insider trading involved SANDERS COREY IAN, CHIEF OPERATING OFFICER, that happened on Dec 14 when 30000.0 shares were sold. CHIEF LEGAL ADMIN OFC AND SECY, McManus John completed a deal on Dec 14 to sell 10000.0 shares. Meanwhile, CHIEF LEGAL ADMIN OFC AND SECY McManus John sold 10000.0 shares on Dec 12.
