MGM Resorts International [MGM] stock prices are up 0.14% to $42.86 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MGM shares have gain 1.97% over the last week, with a monthly amount drifted -8.85%, and not seem to be holding up well over a long-time horizon.
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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 $42.86 at the most recent close of the market. An investor can expect a potential return of 20.28% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.7.
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 42.62 points at the first support level, and at 42.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.10, and for the 2nd resistance point, it is at 43.35.
Ratios To Look Out For
It’s worth pointing out that MGM Resorts International [NYSE:MGM]’s Current Ratio is 1.57. On the other hand, the Quick Ratio is 1.53, and the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 3.67 and price to earnings (TTM) ratio is 13.53.
Transactions by insiders
Recent insider trading involved Meister Keith A., Director, that happened on Mar 13 ’24 when 100000.0 shares were sold. Director, Meister Keith A. completed a deal on Mar 12 ’24 to sell 0.33 million shares. Meanwhile, CHIEF OPERATING OFFICER SANDERS COREY IAN sold 30000.0 shares on Dec 14 ’23.
