MGM Resorts International [MGM] stock is trading at $46.46, up 4.29%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MGM shares have gain 4.47% over the last week, with a monthly amount glided 11.28%, and 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 March 26, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $61. Previously, HSBC Securities started tracking the stock with Buy rating on October 23, 2023, and set its price target to $49. On October 12, 2023, CapitalOne initiated with a Overweight rating and assigned a price target of $50 on the stock. Morgan Stanley reiterated its Equal-Weight rating and increased its price target to $48 on July 14, 2023. Barclays reiterated its recommendation of a Overweight and raised its price target to $60 on April 21, 2023. Barclays started tracking with a Overweight rating for this stock on February 24, 2023, and assigned it a price target of $59. In a note dated January 06, 2023, Stifel upgraded an Buy rating on this stock and boosted its target price from $42 to $46.
MGM Resorts International [MGM] stock has fluctuated 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 $46.46 at the most recent close of the market. An investor can expect a potential return of 10.96% based on the average MGM price forecast.
Analyzing the MGM fundamentals
MGM Resorts International [NYSE:MGM] reported sales of 16.16B for the trailing twelve months, which represents a growth 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 45.49 points at the first support level, and at 44.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.01, and for the 2nd resistance point, it is at 47.56.
Ratios To Look Out For
For context, MGM Resorts International’s Current Ratio is 1.57. Further, the Quick Ratio stands at 1.53, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 3.98 and price to earnings (TTM) ratio is 14.67.
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.
