MGM Resorts International [MGM] stock prices are down -1.26% to $46.19 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 5.19% over the last week, with a monthly amount glided 15.91%, 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 July 03, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $52. Previously, Susquehanna upgraded its rating to Positive on May 02, 2024, and kept the price target unchanged to $54. On April 15, 2024, Seaport Research Partners initiated with a Buy rating and assigned a price target of $56 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $61 on March 26, 2024. HSBC Securities initiated its recommendation with a Buy and recommended $49 as its price target on October 23, 2023. CapitalOne started tracking with a Overweight rating for this stock on October 12, 2023, and assigned it a price target of $50. In a note dated July 14, 2023, Morgan Stanley reiterated an Equal-Weight rating on this stock and boosted its target price from $47 to $48.
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 $52.84 within the next 12 months. MGM Resorts International [NYSE: MGM] shares were valued at $46.19 at the most recent close of the market. An investor can expect a potential return of 14.4% based on the average MGM price forecast.
Analyzing the MGM fundamentals
The MGM Resorts International [NYSE:MGM] reported sales of 16.67B for trailing twelve months, representing a surge of 13.17%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.23 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 1.85.
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 45.76 points at the first support level, and at 45.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.94, and for the 2nd resistance point, it is at 47.69.
Ratios To Look Out For
It’s worth pointing out that MGM Resorts International [NYSE:MGM]’s Current Ratio is 1.51. In addition, the Quick Ratio stands at 1.46 and the Cash Ratio stands at 0.9. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 4.21 and price to earnings (TTM) ratio is 17.75.
Transactions by insiders
Recent insider trading involved Meister Keith A., Director, that happened on Jun 13 ’24 when 0.14 million shares were sold. Director, TAYLOR DANIEL J completed a deal on May 21 ’24 to sell 4344.0 shares. Meanwhile, Director JAMMET MARY CHRIS sold 4344.0 shares on May 20 ’24.
