A share price of MGM Resorts International [MGM] is currently trading at $34.89, up 0.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The MGM shares have gain 3.22% over the last week, with a monthly amount drifted -8.93%, 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 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.
MGM Resorts International experienced fluctuations in its stock price throughout the past year between $33.28 and $48.24. Currently, Wall Street analysts expect the stock to reach $48.8 within the next 12 months. MGM Resorts International [NYSE: MGM] shares were valued at $34.89 at the most recent close of the market. An investor can expect a potential return of 39.87% based on the average MGM price forecast.
Analyzing the MGM fundamentals
Trailing Twelve Months sales for MGM Resorts International [NYSE:MGM] were 17.27B which represents 5.28% growth. Gross Profit Margin for this corporation currently stands at 0.42% 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 0.26 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.14.
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 34.52 points at the first support level, and at 34.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.20, and for the 2nd resistance point, it is at 35.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MGM Resorts International [NYSE:MGM] is 1.24. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 0.60, the price to book ratio is 3.20 and price to earnings (TTM) ratio is 12.48.
Transactions by insiders
Recent insider trading involved Meister Keith A., Director, that happened on Dec 13 ’24 when 51000.0 shares were sold. Affiliate of Director (1), Corvex Management LP completed a deal on Dec 13 ’24 to buy 51000.0 shares. Meanwhile, Director Meister Keith A. sold 0.12 million shares on Sep 13 ’24.
