Currently, MGM Resorts International [MGM] is trading at $34.37, up 0.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MGM shares have gain 0.38% over the last week, with a monthly amount glided 6.31%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MGM Resorts International [NYSE: MGM] stock has seen the most recent analyst activity on February 03, 2025, when BTIG Research downgraded its rating to a Neutral. Previously, BTIG Research started tracking the stock with Buy rating on July 03, 2024, and set its price target to $52. On May 02, 2024, upgrade upgraded it’s rating to Positive but maintained its price target of $54 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $56 on April 15, 2024. Mizuho initiated its recommendation with a Buy and recommended $61 as its price target on March 26, 2024. HSBC Securities started tracking with a Buy rating for this stock on October 23, 2023, and assigned it a price target of $49. In a note dated October 12, 2023, CapitalOne initiated an Overweight rating and provided a target price of $50 on this stock.
This stock has fluctuated between a low of $31.61 and a high of $48.24 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $47.6 within the next 12 months. MGM Resorts International [NYSE: MGM] shares were valued at $34.37 at the most recent close of the market. An investor can expect a potential return of 38.49% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.9.
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 34.07 points at the first support level, and at 33.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.67, and for the 2nd resistance point, it is at 34.97.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MGM Resorts International [NYSE:MGM] is 1.24. Also, the Quick Ratio is 1.21, while the Cash Ratio stands at 0.76. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 3.16 and price to earnings (TTM) ratio is 12.29.
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.
