MGM Resorts International (NYSE: MGM) is -4.43% lower on its value in year-to-date trading and has touched a low of $34.12 and a high of $51.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGM stock was last observed hovering at around $42.85 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $42.70, the stock is -5.95% and -3.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing -0.35% at the moment leaves the stock 0.34% off its SMA200. MGM registered -1.95% loss for a year compared to 6-month gain of 17.18%.
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The stock witnessed a -0.42% loss in the last 1 month and extending the period to 3 months gives it a 1.02%, and is -7.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.27% over the month.
MGM Resorts International (MGM) has around 45000 employees, a market worth around $13.54B and $16.16B in sales. Current P/E ratio is 13.48 and Fwd P/E is 15.12. Profit margin for the company is 7.07%. Distance from 52-week low is 25.15% and -16.85% from its 52-week high. The company has generated returns on investments over the last 12 months (3.23%).
The EPS is expected to shrink by -10.06% this year.
MGM Resorts International (MGM) Top Institutional Holders
The shares outstanding are 326.55M, and float is at 249.62M with Short Float at 5.37%.
MGM Resorts International (MGM) Insider Activity
The most recent transaction is an insider sale by Meister Keith A.,the company’sDirector. SEC filings show that Meister Keith A. sold 100,000 shares of the company’s common stock on Mar 13 ’24 at a price of $42.98 per share for a total of $4.3 million. Following the sale, the insider now owns 6.0 million shares.
MGM Resorts International disclosed in a document filed with the SEC on Mar 12 ’24 that Meister Keith A. (Director) sold a total of 325,000 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $42.90 per share for $13.94 million. Following the transaction, the insider now directly holds 6.1 million shares of the MGM stock.
Still, SEC filings show that on Dec 14 ’23, SANDERS COREY IAN (CHIEF OPERATING OFFICER) disposed off 30,000 shares at an average price of $44.82 for $1.34 million. The insider now directly holds 227,674 shares of MGM Resorts International (MGM).
