MGM Resorts International (NYSE: MGM) is -15.40% lower on its value in year-to-date trading and has touched a low of $33.44 and a high of $48.24 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 $38.01 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $37.80, the stock is -0.11% and -2.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing -0.55% at the moment leaves the stock -7.41% off its SMA200. MGM registered -6.32% loss for a year compared to 6-month gain of -4.83%. The firm has a 50-day simple moving average (SMA 50) of $38.6392 and a 200-day simple moving average (SMA200) of $40.82525.
The stock witnessed a -5.74% loss in the last 1 month and extending the period to 3 months gives it a -0.63%, and is 1.39% up 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 2.37% over the week and 2.99% over the month.
MGM Resorts International (MGM) has around 45000 employees, a market worth around $11.19B and $17.27B in sales. Current P/E ratio is 13.52 and Fwd P/E is 15.49. Profit margin for the company is 5.23%. Distance from 52-week low is 13.04% and -21.65% from its 52-week high. The company has generated returns on investments over the last 12 months (2.59%).
with sales reaching $4.29B over the same period.The EPS is expected to shrink by -6.41% this year, but quarterly earnings will post 6.37% year-over-year. Quarterly sales are estimated to shrink -2.07% in year-over-year returns.
MGM Resorts International (MGM) Top Institutional Holders
949.0 institutions hold shares in MGM Resorts International (MGM), with institutional investors hold 90.11% of the company’s shares. The shares outstanding are 326.55M, and float is at 231.28M with Short Float at 6.02%. Institutions hold 69.63% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 27.95 million shares valued at $1.24 billion. The investor’s holdings represent 8.7212% of the MGM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 21.56 million shares valued at $958.15 million to account for 6.7274 of the shares outstanding. The other top investors are DAVIS SELECTED ADVISERS which holds 11.91 million shares representing 3.7167% and valued at over $529.35 million, while STATE STREET CORP holds 3.0747 of the shares totaling 9.85 million with a market value of $437.91 million.
MGM Resorts International (MGM) Insider Activity
The most recent transaction is an insider sale by Meister Keith A. , the company’s Director. SEC filings show that Meister Keith A. sold 121,000 shares of the company’s common stock on Sep 13 ’24 at a price of $36.72 per share for a total of $4.44 million. Following the sale, the insider now owns 5.74 million shares.
Still, SEC filings show that on Aug 05 ’24, SALEM PAUL J (Director) acquired 147,500 shares at an average price of $33.80 for $4.99 million. The insider now directly holds 1,702,500 shares of MGM Resorts International (MGM).
