MGM Resorts International (NYSE: MGM) started the day on December 14, 2021, with a price increase of 2.21% at $41.23. During the day, the stock rose to $41.825 and sunk to $39.80 before settling in for the price of $40.34 at the close. Taking a more long-term approach, MGM posted a 52-week range of $27.81-$51.17.
The company of the Consumer Cyclical sector’s yearbook sales growth during the past 5- year span was recorded -10.90%. Meanwhile, its Annual Earning per share during the time was -19.60%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -152.00%. This publicly-traded company’s shares outstanding now amounts to $478.40 million, simultaneously with a float of $396.72 million. The organization now has a market capitalization sitting at $19.71 billion. At the time of writing, stock’s 50-day Moving Average stood at $45.16, while the 200-day Moving Average is $41.85.
MGM Resorts International (MGM) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Resorts & Casinos Industry. MGM Resorts International’s current insider ownership accounts for 0.50%, in contrast to 67.00% institutional ownership. According to the most recent insider trade that took place on Nov 08, this organization’s EVP GENERAL COUNSEL AND SECY sold 7,000 shares at the rate of 50.04, making the entire transaction reach 350,260 in total value, affecting insider ownership by 54,877. Preceding that transaction, on Nov 08, Company’s SVP & Chief Accounting Officer sold 6,000 for 50.14, making the whole transaction’s value amount to 300,840. This particular insider is now the holder of 6,918 in total.
MGM Resorts International (MGM) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 6/29/2021, the organization reported -$0.13 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.3) by $0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
MGM Resorts International’s EPS decrease for this current 12-month fiscal period is -152.00% and is forecasted to reach 0.83 in the upcoming year.
MGM Resorts International (NYSE: MGM) Trading Performance Indicators
Let’s observe the current performance indicators for MGM Resorts International (MGM). It’s Quick Ratio in the last reported quarter now stands at 1.90. The Stock has managed to achieve an average true range (ATR) of 1.94. Alongside those numbers, its PE Ratio stands at $31.67, and its Beta score is 2.40. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.43. Similarly, its price to free cash flow for trailing twelve months is now 88.26.
In the same vein, MGM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.30, a figure that is expected to reach -0.03 in the next quarter, and analysts are predicting that it will be 0.83 at the market close of one year from today.
Technical Analysis of MGM Resorts International (MGM)
If we take a close look at the recent performances of MGM Resorts International (NYSE: MGM), its last 5-days Average volume was 6.35 million that shows plunge from its year to date volume of 7.5 million. During the previous 9 days, stock’s Stochastic %D was recorded 48.19% While, its Average True Range was 1.88.
Raw Stochastic average of MGM Resorts International (MGM) in the period of the previous 100 days is set at 34.04%, which indicates a major fall in contrast to 53.52% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 50.00% that was higher than 39.81% volatility it exhibited in the past 100-days period.