MGM Resorts International (NYSE: MGM) kicked off on November 20, 2023, at the price of $39.91, up 1.28% from the previous trading day. During the day, the shares moved up to $40.475 and dropped to $39.83 before settling in for the closing price of $39.80. Over the past 52 weeks, MGM has traded in a range of $32.43-$51.35.
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Consumer Cyclical Sector giant saw their annual sales surged by 16.35% over the last five years. While this was happening, its average annual earnings per share was recorded 185.58%. With a float of $276.05 million, this company’s outstanding shares have now reached $379.09 million.
The firm has a total of 46000 workers. Let’s measure their productivity. In terms of profitability, gross margin is +22.80, operating margin of -13.07, and the pretax margin is +6.88.
MGM Resorts International (MGM) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Resorts & Casinos Industry. The insider ownership of MGM Resorts International is 19.18%, while institutional ownership is 68.90%. The most recent insider transaction that took place on Aug 10, was worth 465,914. In this transaction CHIEF LEGAL ADMIN OFC AND SECY of this company sold 10,000 shares at a rate of $46.59, taking the stock ownership to the 32,283 shares. Before that another transaction happened on Aug 07, when Company’s CHIEF OPERATING OFFICER sold 25,000 for $45.21, making the entire transaction worth $1,130,300. This insider now owns 136,632 shares in total.
MGM Resorts International (MGM) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.64 earnings per share (EPS), higher than consensus estimate (set at $0.49) by $0.15. This company achieved a net margin of +10.98 while generating a return on equity of 26.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 185.58% per share during the next fiscal year.
MGM Resorts International (NYSE: MGM) Trading Performance Indicators
Take a look at MGM Resorts International’s (MGM) current performance indicators. Last quarter, stock had a quick ratio of 1.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.90. Likewise, its price to free cash flow for the trailing twelve months is 9.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.93, a number that is poised to hit 0.68 in the next quarter and is forecasted to reach 2.45 in one year’s time.
Technical Analysis of MGM Resorts International (MGM)
Analysing the last 5-days average volume posted by the [MGM Resorts International, MGM], we can find that recorded value of 5.09 million was better than the volume posted last year of 4.57 million. As of the previous 9 days, the stock’s Stochastic %D was 71.07%. Additionally, its Average True Range was 1.26.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 35.93%, which indicates a significant decrease from 85.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.67% in the past 14 days, which was higher than the 34.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.50, while its 200-day Moving Average is $42.22. Now, the first resistance to watch is $40.58. This is followed by the second major resistance level at $40.85. The third major resistance level sits at $41.22. If the price goes on to break the first support level at $39.94, it is likely to go to the next support level at $39.56. Now, if the price goes above the second support level, the third support stands at $39.29.
MGM Resorts International (NYSE: MGM) Key Stats
The company with the Market Capitalisation of 13.77 billion has total of 341,583K Shares Outstanding. Its annual sales at the moment are 13,127 M in contrast with the sum of 1,473 M annual income. Company’s last quarter sales were recorded 3,973 M and last quarter income was 161,120 K.