MGM Resorts International (NYSE: MGM) kicked off on Monday, up 0.87% from the previous trading day, before settling in for the closing price of $42.48. Over the past 52 weeks, MGM has traded in a range of $34.12-$51.35.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Consumer Cyclical sector has jumped its sales by 19.19% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -10.09%. With a float of $249.62 million, this company’s outstanding shares have now reached $326.55 million.
In an organization with 45000 employees, it is important to assess its efficiency.
MGM Resorts International (MGM) Insider and Institutional Ownership
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 21.26%, while institutional ownership is 68.73%. The most recent insider transaction that took place on Mar 13 ’24, was worth 4,298,000. In this transaction Director of this company sold 100,000 shares at a rate of $42.98, taking the stock ownership to the 5,998,778 shares. Before that another transaction happened on Mar 12 ’24, when Company’s Director sold 325,000 for $42.90, making the entire transaction worth $13,942,500. This insider now owns 6,098,778 shares in total.
MGM Resorts International (MGM) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 42.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.90% during the next five years compared to 31.55% growth over the previous five years of trading.
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 1.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.84. Likewise, its price to free cash flow for the trailing twelve months is 7.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.17, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 2.82 in one year’s time.
Technical Analysis of MGM Resorts International (MGM)
Let’s dig in a bit further. During the last 5-days, its volume was 3.29 million. That was inferior than the volume of 3.91 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 9.08%. Additionally, its Average True Range was 1.22.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 41.07%, which indicates a significant increase from 8.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.02% in the past 14 days, which was higher than the 30.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.17, while its 200-day Moving Average is $42.55. However, in the short run, MGM Resorts International’s stock first resistance to watch stands at $43.65. Second resistance stands at $44.45. The third major resistance level sits at $44.96. If the price goes on to break the first support level at $42.35, it is likely to go to the next support level at $41.84. The third support level lies at $41.04 if the price breaches the second support level.
MGM Resorts International (NYSE: MGM) Key Stats
The company with the Market Capitalisation of 13.58 billion has total of 317,016K Shares Outstanding. Its annual sales at the moment are 16,164 M in contrast with the sum of 1,142 M annual income. Company’s last quarter sales were recorded 4,376 M and last quarter income was 313,460 K.
