MGM Resorts International (NYSE: MGM) started the day on Thursday, with a price increase of 0.02% at $42.04, before settling in for the price of $42.03 at the close. Taking a more long-term approach, MGM posted a 52-week range of $34.12-$51.35.
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In the past 5-years timespan, the Consumer Cyclical sector firm’s annual sales growth was 19.19%. Meanwhile, its Annual Earning per share during the time was 31.55%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -10.06%. This publicly-traded company’s shares outstanding now amounts to $326.55 million, simultaneously with a float of $249.62 million. The organization now has a market capitalization sitting at $13.33 billion. At the time of writing, stock’s 50-day Moving Average stood at $44.02, while the 200-day Moving Average is $42.53.
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 21.26%, in contrast to 68.73% institutional ownership. According to the most recent insider trade that took place on Mar 13 ’24, this organization’s Director sold 100,000 shares at the rate of 42.98, making the entire transaction reach 4,298,000 in total value, affecting insider ownership by 5,998,778. Preceding that transaction, on Mar 12 ’24, Company’s Director sold 325,000 for 42.90, making the whole transaction’s value amount to 13,942,500. This particular insider is now the holder of 6,098,778 in total.
MGM Resorts International (MGM) Earnings and Revenue Records
MGM Resorts International’s EPS decrease for this current 12-month fiscal period is -10.06% and is forecasted to reach 2.82 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 11.90% through the next 5 years, which can be compared against the 31.55% growth it accomplished over the previous five years trading on the market.
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 1.53. The Stock has managed to achieve an average true range (ATR) of 1.17. Alongside those numbers, its PE Ratio stands at $13.27, and its Beta score is 2.21. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.82. Similarly, its price to free cash flow for trailing twelve months is now 7.54.
In the same vein, MGM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.17, a figure that is expected to reach 0.56 in the next quarter, and analysts are predicting that it will be 2.82 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 3.5 million that shows plunge from its year to date volume of 3.88 million. During the previous 9 days, stock’s Stochastic %D was recorded 5.54% While, its Average True Range was 1.20.
Raw Stochastic average of MGM Resorts International (MGM) in the period of the previous 100 days is set at 32.22%, which indicates a major rise in contrast to 7.73% 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 29.84% that was lower than 30.15% volatility it exhibited in the past 100-days period.
