MGM Resorts International (NYSE: MGM) kicked off on Monday, up 1.27% from the previous trading day, before settling in for the closing price of $41.09. 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
Consumer Cyclical Sector giant saw their annual sales surged by 19.19% over the last five years. While this was happening, its average annual earnings per share was recorded -9.45%. With a float of $249.71 million, this company’s outstanding shares have now reached $326.55 million.
The firm has a total of 45000 workers. Let’s measure their productivity.
MGM Resorts International (MGM) Insider Activity
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 21.23%, while institutional ownership is 68.45%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -9.45% 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 0.82. Likewise, its price to free cash flow for the trailing twelve months is 7.46.
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 2.83 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 3.27 million was lower than the volume posted last year of 3.81 million. As of the previous 9 days, the stock’s Stochastic %D was 17.76%. Additionally, its Average True Range was 1.07.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 27.53%, which indicates a significant increase from 12.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.85% in the past 14 days, which was lower than the 30.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.60, while its 200-day Moving Average is $42.43. Now, the first resistance to watch is $41.94. This is followed by the second major resistance level at $42.26. The third major resistance level sits at $42.53. If the price goes on to break the first support level at $41.35, it is likely to go to the next support level at $41.08. Should the price break the second support level, the third support level stands at $40.76.
MGM Resorts International (NYSE: MGM) Key Stats
The company with the Market Capitalisation of 13.19 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.
