MGM Resorts International (NYSE: MGM) on Monday, plunged -0.11% from the previous trading day, before settling in for the closing price of $35.01. Within the past 52 weeks, MGM’s price has moved between $33.44 and $48.24.
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
It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 19.19%. The company achieved an average annual earnings per share of 0.93%. With a float of $238.31 million, this company’s outstanding shares have now reached $326.55 million.
The extent of productivity of a business whose workforce counts for 45000 workers is very important to gauge. In terms of profitability, gross margin is 42.84%, operating margin of 10.36%, and the pretax margin is 6.79%.
MGM Resorts International (MGM) Insider Updates
Observing investor behavior towards Resorts & Casinos industry stocks is more important than anything else. The insider ownership of MGM Resorts International is 21.55%, while institutional ownership is 69.10%. The most recent insider transaction that took place on Aug 05 ’24, was worth 4,986,090. In this transaction Director of this company bought 147,500 shares at a rate of $33.80, taking the stock ownership to the 1,702,500 shares. Before that another transaction happened on Aug 05 ’24, when Company’s CEO AND PRESIDENT bought 58,900 for $33.73, making the entire transaction worth $1,986,444. This insider now owns 377,112 shares in total.
MGM Resorts International (MGM) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.64 earnings per share (EPS) for the period topping the consensus outlook (set at 0.49) by 0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -2.81% 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
MGM Resorts International (MGM) is currently performing well based on its current performance indicators. A quick ratio of 1.42 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62. Likewise, its price to free cash flow for the trailing twelve months is 7.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.65, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 3.08 in one year’s time.
Technical Analysis of MGM Resorts International (MGM)
The latest stats from [MGM Resorts International, MGM] show that its last 5-days average volume of 4.81 million was superior to 4.02 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 4.61%. Additionally, its Average True Range was 1.16.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 11.07%, which indicates a significant increase from 2.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.29% in the past 14 days, which was lower than the 37.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.38, while its 200-day Moving Average is $42.07. Now, the first resistance to watch is $35.43. This is followed by the second major resistance level at $35.90. The third major resistance level sits at $36.14. If the price goes on to break the first support level at $34.72, it is likely to go to the next support level at $34.48. Assuming the price breaks the second support level, the third support level stands at $34.01.
MGM Resorts International (NYSE: MGM) Key Stats
Market capitalization of the company is 10.62 billion based on 313,680K outstanding shares. Right now, sales total 16,164 M and income totals 1,142 M. The company made 4,327 M in profit during its latest quarter, and 187,070 K in sales during its previous quarter.
