MGM Resorts International (NYSE: MGM) on Monday, plunged -1.72% from the previous trading day, before settling in for the closing price of $41.19. Within the past 52 weeks, MGM’s price has moved between $33.44 and $48.24.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 19.19%. The company achieved an average annual earnings per share of -3.95%. With a float of $235.99 million, this company’s outstanding shares have now reached $326.55 million.
Let’s determine the extent of company efficiency that accounts for 45000 employees. 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Resorts & Casinos industry stocks is more important than anything else. The insider ownership of MGM Resorts International is 22.31%, while institutional ownership is 66.60%. The most recent insider transaction that took place on Sep 13 ’24, was worth 4,443,249. In this transaction Director of this company sold 121,000 shares at a rate of $36.72, taking the stock ownership to the 5,738,478 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Affiliate of Director (1) proposed sale 121,000 for $34.97, making the entire transaction worth $4,231,370.
MGM Resorts International (MGM) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -3.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.76% 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 0.72. Likewise, its price to free cash flow for the trailing twelve months is 8.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.65, a number that is poised to hit 0.54 in the next quarter and is forecasted to reach 2.90 in one year’s time.
Technical Analysis of MGM Resorts International (MGM)
Looking closely at MGM Resorts International (NYSE: MGM), its last 5-days average volume was 3.05 million, which is a drop from its year-to-date volume of 4.07 million. As of the previous 9 days, the stock’s Stochastic %D was 71.89%. Additionally, its Average True Range was 1.07.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 50.94%, which indicates a significant decrease from 63.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.06% in the past 14 days, which was lower than the 37.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.24, while its 200-day Moving Average is $41.49. However, in the short run, MGM Resorts International’s stock first resistance to watch stands at $41.07. Second resistance stands at $41.65. The third major resistance level sits at $42.12. If the price goes on to break the first support level at $40.02, it is likely to go to the next support level at $39.55. Now, if the price goes above the second support level, the third support stands at $38.97.
MGM Resorts International (NYSE: MGM) Key Stats
Market capitalization of the company is 12.30 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.
