MGM Resorts International (NYSE: MGM) on Monday, plunged -0.03% from the previous trading day, before settling in for the closing price of $36.41. Within the past 52 weeks, MGM’s price has moved between $33.44 and $48.24.
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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 -5.18%. With a float of $231.31 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 42.28%, operating margin of 9.92%, and the pretax margin is 7.13%.
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 22.31%, while institutional ownership is 67.82%. 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) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.06 earnings per share (EPS) for the period topping the consensus outlook (set at 0.71) by 0.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -5.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.79% 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 1.21 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 8.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.80, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 2.56 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 6.99 million was superior to 4.11 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 5.04%. Additionally, its Average True Range was 1.33.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 21.42%, which indicates a significant increase from 2.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.82% in the past 14 days, which was higher than the 41.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.39, while its 200-day Moving Average is $41.30. Now, the first resistance to watch is $37.10. This is followed by the second major resistance level at $37.80. The third major resistance level sits at $38.24. If the price goes on to break the first support level at $35.96, it is likely to go to the next support level at $35.52. Assuming the price breaks the second support level, the third support level stands at $34.82.
MGM Resorts International (NYSE: MGM) Key Stats
Market capitalization of the company is 10.70 billion based on 297,740K 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.
