A new trading day began on Monday, with MGM Resorts International (NYSE: MGM) stock price down -0.35% from the previous day of trading, before settling in for the closing price of $37.28. MGM’s price has ranged from $33.44 to $48.24 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 19.19%. Meanwhile, its annual earnings per share averaged -5.02%. With a float of $231.26 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 42.28%, operating margin of 9.92%, and the pretax margin is 7.13%.
MGM Resorts International (MGM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Resorts & Casinos Industry. The insider ownership of MGM Resorts International is 22.33%, while institutional ownership is 68.83%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -5.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.75% 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
Here are MGM Resorts International’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64. Likewise, its price to free cash flow for the trailing twelve months is 8.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.80, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.47 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 4.32 million, which is a jump from its year-to-date volume of 4.12 million. As of the previous 9 days, the stock’s Stochastic %D was 56.98%. Additionally, its Average True Range was 1.23.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 26.85%, which indicates a significant increase from 24.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.16% in the past 14 days, which was higher than the 42.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.48, while its 200-day Moving Average is $40.97. However, in the short run, MGM Resorts International’s stock first resistance to watch stands at $37.65. Second resistance stands at $38.15. The third major resistance level sits at $38.64. If the price goes on to break the first support level at $36.66, it is likely to go to the next support level at $36.17. Should the price break the second support level, the third support level stands at $35.67.
MGM Resorts International (NYSE: MGM) Key Stats
With a market capitalization of 10.99 billion, the company has a total of 297,740K Shares Outstanding. Currently, annual sales are 16,164 M while annual income is 1,142 M. The company’s previous quarter sales were 4,183 M while its latest quarter income was 184,580 K.
