MGM Resorts International (NYSE: MGM) started the day on Wednesday, with a price increase of 0.03% at $37.52, before settling in for the price of $37.51 at the close. Taking a more long-term approach, MGM posted a 52-week range of $33.44-$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 the giant of the Consumer Cyclical sector posted annual sales growth of 19.19% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 31.55%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -6.81%. This publicly-traded company’s shares outstanding now amounts to $296.89 million, simultaneously with a float of $231.31 million. The organization now has a market capitalization sitting at $11.17 billion. At the time of writing, stock’s 50-day Moving Average stood at $38.74, while the 200-day Moving Average is $40.60.
MGM Resorts International (MGM) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Resorts & Casinos Industry. MGM Resorts International’s current insider ownership accounts for 22.31%, in contrast to 68.84% institutional ownership. According to the most recent insider trade that took place on Sep 13 ’24, this organization’s Director sold 121,000 shares at the rate of 36.72, making the entire transaction reach 4,443,249 in total value, affecting insider ownership by 5,738,478.
MGM Resorts International (MGM) Earnings and Revenue Records
MGM Resorts International’s EPS decrease for this current 12-month fiscal period is -6.81% and is forecasted to reach 2.42 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -7.75% through the next 5 years, which can be compared against the 31.55% growth it accomplished over the previous five years trading on the market.
MGM Resorts International (NYSE: MGM) Trading Performance Indicators
Let’s observe the current performance indicators for MGM Resorts International (MGM). It’s Quick Ratio in the last reported quarter now stands at 1.21. The Stock has managed to achieve an average true range (ATR) of 1.05. Alongside those numbers, its PE Ratio stands at $13.42, and its Beta score is 2.21. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.65. Similarly, its price to free cash flow for trailing twelve months is now 8.37.
In the same vein, MGM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.80, a figure that is expected to reach 0.39 in the next quarter, and analysts are predicting that it will be 2.42 at the market close of one year from today.
Technical Analysis of MGM Resorts International (MGM)
If we take a close look at the recent performances of MGM Resorts International (NYSE: MGM), its last 5-days Average volume was 3.04 million that shows plunge from its year to date volume of 4.07 million. During the previous 9 days, stock’s Stochastic %D was recorded 60.51% While, its Average True Range was 0.99.
Raw Stochastic average of MGM Resorts International (MGM) in the period of the previous 100 days is set at 29.52%, which indicates a major fall in contrast to 53.28% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 19.60% that was lower than 41.16% volatility it exhibited in the past 100-days period.
