A new trading day began on Friday, with MGM Resorts International (NYSE: MGM) stock price down -0.49% from the previous day of trading, before settling in for the closing price of $36.84. MGM’s price has ranged from $33.44 to $48.24 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 19.19% over the past five years. Meanwhile, its annual earnings per share averaged -7.01%. With a float of $231.29 million, this company’s outstanding shares have now reached $296.89 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
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 22.32%, 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) Latest Financial update
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 -7.01% 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 0.63. Likewise, its price to free cash flow for the trailing twelve months is 8.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.80, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 2.42 in one year’s time.
Technical Analysis of MGM Resorts International (MGM)
MGM Resorts International (NYSE: MGM) saw its 5-day average volume 3.76 million, a negative change from its year-to-date volume of 4.07 million. As of the previous 9 days, the stock’s Stochastic %D was 16.15%. Additionally, its Average True Range was 1.06.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 23.96%, which indicates a significant increase from 16.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.31% in the past 14 days, which was lower than the 41.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.70, while its 200-day Moving Average is $40.54. Nevertheless, the first resistance level for the watch stands at $37.47 in the near term. At $38.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $38.73. If the price goes on to break the first support level at $36.21, it is likely to go to the next support level at $35.75. The third support level lies at $34.95 if the price breaches the second support level.
MGM Resorts International (NYSE: MGM) Key Stats
With a market capitalization of 10.86 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.
