MGM Resorts International (NYSE: MGM) kicked off on Friday, down -1.49% from the previous trading day, before settling in for the closing price of $36.80. Over the past 52 weeks, MGM has traded in a range of $33.44-$48.24.
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A company in the Consumer Cyclical sector has jumped its sales by 19.19% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -7.01%. With a float of $229.94 million, this company’s outstanding shares have now reached $296.89 million.
In an organization with 45000 employees, it is important to assess its efficiency. 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
Our next focus will be how large-scale investors are participating in this stock of the Resorts & Casinos Industry. The insider ownership of MGM Resorts International is 22.77%, while institutional ownership is 68.83%. The most recent insider transaction that took place on Dec 13 ’24, was worth 1,865,070. In this transaction Director of this company sold 51,000 shares at a rate of $36.57, taking the stock ownership to the 5,687,478 shares. Before that another transaction happened on Dec 13 ’24, when Company’s Affiliate of Director (1) proposed sale 51,000 for $36.60, making the entire transaction worth $1,866,600.
MGM Resorts International (MGM) Performance Highlights and Predictions
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
Take a look at MGM Resorts International’s (MGM) current performance indicators. Last quarter, 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 0.62. Likewise, its price to free cash flow for the trailing twelve months is 7.96.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 3.69 million. That was inferior than the volume of 4.06 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.31%. Additionally, its Average True Range was 1.03.
During the past 100 days, MGM Resorts International’s (MGM) raw stochastic average was set at 26.64%, which indicates a significant increase from 5.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.25% in the past 14 days, which was lower than the 40.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.43, while its 200-day Moving Average is $40.40. However, in the short run, MGM Resorts International’s stock first resistance to watch stands at $36.71. Second resistance stands at $37.16. The third major resistance level sits at $37.42. If the price goes on to break the first support level at $36.00, it is likely to go to the next support level at $35.74. Assuming the price breaks the second support level, the third support level stands at $35.29.
MGM Resorts International (NYSE: MGM) Key Stats
The company with the Market Capitalisation of 10.63 billion has total of 297,740K Shares Outstanding. Its annual sales at the moment are 16,164 M in contrast with the sum of 1,142 M annual income. Company’s last quarter sales were recorded 4,183 M and last quarter income was 184,580 K.
