Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, MGM Resorts International (NYSE: MGM) closed at $33.23 down -2.09% from its previous closing price of $33.94. In other words, the price has decreased by -$2.09 from its previous closing price. On the day, 4.9 million shares were traded. MGM stock price reached its highest trading level at $34.39 during the session, while it also had its lowest trading level at $33.09.
Ratios:
For a deeper understanding of MGM Resorts International’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.24. In the meantime, Its Debt-to-Equity ratio is 10.03 whereas as Long-Term Debt/Eq ratio is at 9.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on July 03, 2024, initiated with a Buy rating and assigned the stock a target price of $52.
On May 02, 2024, Susquehanna Upgraded its rating to Positive which previously was Neutral but kept the price unchanged to $54.
On April 15, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $56.Seaport Research Partners initiated its Buy rating on April 15, 2024, with a $56 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 13 ’24 when Meister Keith A. sold 51,000 shares for $36.57 per share. The transaction valued at 1,865,070 led to the insider holds 5,687,478 shares of the business.
Corvex Management LP bought 51,000 shares of MGM for $1,866,600 on Dec 13 ’24. On Sep 13 ’24, another insider, Meister Keith A., who serves as the Director of the company, sold 121,000 shares for $36.72 each. As a result, the insider received 4,443,249 and left with 5,738,478 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGM now has a Market Capitalization of 9893900288 and an Enterprise Value of 39987040256. As of this moment, MGM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.88, and their Forward P/E ratio for the next fiscal year is 13.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 3.05. Its current Enterprise Value per Revenue stands at 2.322 whereas that against EBITDA is 15.638.
Stock Price History:
Over the past 52 weeks, MGM has reached a high of $48.24, while it has fallen to a 52-week low of $33.28. The 50-Day Moving Average of the stock is -9.37%, while the 200-Day Moving Average is calculated to be -16.38%.
Shares Statistics:
For the past three months, MGM has traded an average of 3.91M shares per day and 3912750 over the past ten days. A total of 296.89M shares are outstanding, with a floating share count of 229.99M. Insiders hold about 22.75% of the company’s shares, while institutions hold 68.83% stake in the company. Shares short for MGM as of 1734048000 were 16767082 with a Short Ratio of 4.29, compared to 1731628800 on 13759187. Therefore, it implies a Short% of Shares Outstanding of 16767082 and a Short% of Float of 7.48.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.81.
