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After finishing at $43.04 in the prior trading day, MGM Resorts International (NYSE: MGM) closed at $43.69, up 1.51%. In other words, the price has increased by $1.51 from its previous closing price. On the day, 2.63 million shares were traded. MGM stock price reached its highest trading level at $43.74 during the session, while it also had its lowest trading level at $43.01.
Ratios:
Our goal is to gain a better understanding of MGM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.73. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 9.18 whereas as Long-Term Debt/Eq ratio is at 9.14.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 13 ’24 when Meister Keith A. sold 139,300 shares for $40.44 per share. The transaction valued at 5,633,292 led to the insider holds 5,859,478 shares of the business.
TAYLOR DANIEL J sold 4,344 shares of MGM for $178,192 on May 21 ’24. The Director now owns 0 shares after completing the transaction at $41.02 per share. On May 20 ’24, another insider, JAMMET MARY CHRIS, who serves as the Director of the company, sold 4,344 shares for $41.11 each. As a result, the insider received 178,582 and left with 5,250 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 13704678400 and an Enterprise Value of 43318099968. As of this moment, MGM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.79, and their Forward P/E ratio for the next fiscal year is 13.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 3.98. Its current Enterprise Value per Revenue stands at 2.605 whereas that against EBITDA is 17.459.
Stock Price History:
The Beta on a monthly basis for MGM is 2.25, which has changed by -0.06284857 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, MGM has reached a high of $51.35, while it has fallen to a 52-week low of $34.12. The 50-Day Moving Average of the stock is 6.58%, while the 200-Day Moving Average is calculated to be 5.54%.
Shares Statistics:
The stock has traded on average 3.60M shares per day over the past 3-months and 3429640 shares per day over the last 10 days, according to various share statistics. A total of 326.55M shares are outstanding, with a floating share count of 246.34M. Insiders hold about 21.47% of the company’s shares, while institutions hold 66.18% stake in the company. Shares short for MGM as of 1718323200 were 14101557 with a Short Ratio of 3.91, compared to 1715731200 on 13113525. Therefore, it implies a Short% of Shares Outstanding of 14101557 and a Short% of Float of 5.87.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.81. The current Payout Ratio is 0.00% for MGM, which recently paid a dividend on 2022-12-08 with an ex-dividend date of 1670457600. Stock splits for the company last occurred on 2005-05-19 when the company split stock in a 2:1 ratio.
