The stock of MGM Resorts International (MGM) has seen a 7.44% increase in the past week, with a 10.40% gain in the past month, and a 6.06% flourish in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.13% for MGM. The simple moving average for the last 20 days is 9.14% for MGM’s stock, with a simple moving average of 12.68% for the last 200 days.
Is It Worth Investing in MGM Resorts International (NYSE: MGM) Right Now?
The price-to-earnings ratio for MGM Resorts International (NYSE: MGM) is above average at 15.08x, Company’s 36-month beta value is 2.19.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MGM is 250.29M, and currently, short sellers hold a 5.47% ratio of that floaft. The average trading volume of MGM on April 02, 2024 was 4.07M shares.
MGM) stock’s latest price update
MGM Resorts International (NYSE: MGM)’s stock price has gone rise by 1.21 in comparison to its previous close of 47.21, however, the company has experienced a 7.44% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that Investors looking for stocks in the Gaming sector might want to consider either MGM Resorts (MGM) or Red Rock Resorts (RRR). But which of these two stocks is more attractive to value investors?
Analysts’ Opinion of MGM
Many brokerage firms have already submitted their reports for MGM stocks, with Mizuho repeating the rating for MGM by listing it as a “Buy.” The predicted price for MGM in the upcoming period, according to Mizuho is $61 based on the research report published on March 26, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see MGM reach a price target of $49. The rating they have provided for MGM stocks is “Buy” according to the report published on October 23rd, 2023.
CapitalOne gave a rating of “Overweight” to MGM, setting the target price at $50 in the report published on October 12th of the previous year.
MGM Trading at 9.35% from the 50-Day Moving Average
After a stumble in the market that brought MGM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.95% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +11.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.48% upper at present.
During the last 5 trading sessions, MGM rose by +7.44%, which changed the moving average for the period of 200-days by +8.03% in comparison to the 20-day moving average, which settled at $44.02. In addition, MGM Resorts International saw 6.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MGM starting from Meister Keith A., who sale 100,000 shares at the price of $42.98 back on Mar 13 ’24. After this action, Meister Keith A. now owns 5,998,778 shares of MGM Resorts International, valued at $4,298,000 using the latest closing price.
Meister Keith A., the Director of MGM Resorts International, sale 325,000 shares at $42.90 during a trade that took place back on Mar 12 ’24, which means that Meister Keith A. is holding 6,098,778 shares at $13,942,500 based on the most recent closing price.
Stock Fundamentals for MGM
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.46 for the gross margin
The net margin for MGM Resorts International stands at 0.07. The total capital return value is set at 0.04. Equity return is now at value 26.46, with 2.29 for asset returns.
Based on MGM Resorts International (MGM), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 1.7. The interest coverage ratio of the stock is 3.35.
Currently, EBITDA for the company is 2.4 billion with net debt to EBITDA at 12.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.7. The receivables turnover for the company is 15.1for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
In a nutshell, MGM Resorts International (MGM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
