MGM Resorts International (NYSE: MGM) has a higher price-to-earnings ratio of 13.63x compared to its average ratio, The 36-month beta value for MGM is at 2.21. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MGM is 249.62M, and currently, shorts hold a 5.37% of that float. The average trading volume for MGM on April 15, 2024 was 3.87M shares.
MGM) stock’s latest price update
The stock of MGM Resorts International (NYSE: MGM) has increased by 1.62 when compared to last closing price of 42.48.Despite this, the company has seen a loss of -6.76% in its stock price over the last five trading days. InvestorPlace reported 2024-04-08 that While the market continues to impress – most recently thanks to another robust jobs report – the usual suspects appear overpriced, which brings us to undervalued stocks. Yes, it might seem like every idea is overbought.
MGM’s Market Performance
MGM’s stock has fallen by -6.76% in the past week, with a monthly rise of 0.94% and a quarterly rise of 1.89%. The volatility ratio for the week is 2.48% while the volatility levels for the last 30 days are 2.31% for MGM Resorts International The simple moving average for the last 20 days is -4.92% for MGM’s stock, with a simple moving average of 1.45% for the last 200 days.
Analysts’ Opinion of MGM
Mizuho, on the other hand, stated in their research note that they expect to see MGM reach a price target of $61. The rating they have provided for MGM stocks is “Buy” according to the report published on March 26th, 2024.
HSBC Securities gave a rating of “Buy” to MGM, setting the target price at $49 in the report published on October 23rd of the previous year.
MGM Trading at -2.34% 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 -15.93% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares surge +0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.43% lower at present.
During the last 5 trading sessions, MGM fell by -6.75%, which changed the moving average for the period of 200-days by +1.92% in comparison to the 20-day moving average, which settled at $45.42. In addition, MGM Resorts International saw -3.38% in overturn over a single year, with a tendency to cut further losses.
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 2.61. 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 conclusion, MGM Resorts International (MGM) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
