Purchase Of Shares In MGM Resorts International (MGM) By HERMAN ALEXIS


As of Thursday close, MGM Resorts International’s (NYSE:MGM) stock was up $0.13, moving up 0.33 percent to $39.96. The average number of shares traded per day over the past five days has been 4,231,360 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.98 fall in that time frame. In the last twenty days, the average volume was 4,889,240, while in the previous 50 days, it was 4,292,100.

Since last month, MGM stock retreated -5.69%. Shares of the company fell to $39.27 on 05/24/23, the lowest level in the past month. A 52-week high of $46.37 was reached on 05/01/23 after having rallying from a 52-week low of $26.41. Since the beginning of this year, MGM’s stock price has risen by 19.18% or $6.43, and marked a new high 20 times. However, the stock has declined by -13.81% since its 52-week high.

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MGM stock investors should be aware that MGM Resorts International (MGM) stock had its last reported insider trading activity 4 days ago on May 22. HERMAN ALEXIS, the Director of the company, disposed of 2,350 shares for $42.63 on May 22. It resulted in a $100,192 divestment by the insider. SANDERS COREY IAN sold 50,000 shares at an average price of $44.42 on Apr 03. The insider now owns 161,632 shares following the transaction. On Mar 01, Director Mckinney-James Rose sold 2,870 shares at $43.23 apiece. The transaction was valued at $124,070.

Valuation Metrics

Right now, MGM Resorts International (MGM) has a P/E ratio of about 8.53. The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 1.04, the price-to-book (PB) ratio of 3.09, and the price-to-cash flow ratio of 11.91 may also be considered.

The latest dividend of $0.0025 per share was paid out, remained unchanged from last year’s $0.0025. On Wednesday August 4 2021, a $0.0005 dividend increase was announced.

Financial Health

In the three months ended March 30, MGM Resorts International’s quick ratio stood at 2.10, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.43, and the total debt-to-equity ratio was 1.45. On the profitability front, the trailing twelve-month gross margin is 49.20% percent. In the year ended March 30, EBITDA margin amounted to 16.79%, whereas operating margins totaled 14.60%. Based on annual data, MGM earned $6.47 billion in gross profit and brought in $13.13 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.40%. Return on equity (ROE) for the past 12 months was 38.30%.

In MGM Resorts International’s quarter-end financial report for March 30, it reported total debt of $6.84 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MGM’s revenue rose 26.31% to $3.59 billion during the quarter, while net income inched up to $3.87 billion. While analysts expected MGM Resorts International to report $0.1 quarterly earnings, the actual figure was $0.44 per share. During the quarter, the company generated $941.47 million in EBITDA. The liabilities of MGM Resorts International were 38.32 billion at the end of its most recent quarter ended March 30, and its total debt was $32.22 billion. The value of shareholders’ equity is $363.8 million.

Technical Picture

This quick technical analysis looks at MGM Resorts International’s (MGM) price momentum. With a historical volatility rate of 38.12%, the RSI 9-day stood at 31.74% on 25 May.

With respect to its five-day moving average, the current MGM Resorts International price is down by -6.94% percent or -$2.98. At present, MGM shares trade -7.91% below its 20-day simple moving average and +19.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.63% below its SMA50 and +17.81% above its SMA200.

Stochastic coefficient K was 10.78% and Stochastic coefficient D was 14.76%, while ATR was 1.23. Given the Stochastic reading of 14.90% for the 14-day period, the RSI (14) reading has been calculated as 36.16%. As of today, the MACD Oscillator reading stands at -1.54, while the 14-day reading stands at -2.01.

Analyst Ratings

MGM Resorts International (MGM) has been rated Overweight by analysts. According to 0 brokerage firms, MGM is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate MGM Resorts International stock as buy, with 11 recommending it as overweight.

With a median target price of $58.00, the current consensus forecast for the stock is $46.90 – $75.00. Based on these forecasts, analysts predict MGM Resorts International (MGM) will achieve an average price target of $57.46.


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