MGM Resorts International (NYSE:MGM) shares traded -3.16% lower at $38.93 on Wall Street last session.
MGM stock price is now -9.53% away from the 50-day moving average and -6.73% away from the 200-day moving average. The market capitalization of the company currently stands at $12.21B.
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With the price target maintained at $54, Susquehanna recently Upgraded its rating from Neutral to Positive for MGM Resorts International (NYSE: MGM). On April 15, 2024, Seaport Research Partners recently initiated its ‘Buy’ rating on the stock quoting a target price of $56, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, TAYLOR DANIEL J, Director sold 4,344 shares of the company’s stock on May 21 ’24. The stock was sold for $178,192 at an average price of $41.02. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Director JAMMET MARY CHRIS sold 4,344 shares of the business’s stock. A total of $178,582 was realized by selling the stock at an average price of $41.11. This leaves the insider owning 5,250 shares of the company worth $0.2 million. A total of 21.24% of the company’s stock is owned by insiders.
During the past 12 months, MGM Resorts International has had a low of $34.12 and a high of $51.35. As of last week, the company has a debt-to-equity ratio of 9.18, a current ratio of 1.51, and a quick ratio of 1.46. According to the stock market information, the enterprise value for the company is $41824980992, which is based on a 14.96 price-to-earnings ratio, a 1.26 price-to-earnings-growth ratio, and a beta of 2.24. The fifty day moving average price for MGM is $42.9538 and a two-hundred day moving average price translates $41.7016 for the stock.
The latest earnings results from MGM Resorts International (NYSE: MGM) was released for 2024-03-31. The net profit margin was 5.36% and return on equity was 21.53% for MGM. The company reported revenue of $4.38 billion for the quarter, compared to $3.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.17 percent.
