In yesterday’s Wall Street session, MGM Resorts International (NYSE:MGM) shares traded at $40.09, down -0.72% from the previous session.
MGM stock price is now -5.05% away from the 50-day moving average and -3.39% away from the 200-day moving average. The market capitalization of the company currently stands at $12.58B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $0.21 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 $42188849152, which is based on a 15.41 price-to-earnings ratio, a 1.29 price-to-earnings-growth ratio, and a beta of 2.24. The fifty day moving average price for MGM is $42.0966 and a two-hundred day moving average price translates $41.48765 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.
