The price of MGM Resorts International (NYSE:MGM) shares last traded on Wall Street fell -3.06% to $42.44.
MGM stock price is now 1.09% away from the 50-day moving average and 1.33% away from the 200-day moving average. The market capitalization of the company currently stands at $13.31B.
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With the price target of $52, BTIG Research recently initiated with Buy rating for MGM Resorts International (NYSE: MGM). On May 02, 2024, Susquehanna Upgraded its previous ‘Neutral’ rating to ‘Positive’ on the stock keeping its target price maintained at $54, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, Meister Keith A., Director sold 139,300 shares of the company’s stock on Jun 13 ’24. The stock was sold for $5,633,292 at an average price of $40.44. Upon completion of the transaction, the Director now directly owns 5,859,478 shares in the company, valued at $248.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, Director TAYLOR DANIEL J sold 4,344 shares of the business’s stock. A total of $178,192 was realized by selling the stock at an average price of $41.02. A total of 21.46% 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 $42925998080, which is based on a 16.31 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 2.25. The fifty day moving average price for MGM is $42.018 and a two-hundred day moving average price translates $41.92275 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.
