Stocks of MGM Resorts International (NYSE:MGM) traded higher last session on Wall Street, up 1.23% to $32.03.
MGM stock price is now -6.81% away from the 50-day moving average and -15.73% away from the 200-day moving average. The market capitalization of the company currently stands at $9.15B.
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With the price target maintained at $50, Argus recently Upgraded its rating from Hold to Buy for MGM Resorts International (NYSE: MGM). , while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, Halkyard Jonathan S, CHIEF FINANCIAL OFFICER bought 10,000 shares of the company’s stock on Mar 06 ’25. The stock was bought for $321,700 at an average price of $32.17. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 75,648 shares in the company, valued at $2.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 19 ’25, SVP & Chief Accounting Officer Meinert Todd sold 6,000 shares of the business’s stock. A total of $227,041 was realized by selling the stock at an average price of $37.84. This leaves the insider owning 18,301 shares of the company worth $0.59 million. A total of 22.78% of the company’s stock is owned by insiders.
During the past 12 months, MGM Resorts International has had a low of $31.50 and a high of $48.24. As of last week, the company has a debt-to-equity ratio of 10.54, a current ratio of 1.30, and a quick ratio of 1.26.
The net profit margin was 4.31% and return on equity was 21.76% for MGM. The company reported revenue of $4.35 billion for the quarter, compared to $4.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.66 percent.
