MGM Resorts International (NYSE:MGM): The Most Important Numbers You Should Know

MGM Resorts International (NYSE:MGM) shares fell to a low of $36.47 before closing at $37.52. Intraday shares traded counted 12.23 million, which was -36.01% lower than its 30-day average trading volume of 8.99M. MGM’s previous close was $36.42 while the outstanding shares total 493.52M. The firm has a beta of 2.49, a 12-month trailing P/E ratio of 9.87. The stock’s Relative Strength Index (RSI) is 70.25, with weekly volatility at 4.45% and ATR at 1.37. The MGM stock’s 52-week price range has touched low of $5.90 and a $36.70 high. The stock traded higher over the last trading session, gaining 3.02% on 02/22/21.

Investors have identified the Resorts & Casinos company MGM Resorts International as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $17.86 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

MGM Resorts International (MGM) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 6.19 billion total, with 2.77 billion as their total liabilities.

Having a look at the company’s valuation, the company is expected to record -0.23 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MGM sounds very interesting.

Is the stock of MGM attractive?

In related news, EVP GENERAL COUNSEL AND SECY, McManus John sold 30,000 shares of the company’s stock in a transaction that recorded on Feb 16. The sale was performed at an average price of 35.49, for a total value of 1,064,826. As the sale deal closes, the Director, HERMAN ALEXIS now sold 4,870 shares of the company’s stock, valued at 173,859. Also, SVP Financial Reporting, Meinert Todd sold 8,129 shares of the company’s stock in a deal that was recorded on Feb 16. The shares were price at an average price of 35.57 per share, with a total market value of 289,113. Following this completion of acquisition, the EVP GENERAL COUNSEL AND SECY, McManus John now holds 10,000 shares of the company’s stock, valued at 228,900. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.

2 out of 18 analysts covering the stock have rated it a Buy, while 14 have maintained a Hold recommendation on MGM Resorts International. 1 analysts has assigned a Sell rating on the MGM stock. The 12-month mean consensus price target for the company’s shares has been set at $33.21.


Please enter your comment!
Please enter your name here