MGM Resorts International [NYSE: MGM] loss -0.51% or -0.1 points to close at $19.35 with a heavy trading volume of 39695374 shares. It opened the trading session at $20.66, the shares rose to $20.85 and dropped to $19.085, the range by which the price of stock traded the whole day. The daily chart for MGM points out that the company has recorded -40.92% loss over the past six months. However, it is still -227.97% lower than its most recent low trading price.
If we look at the average trading volume of 32.10M shares, MGM reached to a volume of 39695374 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about MGM Resorts International [MGM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGM shares is $17.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGM stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for MGM Resorts International shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on June 10, 2020. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $34 to $15. The new note on the price target was released on May 21, 2020, representing the official price target for MGM Resorts International stock. Previously, the target price had yet another drop from $22 to $17, while Jefferies kept a Hold rating on MGM stock. On May 21, 2020, analysts increased their price target for MGM shares from 14 to 15.
The Average True Range (ATR) for MGM Resorts International is set at 1.71, with the Price to Sales ratio for MGM stock in the period of the last 12 months amounting to 0.74. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 13.11. Price to Free Cash Flow for MGM in the course of the last twelve months was 106.49 with Quick ratio for the last quarter at 2.90.
Trading performance analysis for MGM stock
MGM Resorts International [MGM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.28. With this latest performance, MGM shares gained by 39.71% in over the last four-week period, additionally sinking by -40.92% over the last 6 months – not to mention a drop of -29.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGM stock in for the last two-week period is set at 54.69, with the RSI for the last a single of trading hit 51.83, and the three-weeks RSI is set at 54.30 for MGM Resorts International [MGM]. The present Moving Average for the last 50 days of trading for this stock 16.17, while it was recorded at 19.26 for the last single week of trading, and 24.92 for the last 200 days.
MGM Resorts International [MGM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and MGM Resorts International [MGM] shares currently have an operating margin of +11.71 and a Gross Margin at +30.94. MGM Resorts International’s Net Margin is presently recorded at +15.86.
Return on Total Capital for MGM is now 5.59, given the latest momentum, and Return on Invested Capital for the company is 9.13. Return on Equity for this stock inclined to 28.74, with Return on Assets sitting at 6.17. When it comes to the capital structure of this company, MGM Resorts International [MGM] has a Total Debt to Total Equity ratio set at 202.01. Additionally, MGM Total Debt to Total Capital is recorded at 66.89, with Total Debt to Total Assets ending up at 44.26. Long-Term Debt to Equity for the company is recorded at 200.77, with the Long-Term Debt to Total Capital now at 66.48.
Reflecting on the efficiency of the workforce at the company, MGM Resorts International [MGM] managed to generate an average of $29,235 per employee. Receivables Turnover for the company is 12.52 with a Total Asset Turnover recorded at a value of 0.39.MGM Resorts International’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.
MGM Resorts International [MGM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, MGM Resorts International posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -68.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGM.
An analysis of insider ownership at MGM Resorts International [MGM]
There are presently around $7,290 million, or 77.50% of MGM stock, in the hands of institutional investors. The top three institutional holders of MGM stocks are: VANGUARD GROUP INC with ownership of 55,617,234, which is approximately 4.998% of the company’s market cap and around 0.60% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 37,443,549 shares of the stock with an approximate value of $728.28 million in MGM stocks shares; and BLACKROCK INC., currently with $620.68 million in MGM stock with ownership of nearly -0.246% of the company’s market capitalization.
Positions in MGM Resorts International stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 276 institutional holders increased their position in MGM Resorts International [NYSE:MGM] by around 56,810,847 shares. Additionally, 280 investors decreased positions by around 106,751,179 shares, while 42 investors held positions by with 211,259,645 shares. The mentioned changes placed institutional holdings at 374,821,671 shares, according to the latest SEC report filing. MGM stock had 99 new institutional investments in for a total of 24,813,868 shares, while 124 institutional investors sold positions of 22,999,718 shares during the same period.