Market cap of MGM Resorts International [MGM] reaches 15.38B – now what?

MGM Resorts International [NYSE: MGM] gained 1.04% on the last trading session, reaching $43.58 price per share at the time. The company report on August 28, 2023 at 10:00 PM that Culinary Masters, an RR1 Signature Event, Premieres in Asia at MGM COTAI with Multiple Michelin-star-studded Chefs, Led by Celebrity Chef Massimo Bottura.

The signature Robb Report event, featuring an all-star line-up of world-renowned, award-winning chefs, came to Macau for the first time, co-presented by Robb Report Hong Kong and MGM.

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On August 10-13, 2023, the grand premiere of Robb Report Hong Kong’s Culinary Masters in Macau, in partnership with MGM, took place at MGM COTAI, making history as the very first RR1 signature event was held in Asia. RR1 members, VIP guests, and a coalition of some of the finest chefs in the world gathered in Macau for a celebration of gastronomy, fine wines and spirits, art, and culture.

MGM Resorts International represents 361.05 million in outstanding shares, while the company has a total market value of $15.38 billion with the latest information. MGM stock price has been found in the range of $42.82 to $43.6525.

If compared to the average trading volume of 4.61M shares, MGM reached a trading volume of 3310109 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 $57.32 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 2.10. 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.

Morgan Stanley have made an estimate for MGM Resorts International shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on July 14, 2023.

The Average True Range (ATR) for MGM Resorts International is set at 1.16, with the Price to Sales ratio for MGM stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 3.56, with the Price to Cash per share for the same quarter was set at 10.89. Price to Free Cash Flow for MGM in the course of the last twelve months was 12.60 with Quick ratio for the last quarter at 2.00.

Trading performance analysis for MGM stock

MGM Resorts International [MGM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.20. With this latest performance, MGM shares dropped by -14.16% in over the last four-week period, additionally plugging by 1.33% over the last 6 months – not to mention a rise of 29.78% 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 43.50, with the RSI for the last a single of trading hit 45.37, and the three-weeks RSI is set at 44.77 for MGM Resorts International [MGM]. The present Moving Average for the last 50 days of trading for this stock 45.54, while it was recorded at 42.87 for the last single week of trading, and 41.86 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 -13.07 and a Gross Margin at +22.80. MGM Resorts International’s Net Margin is presently recorded at +10.98.

Return on Total Capital for MGM is now -4.55, given the latest momentum, and Return on Invested Capital for the company is 4.29. Return on Equity for this stock inclined to 26.44, with Return on Assets sitting at 3.01. When it comes to the capital structure of this company, MGM Resorts International [MGM] has a Total Debt to Total Equity ratio set at 705.43. Additionally, MGM Total Debt to Total Capital is recorded at 87.58, with Total Debt to Total Assets ending up at 65.95. Long-Term Debt to Equity for the company is recorded at 676.19, with the Long-Term Debt to Total Capital now at 83.95.

Reflecting on the efficiency of the workforce at the company, MGM Resorts International [MGM] managed to generate an average of $31,331 per employee. Receivables Turnover for the company is 14.73 with a Total Asset Turnover recorded at a value of 0.27.MGM Resorts International’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

An analysis of Institutional ownership at MGM Resorts International [MGM]

The top three institutional holders of MGM stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in MGM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in MGM stock with ownership which is approximately 5.7381%.

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