While MGM Resorts International has overperformed by 0.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MGM fell by -22.53%, with highs and lows ranging from $48.24 to $31.61, whereas the simple moving average fell by -10.65% in the last 200 days.
On February 03, 2025, BTIG Research Downgraded MGM Resorts International (NYSE: MGM) to Neutral. A report published by BTIG Research on July 03, 2024, Initiated its previous ‘Buy’ rating for MGM. Susquehanna also Upgraded MGM shares as ‘Positive’, setting a target price of $54 on the company’s shares in a report dated May 02, 2024. Seaport Research Partners Initiated an Buy rating on April 15, 2024, and assigned a price target of $56. Mizuho initiated its ‘Buy’ rating for MGM, as published in its report on March 26, 2024. HSBC Securities’s report from October 23, 2023 suggests a price prediction of $49 for MGM shares, giving the stock a ‘Buy’ rating. CapitalOne also rated the stock as ‘Overweight’.
Analysis of MGM Resorts International (MGM)
Further, the quarter-over-quarter increase in sales is 5.28%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of MGM Resorts International’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 25.08% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.21, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and MGM is recording an average volume of 4.16M. On a monthly basis, the volatility of the stock is set at 2.48%, whereas on a weekly basis, it is put at 2.58%, with a loss of -0.20% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.29, showing growth from the present price of $34.48, which can serve as yet another indication of whether MGM is worth investing in or should be passed over.
How Do You Analyze MGM Resorts International Shares?
MGM Resorts International (MGM) is based in the USA and is one of the most prominent companies operating in the Resorts & Casinos market. When comparing MGM Resorts International shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.33, there is a growth in quarterly earnings of 32.53%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.75%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MGM shares are owned by institutional investors to the tune of 68.89% at present.
