MGM Resorts International (NYSE:MGM) went down by -1.46% from its latest closing price when compared to the 1-year high value of $31.68 and move down -11.43%, while MGM stocks collected +1.75% of gains with the last five trading sessions.
MGM Resorts International (NYSE:MGM) Worth an Investment?
MGM Resorts International (NYSE: MGM) scored price to earnings ratio above its average ratio, recording 85.12 times of increase in earnings at the present.
MGM Market Performance
MGM stocks went up by 1.75% for the week, with the monthly drop of -2.03% and a quarterly performance of 12.11%, while its annual performance rate touched -2.34%. The simple moving average for the period of the last 20 days is -2.53% for MGM stocks with the simple moving average of 5.00% for the last 200 days.
Analysts’ Opinion on MGM Resorts International (NYSE:MGM)
Many brokerage firms have already submitted their reports for MGM stocks, with BofA/Merrill repeating the rating for MGM shares by setting it to “Neutral”. The predicted price for MGM socks in the upcoming period according to BofA/Merrill is $81 based on the research report published on August 2, 2019.
Susquehanna, on the other hand, stated in their research note that they expect to see MGM stock at the price of $23. The rating they have provided for MGM stocks is “Negative” according to the report published on July 24, 2019.
Morgan Stanley gave “ Equal-Weight” rating to MGM stocks, setting the target price at $23 in the report published on July 18, 2019.
MGM Stocks 0.44% Far from 50 Day Moving Average
After a stumble in the market that brought MGM to its low price for the period of the last 52 weeks, MGM Resorts International was unable to take a rebound, for now settling with -10.26% of loss for the given period.
The stock volatility was left at 2.40%, however, within the period of a single month, the volatility rate increased by 1.95%, while the shares sank at the distance of -3.23% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +14.54% upper at the present time.
In the course of the last 5 trading sessions, MGM went up by +1.75%, which changed the moving average for the period of 200 days to the total of +12.28% of gains for the stock in comparison to the 20-day moving average settled at $29.12. In addition, MGM Resorts International saw 17.19% in overturn over the period of a single year with a tendency to cut further gains.
MGM Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at MGM Resorts International (MGM), starting from Meister Keith A., who bought 45,094 shares at the price of $28.00 back on Jun 27. After this action, Rushing now owns 20,563,696 shares of MGM Resorts International, valued at $1,262,438 with the latest closing price.
Meister Keith A., the Director of MGM Resorts International, bought 164,042 shares at the value of $27.99 during a trade that took place back on Jun 26, which means that Meister Keith A. is holding 20,518,602 shares at the value of $4,590,994 based on the most recent closing price.
MGM Stock Fundamentals
The current profitability levels are settled at +11.31 for the present operating margin and +31.17 for gross margin. The net margin for MGM Resorts International stands at +3.79. Total capital return value is set at 5.29, while invested capital returns managed to touch 2.12. Equity return holds the value 2.70%, with 0.60% for asset returns.
Based on MGM Resorts International (MGM), the company’s capital structure generated 232.35 points for debt to equity in total, while total debt to capital is set at the value of 69.91. Total debt to assets is settled at the value of 48.75 with long-term debt to equity ratio rests at 231.69 and long-term debt to capital is 69.71.
EBITDA value lies at +685.06 M with total debt to EBITDA carrying the value of 6.03. The value for Enterprise to Sales is 2.31 with debt to enterprise value settled at 0.49. The receivables turnover for MGM Resorts International is 18.54 with the total asset turnover at the value of 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.