MGM Resorts International (NYSE:MGM) shares, rose in value, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $28.76.
Actively observing the price movement in the recent trading, the stock is buoying the session at $28.46, falling within a range of $28.36 and $28.87. The value of beta (5-year monthly) is 1.964 whereas the PE ratio is 12.03 over 12-month period. Referring to stock’s 52-week performance, its high was $47.26, and the low was $25.30. On the whole, MGM has fluctuated by -12.04% over the past month.
With the market capitalization of MGM Resorts International currently standing at about $8.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 17.21B, with a low estimate of 4.19B and a high estimate of 4.43B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.29B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MGM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.50, with the price of MGM currently trading nearly -2.81% and -11.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.10, while the 7-day volatility ratio is showing 4.51% which for the 30-day chart, stands at 5.25%. Furthermore, MGM Resorts International (MGM)’s beta value is 1.76, and its average true range (ATR) is 1.57.
A comparison of MGM Resorts International (MGM) with its peers suggests the former has fared considerably weaker in the market. MGM showed an intraday change of 1.04% in today’s session so far, and over the past year, it shrunk by -32.66%%.
Data on historical trading for MGM Resorts International (NYSE:MGM) indicates that the trading volumes over the past 10 days have averaged 8.52 and over the past 3 months, they’ve averaged 5.93 million. According to company’s latest data on outstanding shares, there are 294.37 million shares outstanding.
Nearly 23.75% of MGM Resorts International’s shares belong to company insiders and institutional investors own 71.14% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.86 million shares as on 2025-03-31, resulting in a short ratio of 2.93. According to the data, the short interest in MGM Resorts International (MGM) stood at 796.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 17.24 million. The stock has fallen by -17.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MGM stock heading into the next quarter.
