MGM Resorts International (MGM): The Good And The Bad

Wall Street analysts will be watching closely when MGM Resorts International (NYSE:MGM) reports its quarterly earnings next, which is scheduled for Mon 29 Apr (In 13 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.31 per share. In the preceding quarter, the company reportedly generated EPS of -$0.06 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 12.50%, a profit margin of 3.80% and a gross margin of 41.20%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of MGM Resorts International (NYSE:MGM). Most recently, on March 20th, 2019, Credit Suisse Resumed a Neutral rating. Before that, on November 15th, 2018, Bernstein Initiated to Mkt Perform. Telsey Advisory Group Reiterated a Market Perform rating on August 3rd, 2018, Stifel Reiterated an Hold rating on August 3rd, 2018, and Goldman Downgrade a Neutral rating on June 26th, 2018.

At its current price point, combined with the fact that this company has 531.24M shares outstanding, the current market capitalization sits at 14.58B. In the last trading day, 9,284,153 shares of MGM Resorts International were traded, which compares to its usual volume of about 7.36M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.96 in the past five trading days, resulting in a percentage change of +3.63% and a moving average of 27.13. In the past 20 days, its price changed by $0.87 (which is +3.27%) and the stock’s moving average was 26.58. Looking back a full 50 days, shares of MGM changed by -$2.11 (which is -7.14%) and demonstrated a moving average of 27.19.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 79.29%, a 14-day Stochastic %K score of 90.67% and a 20-day Stochastic %K score of 90.80%. Using a similar metric, MGM Resorts International (MGM) shares showed a Stochastic %D of 70.89% over the past 9 days, a Stochastic %D score of 84.15% over the last 14 days, and a 20-day Stochastic %D of 84.19%. Meanwhile, this stock’s MACD Oscillator was 0.21 over the past 9 days, 0.52 over the past two weeks, and 0.78 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $27.44 level. Over the past 12 months, this stock has experienced a high price of $36.80 and a low of $21.61. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from MGM Resorts International (NYSE:MGM) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 50,423,985 shares of the company’s stock following the addition of 166,306 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 9.39% stake in MGM Resorts International (MGM)’s shares.

Just in the most recent trading day, MGM Resorts International (NYSE:MGM) experienced a high price of $27.59 and low point of $27.22. At the end of the last trading session, this stock was at 27.44 per share, following a loss of -$27.28, or 0.59% during the full day.