Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. MGM Resorts International’s current trading price is -11.22% away from its 52-week high, while its distance from the 52-week low is 55.87%. The stock’s price range during this period has varied between $26.41 and $46.37. The company, active in the Consumer Cyclical sector, saw a trading volume of around 1.96 million for the day, considerably lower average daily volume of 4.38 million observed over the last three months.
MGM Resorts International (MGM) has a current stock price of $41.17. During the previous trading session, the stock witnessed a notable rise, reaching a high of $42.865 after opening at $42.53. The stock’s low for the day was $42.24, and it eventually closed at $42.33.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
The stock market performance of MGM Resorts International has been very steady. Over the last year, the company’s stock hit its highest at $46.37 on 05/01/23, while the lowest price during the same time frame was $26.41, recorded on 06/23/22.
How Financial Performance Impacts Market Capitalization
MGM Resorts International (MGM) has experienced a quarterly decline of -4.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.57B and boasts a workforce of 46000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 42.07, with a change in price of +8.92. Similarly, MGM Resorts International recorded 4,231,754 in trading volume during the last 100 days, posting a change of +27.51%.
How MGM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MGM stands at 1.45. Similarly, the long-term debt-to-equity ratio is also 1.43.
MGM Stock Stochastic Average
As of today, the raw stochastic average of MGM Resorts International over the past 50 days is 23.02%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 5.02%. Additionally, the Stochastic %K and %D values for the company were 18.34% and 24.74%, respectively, over the past 20 days.
MGM Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 22.77% this year. Over the last six months, there has been a weaker performance of 12.04%. The price of MGM leaped by -8.01% during the last 30 days period. For the last 5-days stocks have improved 0.04%.