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MGM Resorts International (MGM) Stock: A Year of Market Fluctuations

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.

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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%.

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