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MGM Resorts International (MGM) Stock: A Year of Highs and Lows in the Market

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. MGM Resorts International’s current trading price is -24.07% away from its 52-week high, while its distance from the 52-week low is 33.53%. The stock’s price range for this period has been between $29.20 and $51.35 The company’s shares, which are part of the Consumer Cyclical sector, had a trading volume of approximately 3.1 million for the day, a number notably lower than the average daily volume of 4.54 million over the last three months.

The present stock price for MGM Resorts International (MGM) is $38.99. In the last trading session, the stock made a considerable jump, reaching $41.16 after an opening price of $40.95. The stock briefly fell to $40.20 before ending the session at $40.29.

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MGM Resorts International experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $51.35 on 07/31/23, while the lowest price for the same period was registered at $29.20 on 10/03/22.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

MGM Resorts International (MGM) has experienced a quarterly decline of -9.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.85B and boasts a workforce of 46000 employees.

MGM Resorts International: What Analysts Are Saying

As of right now, 10 analysts are rating MGM Resorts International as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 43.92, with a change in price of -3.57. Similarly, MGM Resorts International recorded 4,638,365 in trading volume during the last 100 days, posting a change of -8.43%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MGM stands at 1.55. Similarly, the long-term debt-to-equity ratio is also 1.53.

MGM Stock Stochastic Average

MGM Resorts International’s raw stochastic average for the past 50 days is presently 2.86%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 5.82%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 3.93% and 5.61%, respectively.

MGM Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 16.28% this year. Over the last six months, there has been a stronger performance of -6.70%. The price of MGM leaped by -8.35% during the last 30 days period. For the last 5-days stocks have slided -7.14%.

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