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. Until today this year the stock’s price performance recorded an increase of 2.64%. However, over the last six months, the performance has been weaker by 28.39%. The price of MGM increased 9.22% over the last 30 days. And in the last five days, it has fallen by -1.59%.
MGM Resorts International saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $51.35 on 07/31/23, while the lowest price for the same duration was marked at $34.12 on 10/27/23.
52-week price history of MGM Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. MGM Resorts International’s current trading price is -10.69% away from its 52-week high, while its distance from the 52-week low is 34.41%. The stock’s price range during this period has varied between$34.12 and $51.35. The MGM Resorts International’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 2.7 million for the day, a figure considerably lower than their average daily volume of 4.03 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
MGM Resorts International (MGM) has experienced a quarterly rise of 3.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.54B and boasts a workforce of 45000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 43.09, with a change in price of +7.21. Similarly, MGM Resorts International recorded 4,207,016 in trading volume during the last 100 days, posting a change of +18.65%.
MGM’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MGM stands at 8.30. Similarly, the long-term debt-to-equity ratio is also 8.28.
MGM Stock Stochastic Average
MGM Resorts International’s raw stochastic average for the past 50 days is presently 65.90%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 60.41%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 70.23% and 79.58%, respectively.
