MGM Resorts International Inc. (MGM) Price Performance: The Role of Share Buybacks and Stock Splits


The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -1.72%. However, over the past six months, we’ve seen a stronger performance of -4.36%. The price of MGM fallen by 7.91% over the last 30 days. And in the last five days, it has surged by 3.73%.

The market performance of MGM Resorts International’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $51.35 on 07/31/23, while the lowest value for the same duration was $34.12 on 10/27/23.

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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 -14.49% away from its 52-week high, while its distance from the 52-week low is 28.69%. 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 2.35 million for the day, a figure considerably lower than their average daily volume of 3.62 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

MGM Resorts International (MGM) has experienced a quarterly decline of -5.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.77B 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 42.36, with a change in price of +1.11. Similarly, MGM Resorts International recorded 3,487,268 in trading volume during the last 100 days, posting a change of +2.59%.

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 9.18. Similarly, the long-term debt-to-equity ratio is also 9.14.

MGM Stock Stochastic Average

As of today, MGM Resorts International’s raw stochastic average for the last 50 days stands at 88.55%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 86.69%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 84.41% and 80.13%, respectively.

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