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 -17.05% away from its 52-week high, while its distance from the 52-week low is 19.68%. The stock’s price range during this period has varied between $33.44 and $48.24. The company, active in the Consumer Cyclical sector, saw a trading volume of around 3.25 million for the day, considerably lower average daily volume of 4.76 million observed over the last three months.
MGM Resorts International’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $48.24 on 04/01/24, and the lowest price during that time was $33.44, recorded on 08/05/24.
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How Financial Performance Impacts Market Capitalization
MGM Resorts International (MGM) has experienced a quarterly decline of -8.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.16B and boasts a workforce of 45000 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 39.93, with a change in price of -1.56. Similarly, MGM Resorts International recorded 4,353,453 in trading volume during the last 100 days, posting a change of -3.75%.
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 9.88. Similarly, the long-term debt-to-equity ratio is also 9.84.
MGM Stock Stochastic Average
As of today, the raw stochastic average of MGM Resorts International over the past 50 days is 62.09%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 77.94%. Additionally, the Stochastic %K and %D values for the company were 90.03% and 92.92%, respectively, over the past 20 days.
MGM Stock Price Performance Analysis
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 -10.43%. However, over the past six months, we’ve seen a stronger performance of -13.77%. The price of MGM fallen by 14.44% over the last 30 days. And in the last five days, it has surged by 3.63%.
