Analysts Point To MGM Resorts International (NYSE: MGM) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, MGM falls under the Consumer Cyclical sector while operating within the Resorts & Casinos industry segment. The current market capitalization of MGM Resorts International is $13.31B. A total of 3.31 million shares were traded on the day, compared to an average of 3.61M shares.

In the most recent transaction, Meister Keith A. sold 139,300 shares of MGM for 40.44 per share on Jun 13 ’24. After the transaction, the Director now owns 5,859,478 company shares. In a previous transaction on May 21 ’24, TAYLOR DANIEL J sold 4,344 shares at 41.02 per share. MGM shares that Director owns now total 0.

Among the insiders who sold shares, JAMMET MARY CHRIS disposed of 4,344 shares on May 20 ’24 at a per-share price of $41.11. This resulted in the Director holding 5,250 shares of MGM after the transaction. In another insider transaction, HERMAN ALEXIS sold 4,344 shares at $41.50 per share on May 17 ’24. Company shares held by the Director now total 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. MGM’s most recent ex-dividend date was 12/8/2022 when it declared a $0.0025 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/15/2022 with an ex-dividend date of 9/8/2022. The MGM stock dividend was $0.0025 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, MGM has a high of $51.35 and a low of $34.12.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MGM’s latest balance sheet shows that the firm has $4.70B in Cash & Short Term Investments as of fiscal 2021. There were $24.69B in debt and $3.44B in liabilities at the time. Its Book Value Per Share was $10.98, while its Total Shareholder’s Equity was $11.12B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGM is Buy with a score of 4.76.

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