Is MGM Resorts International (NYSE: MGM) The Best Stock To Invest In?

After Hours

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Stocks Info

MGM Resorts International is listed on the NYSE in the Consumer Cyclical sector while operating in the Resorts & Casinos industry. The current market capitalization of MGM Resorts International is $11.31B. A total of 5.44 million shares were traded on the day, compared to an average of 4.42M shares.

In the most recent transaction, Meister Keith A. sold 121,000 shares of MGM for 36.72 per share on Sep 13 ’24. After the transaction, the Director now owns 5,738,478 company shares. In a previous transaction on Sep 13 ’24, Corvex Management LP bought 121,000 shares at 34.97 per share.

Among the insiders who bought shares, SALEM PAUL J acquired of 147,500 shares on Aug 05 ’24 at a per-share price of $33.80. This resulted in the Director holding 1,702,500 shares of MGM after the transaction. In another insider transaction, HORNBUCKLE WILLIAM bought 58,900 shares at $33.73 per share on Aug 05 ’24. Company shares held by the CEO AND PRESIDENT now total 377,112.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MGM has a high of $48.24 and a low of $33.44.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $10.89, while its Total Shareholder’s Equity was $11.12B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.67.

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