Are Things Looking Up For MGM Resorts International (NYSE: MGM)?

After Hours

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.

Stocks Info

The company is listed on the NYSE and operates within the Resorts & Casinos industry segment. The current market capitalization of MGM Resorts International is $11.33B. A total of 6.06 million shares were traded on the day, compared to an average of 4.41M shares.

In the most recent transaction, Meister Keith A. sold 51,000 shares of MGM for 36.57 per share on Dec 13 ’24. After the transaction, the Director now owns 5,687,478 company shares. In a previous transaction on Dec 13 ’24, Corvex Management LP bought 51,000 shares at 36.60 per share.

Among the insiders who sold shares, Meister Keith A. disposed of 121,000 shares on Sep 13 ’24 at a per-share price of $36.72. This resulted in the Director holding 5,738,478 shares of MGM after the transaction. In another insider transaction, Corvex Management LP bought 121,000 shares at $34.97 per share on Sep 13 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MGM has a high of $48.24 and a low of $31.61.

As of this writing, MGM has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.34.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $10.27, while its Total Shareholder’s Equity was $11.12B.

Analysts Opinion

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. 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 4.56.

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