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Mgm Resorts International (NYSE:MGM)
Stock Analysis

MGM42.82
▲ 2.46%1.03

Stock Analysis

The following stock analysis is based on 10.3 years of data (i.e. since Nov 20, 2012). All the stock history has been downloaded.

Stock Exchange

Mgm Resorts International trades on the NYSE exchange in USD dollars.

Sector

It is in the sector.

Current Status of Mgm Resorts International

It is currently trading at $42.82 ($41.79 the previous day).It pays a 0.02% dividend.

Financials

The next reporting date is in 40 days (2023 05 01).

CNN estimates profits for the upcoming quarter will be $0.02 per share ($3.5B). The current Canada / US exchange rate is 1.37221.



Over the past 12 months, $43351346 worth of shares have been purchased and $19168132 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 3.6% per year assuming steady exponential growth. The actual 5 year average is 6.08. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year35.369043243243-14.9- Below Average
2 year41.58606666666773.6+ Above Average
3 year23.956634285714-14.2- Below Average
4 year27.920329341317-3.1- Below Average
5 year28.802977099237-11- Below Average
Mgm Resorts International is projected by analysts to get to $55.00 within the next 12 months (28.4%), but preticted targets range from as high as $68.00 (58.8%) and as low as $45(5.1%).

Risk

The worst drop it has had in recent years is -77.8%. It has a shape to the stock curve, which means

Stock shape test

DAYS AG0PRICE
1045.395DROPPING
3044.2RISING
6038.97RISING
15030.64RISING
36542.17DROPPING
80031.29RISING
120031.95DROPPING
160027.9RISING
200032.46DROPPING


With an average increase of 3.6% year over year, if Mgm Resorts International is bought at the worst time, Stockmarketizer analysts estimate it will take 259.3 months before the stock will recover to the original purchase price. The P/E value is 12.2.

Tradingview BuySell Widget

Yahoo News Feed

Ennismore founder accused of ‘sabotage’ in rival hotel deal

Tue, 21 Mar 2023 05:00:30 Sydell Group sues hotel company and founder Sharan Pasricha for allegedly interfering in sale of billionaire Ron Burkle’s stake... Read Full Article

13 Best Consumer Discretionary Stocks To Buy

Mon, 20 Mar 2023 18:33:02 In this article, we discuss 13 best consumer discretionary stocks to buy. If you want to see more stocks in this selection, check out 5 Best Consumer Discretionary Stocks To Buy. If inflation persists or the US economy enters a recession, consumers ...... Read Full Article

MGM Shares Surprising Las Vegas Strip News

Sat, 18 Mar 2023 19:29:00 Two of the resort casino operator's executives spoke at a recent event where they talked about Las Vegas's covid comeback.... Read Full Article

MGM to renovate, rename Water Club hotel in Atlantic City

Wed, 15 Mar 2023 21:28:51 The owners of Atlantic City's top-performing casino are renovating and renaming its stand-alone non-casino hotel. MGM Resorts International said Tuesday it is spending $55 million to renovate and rename the Water Club hotel next to the Borgata casino hotel. It will ...... Read Full Article

Which Casino Stock Could Fetch the Most Attractive Returns?

Tue, 14 Mar 2023 19:10:37 The Covid-19 pandemic crushed travel and casino companies. However, pent-up demand following the reopening of the economy boosted travel and helped drive business to major casinos. Despite growing fears of an impending recession, several Wall Street analysts are optimistic about ...... Read Full Article

BORGATA HOTEL CASINO and SPA ANNOUNCES $55 MILLION TOWER REMODEL

Tue, 14 Mar 2023 13:00:00 As Borgata Hotel Casino and Spa prepares to celebrate its 20th anniversary, the resort is embarking on a $55 million redesign and rebranding of The Water Club to deliver one of the city's premier luxury resort experiences. Renamed the MGM Tower, ...... Read Full Article

Major Las Vegas Strip Star Headliner Plans Return Engagement

Mon, 13 Mar 2023 23:58:00 One of music's superstar performers has reportedly committed to returning to the Strip later this year.... Read Full Article

MGM Resorts' (MGM) BetMGM Mobile App Debuts in Massachusetts

Mon, 13 Mar 2023 16:04:04 MGM Resorts' (MGM) BetMGM launches its sports betting mobile app in Massachusetts.... Read Full Article

Better Buy: MGM Resorts or Caesars Entertainment Stock?

Mon, 13 Mar 2023 12:42:00 Thanks to a growing experience-driven economy, as well as the proliferation of gambling worldwide, the global casino market has produced some record-breaking revenue numbers lately. And that's likely to continue.... Read Full Article

Las Vegas Strip Sees Once-Beloved Dining Choice Disappear

Sun, 12 Mar 2023 13:00:00 Like showgirls, a type of dining that was once synonymous with Sin City seems to be becoming a thing of the past.... Read Full Article

MGM (MGM) Down 2.1% Since Last Earnings Report: Can It Rebound?

Fri, 10 Mar 2023 16:30:04 MGM (MGM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.... Read Full Article

BetMGM Launches Mobile Sports Betting in Massachusetts

Fri, 10 Mar 2023 15:05:00 BetMGM, a leading sports betting and iGaming operator, launched its mobile app in Massachusetts today, giving customers access to a variety of online betting options and benefits tied to MGM Resorts' premier destinations nationwide, including MGM Springfield.... Read Full Article

MGM Resorts International Executives to Speak at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum

Thu, 09 Mar 2023 21:05:00 MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Tuesday, March 14, 2023. MGM Resorts COO Corey Sanders and SVP of Corporate Finance Sarah Rogers ...... Read Full Article

BetMGM Announces Launch of Wheel of Fortune Online Casino

Wed, 08 Mar 2023 20:00:00 BetMGM, a leading iGaming and sports betting operator, announced today the launch of Wheel of Fortune Online Casino. In collaboration with IGT (NYSE: IGT), Wheel of Fortune is the first brand-led online casino in North America. Now live in New ...... Read Full Article

MGM Resorts (MGM) BetMGM Collaborates With Boston Red Sox

Wed, 08 Mar 2023 16:55:04 MGM Resorts' (MGM) BetMGM turns sports betting partner for Boston Red Sox. The partnership emphasizes on the integration of GameSense and co-branded digital content.... Read Full Article

3 Reasons to Bet on MGM Resorts Stock

Wed, 08 Mar 2023 14:30:00 Up by an impressive 38% year to date, MGM Resorts International (NYSE: MGM) stock has performed well so far in 2023. The large-cap hotel and casino operator is riding high on the success of its Las Vegas properties, which have already far ...... Read Full Article

Better Buy: MGM Resorts or Las Vegas Sands Stock?

Wed, 08 Mar 2023 10:18:00 With Macao reopened after COVID-19 restrictions were lifted, the gambling industry there expects an estimated $16 billion in 2023 revenue. Today, I'll highlight two American companies with exposure to the Asian gaming market and determine which of these casino stocks is the ...... Read Full Article

Las Vegas Strip Casinos Face New Pressure to Ban Smoking

Tue, 07 Mar 2023 14:56:00 Caesars, MGM, and other major resort casino operators are not on the same page as the majority of their employees.... Read Full Article

BETMGM NAMED AN OFFICIAL SPORTS BETTING PARTNER OF BOSTON RED SOX

Tue, 07 Mar 2023 14:30:00 BetMGM, a leading sports betting and iGaming operator, announced today it is now an Official Sports Betting Partner of the Boston Red Sox. This marks BetMGM's first relationship with a Massachusetts sports team and the first sports betting partnership for ...... Read Full Article

Sports betting: '2024 is going to be enormous for us,' BetMGM CEO says

Mon, 06 Mar 2023 23:02:39 BetMGM (MGM) is set to benefit from the live sports boom in Las Vegas. The digital arm of the casino operator MGM International is often used as a way to funnel online sports gamblers into MGM’s brick and mortar ...... Read Full Article
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