MGM Resorts International (NYSE: MGM) Could Be Viewed Differently By Investors Because Of These Numbers

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. Recently, Yahoo Finance discussed the stock, revealing that Tom Brady, Wayne Gretzky and Vince Vaughn Tease First-Ever BetMGM Big Game Commercial.

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Stocks Info

The company is listed on the NYSE and operates within the Resorts & Casinos industry segment. At the end of the last regular session, the stock closed at $44.71 and fluctuated between $44.73 as its day high and $43.62 as its day low. The current market capitalization of MGM Resorts International is $15.27B. A total of 5.09 million shares were traded on the day, compared to an average of 4.54M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MGM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 43 SELLs from insiders. Insiders purchased 763,960 shares during that period but sold 795,085.

In the most recent transaction, SANDERS COREY IAN sold 30,000 shares of MGM for 44.82 per share on Dec 14. After the transaction, the CHIEF OPERATING OFFICER now owns 227,674 company shares. In a previous transaction on Dec 14, McManus John sold 10,000 shares at 45.00 per share. MGM shares that CHIEF LEGAL ADMIN OFC AND SECY owns now total 63,695.

Among the insiders who sold shares, McManus John disposed of 10,000 shares on Dec 12 at a per-share price of $43.45. This resulted in the CHIEF LEGAL ADMIN OFC AND SECY holding 73,695 shares of MGM after the transaction. In another insider transaction, McManus John sold 10,000 shares at $46.59 per share on Aug 10. Company shares held by the CHIEF LEGAL ADMIN OFC AND SECY now total 32,283.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. 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.

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. According to analysts who have offered 12-month price targets for MGM in the last 3 months, the mean price target is $54.59 with high estimates of $66.50 and low estimates of $43.00. In terms of 52-week highs and lows, MGM has a high of $51.35 and a low of $34.12.

As of this writing, MGM has an earnings estimate of $0.71 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.54. The company reported an EPS of $0.59 in the last quarter, which was 9.30% higher than expectations of $0.54.

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 $24.87B in debt and $3.44B in liabilities at the time. Its Book Value Per Share was $11.63, 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 4.54.

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