Mgm Resorts International Stock Today
| MGM Stock | USD 42.04 0.01 0.02% |
Performance0 of 100
| Odds Of DistressLess than 1
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MGM Resorts is selling at 42.04 as of the 18th of April 2024; that is 0.02 percent increase since the beginning of the trading day. The stock's lowest day price was 41.52. MGM Resorts has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for MGM Resorts International are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Consumer Services | IPO Date 12th of January 1990 | Category Consumer Cyclical | Classification Consumer Discretionary |
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada. MGM Resorts operates under Resorts Casinos classification in the United States and is traded on New York Stock Exchange. The company has 317.02 M outstanding shares of which 13.4 M shares are now shorted by investors with about 4.14 days to cover. More on MGM Resorts International
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Follow Valuation Options Odds of Bankruptcy
Financial Report 6th of May 2024
MGM Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MGM Resorts' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MGM Resorts or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, MGM Resorts' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to MGM Resorts' managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO President | William IV | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Hotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NYSE Composite, SP 500 Index, Hedge Favorites, Restaraunts Hotels Motels, Casinos, Consumer Discretionary, Hotels, Restaurants & Leisure, Resorts & Casinos, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Excise Tax Activities | Gambling | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering MGM Resorts report their recommendations after researching MGM Resorts' financial statements, talking to executives and customers, or listening in on MGM Resorts' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering MGM Resorts International. The MGM consensus assessment is calculated by taking the average forecast from all of the analysts covering MGM Resorts. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to MGM Resorts' liquidity, profitability, solvency, and operating efficiency, MGM Resorts International is performing exceptionally good at the present time. It has a great chance to report excellent financial results in May. Financial strength of MGM Resorts International is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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MGM Resorts' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MGM Resorts' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. MGM Resorts' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of MGM Resorts' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MGM Resorts' financial leverage. It provides some insight into what part of MGM Resorts' total assets is financed by creditors.
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MGM Resorts International (MGM) is traded on New York Stock Exchange in USA. It is located in 3600 Las Vegas Boulevard South, Las Vegas, NV, United States, 89109 and employs 58,000 people. MGM Resorts is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 13.54 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MGM Resorts's market, we take the total number of its shares issued and multiply it by MGM Resorts's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MGM Resorts International runs under Hotels, Restaurants & Leisure sector within Consumer Discretionary industry. The entity has 317.02 M outstanding shares of which 13.4 M shares are now shorted by investors with about 4.14 days to cover.
MGM Resorts International has about 5.91 B in cash with 2.69 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.79.
Check MGM Resorts Probability Of Bankruptcy
Ownership AllocationMGM Resorts International holds a total of 317.02 Million outstanding shares. Over half of MGM Resorts' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Therefore, these institutions are subject to different rules and regulations than regular investors in MGM Resorts International. Please watch out for any change in the institutional holdings of MGM Resorts International as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check MGM Ownership Details
MGM Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of MGM Resorts jumping above the current price in 90 days from now is about 86.6%. The MGM Resorts International probability density function shows the probability of MGM Resorts stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.1967. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MGM Resorts will likely underperform. Additionally, mGM Resorts International has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of MGM Resorts to move above the current price in 90 days from now is about 86.6 (This MGM Resorts International probability density function shows the probability of MGM Stock to fall within a particular range of prices over 90 days) .
MGM Stock Institutional Holders
Institutional Holdings refers to the ownership stake in MGM Resorts that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MGM Resorts' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MGM Resorts' value.| Instituion | Recorded On | Shares | |
| Fisher Asset Management, Llc | 2023-12-31 | 4.4 M | |
| Amvescap Plc. | 2023-12-31 | 3.8 M | |
| Bank Of America Corp | 2023-12-31 | 3.5 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 3.4 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 3.3 M | |
| Norges Bank | 2023-12-31 | 3.1 M | |
| Northern Trust Corp | 2023-12-31 | 2.6 M | |
| Southeastern Asset Management Inc | 2023-12-31 | 2.5 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 2.4 M | |
| Vanguard Group Inc | 2023-12-31 | 30.5 M | |
| Blackrock Inc | 2023-12-31 | 21.7 M |
MGM Resorts Historical Income Statement
MGM Resorts International Income Statement is one of the three primary financial statements used for reporting MGM's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MGM Resorts International revenue and expense. MGM Resorts Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, MGM Resorts' Cost Of Revenue is very stable compared to the past year. As of the 18th of April 2024, Total Operating Expenses is likely to grow to about 5.5 B, while EBITDA is likely to drop about 1.3 B. View More FundamentalsMGM Stock Against Markets
Picking the right benchmark for MGM Resorts stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MGM Resorts stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MGM Resorts is critical whether you are bullish or bearish towards MGM Resorts International at a given time. Please also check how MGM Resorts' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in MGM Resorts without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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MGM Resorts Corporate Directors
MGM Resorts corporate directors refer to members of a MGM Resorts board of directors. The board of directors generally takes responsibility for the MGM Resorts' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MGM Resorts' board members must vote for the resolution. The MGM Resorts board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Alexis Herman | Independent Director | Profile | |
| Janet Swartz | Independent Director | Profile | |
| Jan Swartz | Independent Director | Profile | |
| William Grounds | Director | Profile |
How to buy MGM Stock?
Before investing in MGM Resorts, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MGM Resorts. To buy MGM Resorts stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MGM Resorts. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MGM Resorts stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MGM Resorts International stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MGM Resorts International stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MGM Resorts International, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MGM Stock please use our How to Invest in MGM Resorts guide.
Already Invested in MGM Resorts International?
The danger of trading MGM Resorts International is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MGM Resorts is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MGM Resorts. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MGM Resorts International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MGM Resorts International information on this page should be used as a complementary analysis to other MGM Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for MGM Stock analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.
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Is MGM Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.342 | Earnings Share 3.19 | Revenue Per Share 45.414 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0225 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.