In recent trading session, MGM Resorts International (NYSE:MGM) saw 0.87 million shares changing hands at last check today with its beta currently measuring 1.81. Company’s recent per share price level of $34.00 trading at -$0.95 or -2.73% at last check today assigns it a market valuation of $9.25B. That most recent trading price of MGM’s stock is at a discount of -39.0% from its 52-week high price of $47.26 and is indicating a premium of 25.59% from its 52-week low price of $25.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.59 million shares which gives us an average trading volume of 5.95 million if we extend that period to 3-months.
For MGM Resorts International (MGM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.57. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
MGM Resorts International (NYSE:MGM) trade information
Upright in the red during last session for losing -2.73%, in the last five days MGM remained trading in the green while hitting it’s week-highest on Tuesday, 05/13/25 when the stock touched $34.00 price level, adding 3.13% to its value on the day. MGM Resorts International’s shares saw a change of -1.89% in year-to-date performance and have moved 5.54% in past 5-day. MGM Resorts International (NYSE:MGM) showed a performance of 14.43% in past 30-days. Number of shares sold short was 19.14 million shares which calculate 2.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a rise of 24.44% to its recent value today. Analysts have been projecting 39 as a low price target for the stock while placing it at a high target of 50. It follows that stock’s current price would drop -14.71% in reaching the projected high whereas dropping to the targeted low would mean a loss of -14.71% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -9.17% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -16.28% while estimates for its earnings growth in next 5 years are of 4.60%.
MGM Resorts International (NYSE:MGM)’s Major holders
Insiders are in possession of 24.89% of company’s total shares while institution are holding 71.01 percent of that, with stock having share float percentage of 94.53%. Investors also watch the number of corporate investors in a company very closely, which is 71.01% institutions for MGM Resorts International that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MGM for having 27.95 million shares of worth $1.24 billion. And as of 2024-06-30, it was holding 8.9821 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 21.56 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.9287 of outstanding shares, having a total worth of $958.15 million.
On the other hand, DAVIS NEW YORK VENTURE FUND INC-Davis New York Venture Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jan 31, 2025 , the former fund manager was holding 7.11 shares of worth $241.41 million or 2.61% of the total outstanding shares. The later fund manager was in possession of 6.58 shares on Dec 31, 2024 , making its stake of worth around $223.58 million in the company or a holder of 2.42% of company’s stock.
