The Best Way To Play MGM Resorts International (MGM) Right Now

SALEM PAUL J, Director, added 800,000 shares of MGM Resorts International (MGM) to its portfolio at the rate of $25.40 per share valuing $20,322,240 on May 08. The insider has now 800,000 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of MGM Resorts International (MGM) was $25.64. Currently, the 1st Resistance Point for this stock is $26.18, with a 2nd Resistance Point sitting at $26.73. Meanwhile, this company’s stock has a 1st Support Level at $24.57 and a 2nd Support Level at $23.50. MGM Resorts International (MGM) stock has gained $0.32, or 1.26%, in the past five days. In the last full month, these shares have lost -$0.35, or -1.35%. In the past three months, this stock’s price has fallen by -$1.20, or -4.47%. This year-to-date, MGM Resorts International (MGM) shares have gained $1.38, or 5.69%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For MGM Resorts International (MGM) stock, 0% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 75% of medium-term indicators point to this stock being a “ Sell .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Sell .”

With 537,201 K shares outstanding, this company currently has a market capitalization of $13,773,833K. MGM Resorts International (MGM) generates $11,763 M in annual sales, amounting to annual net income of $445,450 K. This stock has generated a 1-Year Total Return of -18.71%, a 3-Year Total Return of 4.44%, and a 5-year Total Return of 2.97%. This stock’s 5-Year Dividend Growth is 0.00%, with its most recent dividend valued at $0.130 per share on 03/07/19. Its Annual Dividend Yield is 2.18%, and its Annual Dividend Rate is 0.52.

In the most recently-reported fiscal quarter, which ended in Mar-19, MGM Resorts International (MGM) reported earnings of $0.05 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.21 per share, representing a -0.16 difference and 75.98% surprise. In the previous quarter ending in Dec-18, the reported earnings of -$0.06 represented a -0.16 difference from the consensus estimate calling for $0.10 per share, which was a 157.69% surprise.

For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.25 per share. This estimate came from a total of 7 Wall Street Analysts. Of those market experts, the high estimate was $0.30 and the low estimate was $0.20. In the year-ago quarter, MGM Resorts International (MGM) generated per-share earnings of $0.26. If the analysts are correct about the current quarter’s earnings, the growth will be -3.85% .

Turning our focus now to insider trading activity, there have been 7 purchases (822,901 shares in total) and 0 sale (0 shares in total) in the last 3 months. In the last 6 months, there have been 8 insider buys amounting to 1,441,360 shares and 1 insider sales amounting to 618,459 shares. In the past full year, 57 insider purchases were made (involving 2,622,151 shares) and 56 insider sell-offs equivalent to 1,296,386 shares.

Moving onto liquidity, MGM Resorts International (MGM) has a Current Ratio of 0.86, a Quick Ratio of 0.82 and a Cash Ratio of 0.52. Looking at this company’s capital structure, its Total Debt to Total Equity is 232.35, its Total Debt to Total Capital is 69.91, and its Total Debt to Total Assets is now 48.75. Looking even further ahead into the future, its Long-Term Debt to Equity is 231.69 and its Long-Term Debt to Total Capital is 69.71.