MGM Resorts International (NYSE:MGM) shares traded -0.25% lower at $31.65 on Wall Street last session.
MGM stock price is now 1.67% away from the 50-day moving average and -9.75% away from the 200-day moving average. The market capitalization of the company currently stands at $8.61B.
With the price target maintained at $50, Argus recently Upgraded its rating from Hold to Buy for MGM Resorts International (NYSE: MGM). , while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, SANDERS COREY IAN, CHIEF OPERATING OFFICER sold 40,000 shares of the company’s stock on May 12 ’25. The stock was sold for $1,377,048 at an average price of $34.43. Upon completion of the transaction, the CHIEF OPERATING OFFICER now directly owns 281,530 shares in the company, valued at $8.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’25, Director TAYLOR DANIEL J sold 5,261 shares of the business’s stock. A total of $183,767 was realized by selling the stock at an average price of $34.93. A total of 23.71% of the company’s stock is owned by insiders.
During the past 12 months, MGM Resorts International has had a low of $25.30 and a high of $47.26. As of last week, the company has a debt-to-equity ratio of 11.17, a current ratio of 1.31, and a quick ratio of 1.26.
The net profit margin was 3.94% and return on equity was 21.38% for MGM. The company reported revenue of $4.28 billion for the quarter, compared to $4.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.43 percent. For the current quarter, analysts expect MGM to generate $4.28B in revenue.
