The price of MGM Resorts International (NYSE:MGM) shares last traded on Wall Street fell -3.62% to $31.64.
MGM stock price is now -8.06% away from the 50-day moving average and -16.85% away from the 200-day moving average. The market capitalization of the company currently stands at $9.03B.
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, Meinert Todd, SVP & Chief Accounting Officer sold 6,000 shares of the company’s stock on Feb 19 ’25. The stock was sold for $227,041 at an average price of $37.84. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 18,301 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Director Meister Keith A. sold 51,000 shares of the business’s stock. A total of $1,865,070 was realized by selling the stock at an average price of $36.57. This leaves the insider owning 5,687,478 shares of the company worth $179.95 million. A total of 22.78% of the company’s stock is owned by insiders.
During the past 12 months, MGM Resorts International has had a low of $31.60 and a high of $48.24. As of last week, the company has a debt-to-equity ratio of 10.54, a current ratio of 1.30, and a quick ratio of 1.26.
The net profit margin was 4.31% and return on equity was 21.76% for MGM. The company reported revenue of $4.35 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 -0.66 percent.
