MGM Resorts International’s Stock Price Dips to $38.07, Marking a 4.37% Decline: Is it Time to Invest?

MGM Resorts International (MGM)

38.07 USD -1.74 (-4.37%) Volume: 5.88M

MGM Resorts International’s stock price currently stands at 38.07 USD, witnessing a decline of 4.37% this trading session, with a trading volume of 5.88M. Despite the session’s dip, the stock displays a positive year-to-date (YTD) change of 9.87%, showcasing its resilience and potential for growth.

Latest developments on MGM Resorts International

Following the release of MGM Resorts International‘s Q4 and full-year 2024 financial results, the company’s stock price has been making significant movements. Analysts at Citigroup have issued a positive forecast for MGM Resorts International stock, expecting it to rise. Wells Fargo & Company also predicts an increase in the stock price. Despite Empower Advisory Group LLC selling a large number of shares, Strategic Financial Concepts LLC has acquired a substantial amount. Additionally, Sumitomo Mitsui Trust Group Inc. has reduced its holdings. With MGM Resorts International targeting a revenue of $2.4B-$2.5B for BetMGM in 2025 and investors showing confidence in the company’s performance, the stock price is experiencing volatility with a bullish outlook.

MGM Resorts International on Smartkarma

Analysts at Baptista Research have provided insightful coverage on MGM Resorts International, highlighting the company’s strong performance in its Third Quarter 2024 Earnings Call. The report showcases both growth and challenges in the various business divisions of MGM Resorts International, with a focus on high-value casino operations. CEO Bill Hornbuckle and key executives have led the company to report record consolidated net revenues and impressive performance by its subsidiary, MGM China. Baptista Research aims to evaluate the different factors that could impact the company’s stock price in the near future, conducting an independent valuation using a Discounted Cash Flow (DCF) methodology.

A look at MGM Resorts International Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, MGM Resorts International shows a mixed outlook for the future. While the company scores well in terms of growth potential and momentum, with scores of 3 and 4 respectively, it lags behind in areas such as dividend yield and resilience, with scores of 1 and 2. This suggests that while MGM Resorts International may see growth and positive market momentum in the long term, investors should be cautious about potential risks and the company’s ability to weather economic downturns.

MGM Resorts International operates gaming, hospitality, and entertainment resorts in various locations around the world. With properties in Nevada, Mississippi, Michigan, Illinois, and Macau, the company offers a range of services including hospitality management for both casino and non-casino properties. While the company shows promise in terms of growth and market momentum, its lower scores in dividend yield and resilience indicate potential challenges that may impact its long-term performance.

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