MGM Resorts International’s Stock Price Soars to $37.98, Marking a Robust 3.35% Increase

MGM Resorts International (MGM)

37.98 USD +1.23 (+3.35%) Volume: 5.39M

MGM Resorts International’s stock price is currently standing at 37.98 USD, marking an impressive trading session uptick of +3.35%. Despite a year-to-date percentage change of -15.00%, the robust trading volume of 5.39M indicates a sustained interest in MGM’s stock performance among investors.

Latest developments on MGM Resorts International

Today, MGM Resorts International (NYSE:MGM) saw a mix of buying and selling activities from various entities. Empower Advisory Group LLC bought shares, while Amalgamated Bank sold some. Despite this, the stock outperformed competitors on a strong trading day, with Entropy Technologies LP purchasing a significant number of shares. Aigen Investment Management LP also invested a substantial amount in MGM Resorts International. American Assets Capital Advisers LLC joined in by purchasing shares as well. Analysts are divided on the future of Japan IRs, but the company has received an average rating of “Moderate Buy”. This activity has contributed to the rise in MGM Resorts International stock price today, although it still underperforms the market.

MGM Resorts International on Smartkarma

Analysts at Baptista Research have been closely monitoring MGM Resorts International on Smartkarma. In their report titled “MGM Resorts International: Focusing on High-Value Casino Operations To Redefine the Industry! – Major Drivers”, they highlighted the company’s strong performance in its Third Quarter 2024 Earnings Call. CEO Bill Hornbuckle and key executives reported record consolidated net revenues and impressive results from MGM China. Baptista Research aims to evaluate various factors influencing the company’s price and conduct an independent valuation using a Discounted Cash Flow (DCF) methodology.

In another report by Baptista Research, titled “MGM Resorts International: Potential Market Expansions to the UAE”, the analysts discussed the company’s robust performance in Q1 2024. With net revenues reaching $4.4 billion, a 13% increase from the previous year, MGM Resorts International demonstrated significant financial growth. The strong performance was attributed to the company’s diversified business model, including Las Vegas operations, regional properties, MGM China, and the progressing digital segment. This positive outlook indicates potential market expansions for MGM Resorts International in the UAE.

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

Looking at the Smartkarma Smart Scores for MGM Resorts International, the company has a strong outlook for growth with a score of 4. This indicates that MGM Resorts is expected to expand and increase its revenue in the long term. However, the company’s dividend score is low at 1, suggesting that it may not be a top choice for investors seeking regular income from dividends.

In terms of resilience, MGM Resorts International has a score of 2, indicating that the company may face some challenges in maintaining stability and weathering economic downturns. Despite this, MGM Resorts scores a 3 for both value and momentum, signaling that the company is reasonably priced and has positive market momentum. Overall, MGM Resorts International operates gaming, hospitality, and entertainment resorts with properties in various locations, making it a diverse player in the industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma