Stock To Watch: MGM Resorts International (NYSE:MGM)


The leading market experts have placed a mean price target of $29.67 on MGM Resorts International (NYSE:MGM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.16 a share for the upcoming quarter and $0.74 for the current fiscal.

Technical View

The technical analysis of MGM Resorts International Commo plainly substantiates that the 50-day moving average of MGM Resorts International Commo is $23.94, and stock is trading $-0.04 points away or -0.16% from its 50-day moving average of $23.94. Further it is trading $1.48 or +6.59% away its 200-day moving average of $22.42. MGM Resorts International (NYSE:MGM) 52-week high is $25.29 and the 52-week low is $16.18.

This explains if the stock moves $-1.39, it will post a 52-week high. In event of +47.71% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of MGM Resorts International Commo, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, MGM Resorts International (NYSE:MGM) ratio came in at N/A.

The stock last ended the trading session at $23.90 and registered a market cap of $13.52B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. MGM Resorts International (NYSE:MGM) PEG ratio is at 3.20.

1 Chart Pattern Every Investor Should Know

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