Mgm Resorts International Stock Price on December 31, 2022
| MGM Stock | USD 38.34 0.97 2.60% |
Below is the normalized historical share price chart for MGM Resorts International extending back to May 02, 1988. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of MGM Resorts stands at 38.34, as last reported on the 1st of December, with the highest price reaching 38.46 and the lowest price hitting 37.46 during the day.
If you're considering investing in MGM Stock, it is important to understand the factors that can impact its price. As of now, MGM Stock is very steady. MGM Resorts International has Sharpe Ratio of 0.0511, which conveys that the firm had a 0.0511% return per unit of volatility over the last 3 months. We have found thirty technical indicators for MGM Resorts, which you can use to evaluate the volatility of the firm. Please verify MGM Resorts' mean deviation of 1.49, and Risk Adjusted Performance of 0.0331 to check out if the risk estimate we provide is consistent with the expected return of 0.11%.
At this time, MGM Resorts' Common Stock Shares Outstanding is very stable compared to the past year. As of the 1st of December 2024, Liabilities And Stockholders Equity is likely to grow to about 44.5 B, while Other Stockholder Equity is likely to drop about 36.6 M. . At this time, MGM Resorts' Price Book Value Ratio is very stable compared to the past year. As of the 1st of December 2024, Price To Operating Cash Flows Ratio is likely to grow to 9.09, while Price Earnings Ratio is likely to drop 6.97. MGM Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of January 1990 | 200 Day MA 40.672 | 50 Day MA 38.7034 | Beta 2.241 |
MGM |
Sharpe Ratio = 0.0511
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Estimated Market Risk
| 2.13 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average MGM Resorts is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MGM Resorts by adding it to a well-diversified portfolio.
Price Book 3.532 | Enterprise Value Ebitda 16.1854 | Price Sales 0.6628 | Shares Float 229.8 M | Wall Street Target Price 50.1777 |
MGM Resorts Valuation on December 31, 2022
It is possible to determine the worth of MGM Resorts on a given historical date. On December 31, 2022 MGM was worth 32.74 at the beginning of the trading date compared to the closed value of 33.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MGM Resorts stock. Still, in general, we apply an absolute valuation method to find MGM Resorts' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MGM Resorts where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MGM Resorts' related companies.
| Open | High | Low | Close | Volume | |
| 32.72 | 33.64 | 32.55 | 33.26 | 3,680,811 | |
12/30/2022 | 32.74 | 33.53 | 32.62 | 33.53 | 2,793,924 |
| 33.93 | 34.42 | 33.23 | 33.28 | 3,642,700 |
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MGM Resorts Trading Date Momentum on December 31, 2022
| On January 03 2023 MGM Resorts International was traded for 33.28 at the closing time. Highest MGM Resorts's price during the trading hours was 34.42 and the lowest price during the day was 33.23 . The net volume was 3.6 M. The overall trading history on the 3rd of January contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.75% . The trading delta at closing time to current price is 12.08% . |
MGM Resorts International Fundamentals Correlations and Trends
By evaluating MGM Resorts' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MGM Resorts' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MGM financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MGM Resorts Stock history
MGM Resorts investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MGM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MGM Resorts International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MGM Resorts stock prices may prove useful in developing a viable investing in MGM Resorts
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 358.6 M | 370.4 M | |
| Net Income Applicable To Common Shares | 1.7 B | 1.8 B |
MGM Resorts Quarterly Net Working Capital |
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MGM Resorts Stock Technical Analysis
MGM Resorts technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
MGM Resorts Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
MGM Resorts International cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
MGM Resorts December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how MGM Resorts stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MGM Resorts shares will generate the highest return on investment. By undertsting and applying MGM Resorts stock market strength indicators, traders can identify MGM Resorts International entry and exit signals to maximize returns
MGM Resorts Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MGM Resorts' price direction in advance. Along with the technical and fundamental analysis of MGM Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MGM to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0488 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.326 | Earnings Share 2.79 | Revenue Per Share 54.26 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0254 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.