Basic Trading Data for MGM Resorts International (MGM)

In the past 52-week period, shares of MGM Resorts International (NYSE:MGM) have moved within the range of $25.15 to $34.65. On the stock’s most recent trading day, the company’s shares ended the regular session at $33.89, which is 2.19% lower than its 52-week high.

MGM Resorts International (MGM) has demonstrated a 20-day simple moving average (SMA) of 5.34%, and a 50-day SMA of 7.05%. This public company’s current market capitalization stands at $18.94 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Gauging the level of enthusiasm that Wall Street analysts have for a particular stock is important when considering an investment. According to the latest data, the consensus recommendation for MGM Resorts International (MGM) is Outperform.

When it comes to reporting sales figures, public companies typically post earnings and revenue that fall above or below the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Sep. 2017, MGM Resorts International (MGM) delivered a 1.94% surprise with its net revenue. Sales reached $2.83 billion during the three-month period, compared to the average analyst estimate of $2.77 billion.

Meanwhile, during the same quarter MGM Resorts International (MGM) delivered a 1.02% earnings surprise. Net earnings for the quarter were posted at $0.34 per share, whereas Wall Street had forecast $0.34 per share.

Ownership at MGM Resorts International (MGM), According to Most Recent SEC Filings

A publicly-traded company’s most recent 13F filings give us important details about the organization’s institutional ownership. MGM Resorts International (MGM) has 0 billion shares outstanding currently, 84.23% of which belong to institutional investors. Those institutional holdings amount to $16.16 billion.

Additionally, according to the most recent 13F filing from MGM Resorts International (MGM), there were 102 new positions totaling 21,400,237 shares of the company’s stock. There were 53 sold out positions, on the other hand, totaling 10,824,766 shares.

Short, Medium and Long Term Indicators

Taking a look at a stock’s average volume – in the long, medium and short terms – is helpful for understanding investor sentiment and trading activity. MGM Resorts International (MGM) has had a 20-day average volume of 6,338,387 shares, with an average of 80% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 8,081,157 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 9,141,494 shares with 33% of long-term indicators pointing to Buy.