Taking a Look at the Data Behind MGM Resorts International (MGM)

MGM Resorts International (MGM) is an interesting player in the Services space, with a focus on Resorts & Casinos. The stock has been active on the tape, currently trading at $35.79, down from yesterday’s close by -2.67%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

MGM Resorts International (MGM) currently trades with a market capitalization of $19.78 Billion. That value represents a market adjusting for revenues that have been growing by 5.54 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $224.5 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.29 on a per share basis this quarter. Perhaps, that suggests something about why 0.23% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, MGM Resorts International recorded a 52-week high of $38.41. It is now trading 2.62% off that level. The stock is trading $35.06 its 50-day moving average by -0.73%. The stock carved out a 52-week low down at $25.21.

In recent action, MGM Resorts International (MGM) has made a move of +7.80% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.11% with $526.48 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MGM.

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