MGM - Dec 24 Opening Sustainable Momentum
Grading B 7 points
No idea, it is a pute technical play +1
Stock’s fundamentals are also aligned +1
Greater force - There is alignment with RUT +2
Technicals - Breakthrough below H1 100SMA, consolidation, Strong KL resistance above 100SMA(H1)
Opening Sustainable Momentum 🧑🏻🚀
Strategy
Key facts today
Barclays cut its price target for MGM Resorts International from $47 to $41 per share, while keeping an overweight rating. FactSet reports an average target of $46.59.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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50.31 MXN
15.50 B MXN
359.46 B MXN
215.75 M
About MGM Resorts International
Sector
Industry
CEO
William Joseph Hornbuckle
Website
Headquarters
Las Vegas
Founded
1986
FIGI
BBG00JX0PK36
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment operates the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George’s County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment includes MGM Macau and MGM Cotai. The MGM Digital segment focuses on the online gaming portfolio, which consists primarily of Leo Vegas, which is headquartered in Sweden and Malta. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
MGM Worth the BET? Not financial advice
1st thing that draws my attention is the resistance at 47.00
2nd thing I noticed is the move up the last 3 months back to 47.00 was a bearish move up as evidenced by the descending channel on Stoch RSI
3rd thing is we double topped on regular RSI even though we came up to 47.0
MGM Resorts draws increased institutional investmentMGM Resorts International (NYSE: MGM), a prominent operator of global casino resorts, has seen a notable influx of investments from major institutional firms in recent months. The company's robust revenue growth and promising expansion into new markets fuelled the growing interest from investors.
Two Signals For MGM Provide Rollercoaster ActionI had two trading signal trigger for MGM last week that could set the stage for some good up and down trading. My MACD overtraded signal fired on the daily chart on January 31, 2023 indicating the stock should move down over the next 10 trading days. This signal is accurate 94.297% of the 264 studie
MGM Resorts International Options Ahead of EarningsIf you haven`t bought MGM during the Covid pandemic:
Then analyzing the options chain and the chart patterns of MGM Resorts International prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approxi
MGM a Good Bet moving forward Gamblers are BackNot financial advice
Said it all on the charts but I'd try to get an entry between 35-38.00 to take profits at upper end of this huge rising wedge that started developing way back in 2014 .
If we get a close above 58 and out of this rising wedge could be some big gains in store.
Let's just see how
Green Energy Investments Propel MGM Resorts (NYSE: MGM)MGM Resorts Riding the Bullish Wave
MGM Resorts (MGM) is currently riding a bullish wave on the New York Stock Exchange (NYSE). The company's stock has surged in response to strategic moves towards sustainable practices and green energy investments. This shift has resonated with investors seeking e
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Maturity date
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MGM5885613
MGM Resorts International 6.125% 15-SEP-2029Yield to maturity
6.55%
Maturity date
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MGM5059888
MGM Resorts International 4.75% 15-OCT-2028Yield to maturity
6.33%
Maturity date
Oct 15, 2028
MGM4394710
MGM Resorts International 4.625% 01-SEP-2026Yield to maturity
5.62%
Maturity date
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C
MGM3669758
Circus Circus Enterprises, Inc. 6.7% 15-NOV-2096Yield to maturity
4.72%
Maturity date
Nov 15, 2096
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Frequently Asked Questions
The current price of MGM is 595.00 MXN — it has increased by 0.50% in the past 24 hours. Watch MGM RESORTS INTERNATIONAL stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BIVA exchange MGM RESORTS INTERNATIONAL stocks are traded under the ticker MGM.
MGM stock has risen by 9.32% compared to the previous week, the month change is a −6.51% fall, over the last year MGM RESORTS INTERNATIONAL has showed a −15.97% decrease.
We've gathered analysts' opinions on MGM RESORTS INTERNATIONAL future price: according to them, MGM price has a max estimate of 1,185.77 MXN and a min estimate of 691.70 MXN. Watch MGM chart and read a more detailed MGM RESORTS INTERNATIONAL stock forecast: see what analysts think of MGM RESORTS INTERNATIONAL and suggest that you do with its stocks.
MGM stock is 0.99% volatile and has beta coefficient of 1.38. Track MGM RESORTS INTERNATIONAL stock price on the chart and check out the list of the most volatile stocks — is MGM RESORTS INTERNATIONAL there?
Today MGM RESORTS INTERNATIONAL has the market capitalization of 161.72 B, it has increased by 7.20% over the last week.
Yes, you can track MGM RESORTS INTERNATIONAL financials in yearly and quarterly reports right on TradingView.
MGM RESORTS INTERNATIONAL is going to release the next earnings report on Apr 30, 2025. Keep track of upcoming events with our Earnings Calendar.
MGM earnings for the last quarter are 9.38 MXN per share, whereas the estimation was 6.69 MXN resulting in a 40.16% surprise. The estimated earnings for the next quarter are 9.74 MXN per share. See more details about MGM RESORTS INTERNATIONAL earnings.
MGM RESORTS INTERNATIONAL revenue for the last quarter amounts to 90.62 B MXN, despite the estimated figure of 88.96 B MXN. In the next quarter, revenue is expected to reach 87.79 B MXN.
MGM net income for the last quarter is 3.22 B MXN, while the quarter before that showed 3.63 B MXN of net income which accounts for −11.32% change. Track more MGM RESORTS INTERNATIONAL financial stats to get the full picture.
MGM RESORTS INTERNATIONAL dividend yield was 0.00% in 2024, and payout ratio reached 0.00%. The year before the numbers were 0.00% and 0.00% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 22, 2025, the company has 78 K employees. See our rating of the largest employees — is MGM RESORTS INTERNATIONAL on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MGM RESORTS INTERNATIONAL EBITDA is 51.99 B MXN, and current EBITDA margin is 14.46%. See more stats in MGM RESORTS INTERNATIONAL financial statements.
Like other stocks, MGM shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MGM RESORTS INTERNATIONAL stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MGM RESORTS INTERNATIONAL technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MGM RESORTS INTERNATIONAL stock shows the sell signal. See more of MGM RESORTS INTERNATIONAL technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.