How to Buy Mgm Resorts International Stock
Mgm Resorts International
Mgm Resorts International is a casino company located in Nevada, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker MGM on the NYSE exchange.
Mgm Resorts International stock last closed at $31.46, down 1.07% from the previous day, and has decreased 20.23% in one year. It has underperformed other stocks in the Resorts & Casinos industry by 0.04 percentage points. Mgm Resorts International stock is currently +24.35% from its 52-week low of $25.30, and -33.43% from its 52-week high of $47.26.
At the moment, there are 272.15M shares of MGM outstanding. The market cap of MGM is $8.56B. In the past 24 hours, 6.33M MGM shares were traded.
How to Buy Mgm Resorts International Stock
Not sure how to invest in Mgm Resorts International stock? Here's how.
- Choose where to buy Mgm Resorts International stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Mgm Resorts International stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your payment method and add your information.
- Evaluate Mgm Resorts International stock: The Mgm Resorts International ticker symbol is MGM. Is Mgm Resorts International stock a good investment? Should you buy shares of MGM? How do MGM's underlying business fundamentals look? Do top analysts think Mgm Resorts International is a good buy? Why has MGM's stock price moved recently? (Hint: Our stock analysis website can help you decide if MGM is a good stock to buy).
- Make your MGM trade: Decide if you will purchase MGM shares at the current market price or use a limit order to purchase MGM shares at a particular price.
- Get the latest scoop on your MGM investment: Create a watchlist to track your new investment in Mgm Resorts International shares.
Step 1: Choose where to buy Mgm Resorts International stock
You will need an online brokerage account in order to access the NYSE market and buy MGM stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Tech to Energy, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you can invest in MGM stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on one of the best stock market apps, you need to deposit funds:
Check out this video walkthrough for more details depositing money into your new brokerage account.
Step 4: Evaluate Mgm Resorts International stock
After you have selected the best place to buy Mgm Resorts International stock, it's crucial to research their stock before you invest, so you actually wrap your head around the risk and upside.
Mgm Resorts International stock at a glance
Mgm Resorts International Due Diligence Checks
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MGM's stock page.
Is MGM stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MGM's intrinsic value.
Using relative valuations measures:
- MGM could be undervalued based on its P/E ratio of 13.98x, relative to Resorts & Casinos industry P/E ratio of 16.71x
- MGM may be undervalued based on its P/B ratio of 3x, relative to Resorts & Casinos industry P/B ratio of 4.04x
- MGM could be overvalued based on its PEG ratio of 1.77x
You can do additional valuation analysis on MGM's stock here.
MGM Financial Health Summary
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the MGM balance sheet.
Failed Health Checks:
- MGM profit margin has gone down from 5.4% to 4% in the past year.
- There are more long-term liabilities than short-term assets on the MGM balance sheet.
- MGM's operating cash flow of $2.36B allows it to safely service it's debt of $31.57B.
- MGM earnings of $1.17B is not enough to cover its interest payments.
- Total MGM debt is higher than 5 years ago, relative to shareholder equity.
- MGM has a relatively high debt to equity ratio of 13.42.
Is Mgm Resorts International stock a Buy, Hold, or Sell, according to analysts?
Out of 11 Equities analysts who track MGM, the consensus analyst rating on Mgm Resorts International is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest MGM Analyst Ratings
George Choi, a top 19% analyst from Citigroup maintains MGM with a strong buy rating and raises their MGM price target from $48.00 to $50.00, on Feb 13, 2025.
Daniel Politzer, a top 30% analyst from Wells Fargo maintains MGM with a strong buy rating and raises their MGM price target from $44.00 to $46.00, on Feb 13, 2025.
Ben Chaiken, a bottom 7% analyst from Mizuho maintains MGM with a buy rating and raises their MGM price target from $56.00 to $60.00, on Feb 13, 2025.
Steven Wieczynski, a top 13% analyst from Stifel Nicolaus maintains MGM with a strong buy rating and raises their MGM price target from $47.00 to $50.00, on Feb 13, 2025.
Stifel Nicolaus's Steven Wieczynski raised their price target on Mgm Resorts International (NYSE: MGM) by 6.4% from $47 to $50 on 2025/02/13. The analyst maintained their Strong Buy rating on the stock.
MGM Resorts International reported its Q4 and FY 2024 earnings.
A recent concern has focused on the question of how the company's business can expand in the face of stiff competition on the Las Vegas Strip, particularly in Q1 2025, Wieczynski said.
In response, the analyst pointed out that management performed an "excellent job" of outlining its plans for growth in Las Vegas this year and beyond.
In addition, that the business established a new record in 2025/01 suggests that worries may prove groundless, Wieczynski argued.
MGM Resorts International's development pipeline and free cash flow creation "keep getting ignored," the analyst noted.
Earnings Report
Mgm Resorts International reported:
For Q4 2024:
- EPS of $0.45, which beat the Zacks Consensus Estimate of $0.32 but missed, by 57.6%, Q4 2023’s $1.06.
- Revenue of $4.35B, which beat the Zacks Consensus Estimate by 1.50% but missed, by 1%, Q4 2023’s $4.38B.
For FY 2024:
- EPS of $2.59, down 3% Y/Y.
- Revenue of $17.2B, up 7% Y/Y,
Management did not provide financial guidance in its press release.
President & CEO Bill Hornbuckle commented: "MGM Resorts is proud to report the best FY consolidated net revenues in the history of the Company, driven by record performance from MGM China.
"We're also encouraged by the strong demand we're seeing in the business so far in 2025, which positions us well for continued growth.
“In fact, 2024/12 was our highest convention booking month on record, and in 2025/01 we saw revenue growth in our Las Vegas Strip Resorts and Regional Operations as well as strong future bookings.
“Our digital businesses are also on a positive trajectory, with our BetMGM venture in North America expected to be profitable this year and our global MGM Digital business integrating and scaling to address its significant $41B market opportunity."
CFO Jonathan Halkyard added, "We continue to see significant value in our stock at current levels, and as such we repurchased 3M shares in the quarter, bringing our total for 2024 to 33M shares repurchased at $1.4B.
"As we grow our core operations and realize returns from digital and development investments, this reduced share count will accelerate the free cash flow per share generation for our shareholders, creating significant value."
Aaron Hecht, a bottom 48% analyst from JMP Securities reiterates MGM with a buy rating and maintains their MGM price target from $50.00 to $50.00, on Jan 16, 2025.
You can dig deeper into what analysts are projecting on the Mgm Resorts International stock forecast page.
MGM Technicals
MGM Revenue
Last year, MGM earnings were $677.64M. In the past 5 year, MGM's earnings have gone up by -16.31% per year. This was slower than the Resorts & Casinos industry average of -3.75%.
Last year, MGM revenue was $17.13B. During the last 5 year, MGM's revenue has increased by 7.43% per year. This was faster than the Resorts & Casinos industry average of 6.68%.
You can research MGM's earnings and revenue performance here.
Are MGM insiders buying or selling the stock?
Over the past year, executives and large shareholders at MGM have sold more shares than they have bought.
Jonathan S. Halkyard, CHIEF FINANCIAL OFFICER of MGM, was the latest MGM insider to buy. They bought $321,700.00 worth of MGM stock on Mar 6, 2025.
Learn more about who owns MGM shares here.
Does MGM stock generate passive income?
No, Mgm Resorts International doesn't provide an income stream by paying out dividends.
What do other investors have to say about MGM?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your MGM trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you require additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your MGM investment
Now that you own some shares in MGM, you'll want to keep up with your investment.
Put MGM on a watchlist to monitor your MGM stock.
MGM Feed
How to Buy Stock in Mgm Resorts International
To reiterate, here are the 6 steps you need to take to buy Mgm Resorts International stock right now:
- Choose where to buy Mgm Resorts International stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Evaluate Mgm Resorts International stock
- Make your MGM trade
- Get the latest scoop on your MGM investment
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Mgm Resorts International, create your watchlist below.
Trending Stock Buying Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.