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 $42.04, up 0.02% from the previous day, and has decreased 5.72% in one year. It has overperformed other stocks in the Resorts & Casinos industry by 0.1 percentage points. Mgm Resorts International stock is currently +23.21% from its 52-week low of $34.12, and -18.13% from its 52-week high of $51.35.
At the moment, there are 319.68M shares of MGM outstanding. The market cap of MGM is $13.44B. In the past 24 hours, 3.5M 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
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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 13.06x, relative to Resorts & Casinos industry P/E ratio of 18.54x
- MGM may be undervalued based on its P/B ratio of 3.53x, relative to Resorts & Casinos industry P/B ratio of 4.24x
- MGM could be undervalued based on its PEG ratio of 0.57x
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 11.2% to 7.1% 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 $2.69B allows it to safely service it's debt of $31.53B.
- MGM earnings of $1.76B 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 9.98.
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
Joseph Greff, a top 37% analyst from JP Morgan maintains MGM with a strong buy rating and raises their MGM price target from $52.00 to $54.00, on Feb 14, 2024.
Brandt Montour, a top 11% analyst from Barclays maintains MGM with a strong buy rating and lowers their MGM price target from $57.00 to $55.00, on Feb 14, 2024.
Barry Jonas, a top 17% analyst from Truist Securities reiterates MGM with a strong buy rating and maintains their MGM price target from $55.00 to $55.00, on Dec 5, 2023.
Steven Wieczynski, a top 18% analyst from Stifel Nicolaus maintains MGM with a strong buy rating and lowers their MGM price target from $59.00 to $55.00, on Nov 9, 2023.
Daniel Politzer, a top 17% analyst from Wells Fargo maintains MGM with a strong buy rating and lowers their MGM price target from $58.00 to $54.00, on Nov 9, 2023.
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 $1.14B. In the past 5 year, MGM's earnings have gone up by 31.46% per year. This was faster than the Resorts & Casinos industry average of 6.12%.
Last year, MGM revenue was $16.16B. During the last 5 year, MGM's revenue has increased by 6.56% per year. This was faster than the Resorts & Casinos industry average of 3.99%.
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.
William Hornbuckle, CEO AND PRESIDENT of MGM, was the latest MGM insider to sell. They sold $211,713.18 worth of MGM stock on Apr 1, 2024.
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.
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