On 10/31/24, MGM Resorts International (NYSE: MGM) stock suffered a major decline of -11.0%, closing at $36.87. Moreover, exceptionally high trading volume at 302% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -7.0% during the last week.
Current PriceTarget Research Rating
MGM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MGM Resorts has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MGM Resorts has a neutral Appreciation Score of 51 but a poor Power Rating of 21, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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