|Bid||41.15 x 800|
|Ask||41.38 x 1300|
|Day's range||39.77 - 41.43|
|52-week range||26.41 - 49.00|
|Beta (5Y monthly)||2.04|
|PE ratio (TTM)||13.67|
|Forward dividend & yield||0.01 (0.02%)|
|Ex-dividend date||08 Dec 2022|
|1y target est||N/A|
MGM Resort's (MGM) BetMGM expects to be EBITDA positive in the second half of 2023.
The stock market has thrown out MGM Resorts (NYSE: MGM), Verizon (NYSE: VZ), and Coinbase (NASDAQ: COIN) recently, but I think that's a mistake. The U.S. shutdowns didn't last long, but restrictions in Macao have lasted for nearly three years. As personal and business travel in the U.S. reopened, Las Vegas made a quick recovery.
MGM Resorts' (MGM) emphasis on omnichannel growth prospects bodes well. However, a decline in traffic from pre-pandemic levels is a concern.