Previous close | 39.86 |
Open | 39.88 |
Bid | 41.15 x 800 |
Ask | 41.38 x 1300 |
Day's range | 39.77 - 41.43 |
52-week range | 26.41 - 49.00 |
Volume | |
Avg. volume | 4,480,231 |
Market cap | 15.902B |
Beta (5Y monthly) | 2.04 |
PE ratio (TTM) | 13.67 |
EPS (TTM) | N/A |
Earnings date | N/A |
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.