|Bid||28.34 x 1000|
|Ask||28.46 x 1300|
|Day's range||27.66 - 28.62|
|52-week range||5.90 - 34.64|
|Beta (5Y monthly)||2.30|
|PE ratio (TTM)||9.63|
|Earnings date||10 Feb 2021 - 15 Feb 2021|
|Forward dividend & yield||0.01 (0.04%)|
|Ex-dividend date||09 Dec 2020|
|1y target est||21.15|
The coronavirus pandemic continues to affect the casino industry and big names within it, including Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM), with conditions in Nevada, the USA's biggest gambling destination, being particularly important. The Nevada Gaming Control Board released its "Monthly Win" report today, showing a total state gambling win of $822.7 million, down 19.5% year over year, for the month of October. Decreased gambling activity on the Strip affects the big casino companies most directly, with MGM Resorts alone operating 13 locations on the Strip.
The commission-free trading app Robinhood offers a good heatmap of where retail investors are putting their money on any given day. Two stocks that fit into that latter category are Virgin Galactic (NYSE: SPCE) and MGM Resorts (NYSE: MGM). Virgin Galactic is a fledgling space tourism company that appeals to Robinhood investors because of its high-stakes business model and all-or-nothing catalyst for growth.
It's a good time to invest for a recovery beyond the pandemic, and there's a way to participate without taking excessive risk.