MGM Stock: MGM Resorts International Stock Price, Analysis & Insights
Get live mgm stock price $32.03, comprehensive MGM Resorts International stock analysis, charts, news, and expert forecast. Real-time mgm stock data and investment insights.
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Company Overview
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Company Information
- CEO
- William Joseph Hornbuckle IV
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- Employees
- 60000
Contact Information
- Website
- https://www.mgmresorts.com
- Address
- 3600 Las Vegas Boulevard South
- Country
- US
Investment Analysis & Business Insights
Investment Highlights
✓ Strong presence in the Consumer Cyclical sector with established market position
✓ Growth-oriented company with premium valuation (P/E: 160.2)
✓ Higher growth potential with elevated volatility (Beta: 1.49)
Business Model & Strategy
MGM Resorts International operates in the Gambling, Resorts & Casinos industry, focusing on consumer product sales, retail operations, and discretionary services. Under the leadership of CEO William Joseph Hornbuckle IV, the company navigates Consumer Cyclical sector dynamics while pursuing growth opportunities. The Gambling, Resorts & Casinos model requires brand strength, supply chain efficiency, and consumer engagement to maintain competitiveness and drive shareholder value.
Market Position & Competitive Landscape
MGM Resorts International competes in the Gambling, Resorts & Casinos within the broader Consumer Cyclical. With 8.8 billion in market capitalization, the company is positioned as a emerging competitor in its sector. The Consumer Cyclical is characterized by economic sensitivity, consumer trends, and competitive intensity. As a publicly traded company on the New York Stock Exchange, MGM Resorts International provides investors with liquidity and transparency while subject to regulatory oversight. Investors evaluating MGM Resorts International should consider industry-specific trends, competitive positioning, and Consumer Cyclical sector fundamentals.
Important Investment Considerations
- ⚠All investments carry risk, including potential loss of principal for MGM Resorts International shareholders
- ⚠Market volatility can significantly impact stock price, especially for smaller companies
- ⚠Sector-specific risks in Consumer Cyclical may affect company performance
- ⚠Past performance does not guarantee future results for MGM Resorts International
- ⚠Investors should consider how MGM Resorts International fits within their overall portfolio allocation
- ⚠Premium valuation (P/E: 160.2) requires strong growth to justify
Market Cap
8.76B
P/E Ratio
160.15
Beta
1.49
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Consumer Cyclical leader with 8.76B market capitalization
- Trading Volume: 1.24M shares traded today
- Price Range: 52-week range of $25.30 - $41.32
- Exchange: Listed on New York Stock Exchange
Financial Metrics
Market Analysis for MGM Resorts International
MGM Resorts International (MGM) operates in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector. With a current market capitalization of 8.76B, the company represents a significant player in its market. The stock is currently trading at $32.03 with a positivedaily change of 0.00%.
The company's 60000 employee base and presence on the New York Stock Exchangeexchange position it as a Consumer Cyclical sector leader. Investors should consider the stock's P/E ratio of 160.15, beta of 1.49, and 52-week price range from $25.30 to $41.32when evaluating investment opportunities.
Why Invest in MGM Resorts International?
Strengths
- • Established market presence in Consumer Cyclical
- • Strong financial metrics and market position
- • Listed on major exchange (New York Stock Exchange)
- • Experienced leadership under William Joseph Hornbuckle IV
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
Related Consumer Cyclical Stocks
About Consumer Cyclical Sector
The Consumer Cyclical sector includes companies that sell non-essential goods and services that consumers purchase when they have disposable income.