AAPL 248.58 0.8479% MSFT 453.21 0.9399% NVDA 137.4648 -1.3245% GOOGL 194.46 -0.4811% GOOG 195.97 -0.3762% AMZN 229.82 -0.1911% META 630.9 -0.2813% AVGO 179.8499 -1.8287% TSLA 420.25 -1.0641% TSM 192.5975 -0.715% LLY 781.77 -1.7914% V 314.5 0.2263% JPM 241.66 -0.7679% UNH 520.37 -2.4666% NVO 109.19 -2.2383% WMT 95.08 0.1264% LVMUY 135.51 -0.14% XOM 112.375 0.4065% LVMHF 682.0 0.3561% MA 533.22 -0.2301%
Section 1: Company Overview and Fundamentals
1.1 Company Overview:
MGM Resorts International (NYSE: MGM) is a component of S&P 500 index. Predominantly, the company through its subsidiary companies located in different geographies tend to offer a global platform for gaming and entertainment. The product portfolio of the company comprises of MGM China, Las Vegas strip resorts, and regional operations.
Kalkine’s Global Big Money Report covers the Investment Highlights, Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.
1.2 The Key Positives, Negatives, Investment Highlights and Risks
1.3 Top 10 Shareholders: The top 10 shareholders have been highlighted in the chart below, which together form ~50.84 % of the total shareholding.
1.4 Key Metrics:
Following are some of the key metrics:
Section 2: Recent Update and Financial Highlights
2.1 Insights of FY 2023:
Section 3: Key Risks and Outlook:
Section 4: Stock Recommendation Summary:
4.1 Price Performance and Technical Summary:
The stock has a 52-week high and 52-week low of USD 51.35 and USD 34.12, respectively.
MGM Daily Technical Chart, Data Source: REFINITIV
4.2 Fundamental Valuation
Valuation Methodology: P/E Multiple Based Relative Valuation (Illustrative)
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is March 26, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
Kalkine Media LLC, an affiliate of Kalkine Equities LLC, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.