Mgm Resorts International Stock Price Prediction
| MGM Stock | USD 42.43 0.01 0.02% |
Oversold Vs Overbought
60
Oversold | Overbought |
MGM Resorts International stock price prediction is an act of determining the future value of MGM Resorts shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of MGM Resorts' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of MGM Resorts and does not consider all of the tangible or intangible factors available from MGM Resorts' fundamental data. We analyze noise-free headlines and recent hype associated with MGM Resorts International, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting MGM Resorts' stock price prediction:Quarterly Earnings Growth 0.342 | EPS Estimate Next Quarter 0.55 | EPS Estimate Current Year 2.42 | EPS Estimate Next Year 2.89 | Wall Street Target Price 55.33 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of MGM Resorts based on different types of headlines from major news networks to social media. The MGM stock price prediction module provides an analysis of price elasticity to changes in media outlook on MGM Resorts over a specific investment horizon. Using MGM Resorts hype-based prediction, you can estimate the value of MGM Resorts International from the perspective of MGM Resorts response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards MGM Resorts using MGM Resorts' stock options and short interest. It helps to benchmark the overall future attitude of investors towards MGM using crowd psychology based on the activity and movement of MGM Resorts' stock price.
MGM Resorts Short Interest
A significant increase or decrease in MGM Resorts' short interest from the previous month could be a good indicator of investor sentiment towards MGM. Short interest can provide insight into the potential direction of MGM Resorts stock and how bullish or bearish investors feel about the market overall. An investor who is long MGM Resorts may also wish to track short interest. As short interest increases, investors should be becoming more worried about MGM Resorts and may potentially protect profits, hedge MGM Resorts with its derivative instruments, or be ready for some potential downside.
200 Day MA 42.536 | Short Percent 0.0551 | Short Ratio 4.14 | Shares Short Prior Month 13.7 M | 50 Day MA 43.8942 |
MGM Resorts International Hype to Price Pattern
Investor biases related to MGM Resorts' public news can be used to forecast risks associated with an investment in MGM. The trend in average sentiment can be used to explain how an investor holding MGM can time the market purely based on public headlines and social activities around MGM Resorts International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of MGM Resorts' market sentiment to its price can help taders to make decisions based on the overall investors consensus about MGM Resorts.
MGM Resorts Implied Volatility | 40.44 |
MGM Resorts' implied volatility exposes the market's sentiment of MGM Resorts International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if MGM Resorts' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that MGM Resorts stock will not fluctuate a lot when MGM Resorts' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in MGM Resorts. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in MGM Resorts to buy its stock at a price that has no basis in reality. In that case, they are not buying MGM because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
MGM Resorts after-hype prediction price | USD 42.43 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current MGM contract
Based on the Rule 16, the options market is currently suggesting that MGM Resorts International will have an average daily up or down price movement of about 2.53% per day over the life of the 2024-04-26 option contract. With MGM Resorts trading at USD 42.43, that is roughly USD 1.07 . If you think that the market is fully incorporating MGM Resorts' daily price movement you should consider acquiring MGM Resorts International options at the current volatility level of 40.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
MGM |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MGM Resorts' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MGM Resorts After-Hype Price Prediction Density Analysis
As far as predicting the price of MGM Resorts at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in MGM Resorts or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of MGM Resorts, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
MGM Resorts Estimiated After-Hype Price Volatility
In the context of predicting MGM Resorts' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on MGM Resorts' historical news coverage. MGM Resorts' after-hype downside and upside margins for the prediction period are 40.66 and 44.20, respectively. We have considered MGM Resorts' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
MGM Resorts is very steady at this time. Analysis and calculation of next after-hype price of MGM Resorts International is based on 3 months time horizon.
MGM Resorts Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as MGM Resorts is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading MGM Resorts backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with MGM Resorts, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 1.77 | 0.00 | 0.00 | 11 Events / Month | 5 Events / Month | In about 11 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
42.43 | 42.43 | 0.00 |
|
MGM Resorts Hype Timeline
On the 23rd of April MGM Resorts International is traded for 42.43. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. MGM is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.0%. %. The volatility of related hype on MGM Resorts is about 1863.16%, with the expected price after the next announcement by competition of 42.43. About 21.0% of the company outstanding shares are owned by corporate insiders. The book value of MGM Resorts was now reported as 11.67. The company last dividend was issued on the 8th of December 2022. MGM Resorts International had 2:1 split on the 19th of May 2005. Considering the 90-day investment horizon the next forecasted press release will be in about 11 days. Check out MGM Resorts Basic Forecasting Models to cross-verify your projections.MGM Resorts Related Hype Analysis
Having access to credible news sources related to MGM Resorts' direct competition is more important than ever and may enhance your ability to predict MGM Resorts' future price movements. Getting to know how MGM Resorts' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how MGM Resorts may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| WYNN | Wynn Resorts Limited | 0.49 | 11 per month | 1.38 | (0.01) | 2.79 | (2.13) | 10.09 | |
| CZR | Caesars Entertainment | 0.71 | 9 per month | 0.00 | (0.17) | 2.77 | (4.06) | 10.54 | |
| MLCO | Melco Resorts Entertainment | (0.01) | 10 per month | 0.00 | (0.13) | 5.01 | (5.80) | 16.69 | |
| PENN | Penn National Gaming | 0.11 | 11 per month | 0.00 | (0.18) | 3.70 | (5.14) | 17.52 | |
| LVS | Las Vegas Sands | (0.66) | 10 per month | 0.00 | (0.08) | 2.28 | (2.54) | 12.60 | |
| RRR | Red Rock Resorts | (0.07) | 12 per month | 1.49 | 0.07 | 2.84 | (2.83) | 9.04 |
MGM Resorts Additional Predictive Modules
Most predictive techniques to examine MGM price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for MGM using various technical indicators. When you analyze MGM charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About MGM Resorts Predictive Indicators
The successful prediction of MGM Resorts stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as MGM Resorts International, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of MGM Resorts based on analysis of MGM Resorts hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to MGM Resorts's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to MGM Resorts's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 2.21E-4 | 2.95E-4 | 3.39E-4 | 3.22E-4 | Price To Sales Ratio | 2.23 | 1.05 | 0.98 | 0.93 |
Story Coverage note for MGM Resorts
The number of cover stories for MGM Resorts depends on current market conditions and MGM Resorts' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that MGM Resorts is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about MGM Resorts' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Contributor Headline
Latest Perspective From Macroaxis
View All Premium Stories
MGM Resorts Short Properties
MGM Resorts' future price predictability will typically decrease when MGM Resorts' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of MGM Resorts International often depends not only on the future outlook of the potential MGM Resorts' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. MGM Resorts' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 358.6 M | |
| Cash And Short Term Investments | 2.9 B |
Check out MGM Resorts Basic Forecasting Models to cross-verify your projections. Note that the MGM Resorts International information on this page should be used as a complementary analysis to other MGM Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for MGM Stock analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is MGM Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.342 | Earnings Share 3.19 | Revenue Per Share 45.414 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0225 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.