Mgm Resorts International Stock Price Prediction

MGM Stock  USD 37.55  0.76  1.98%   
As of now, the relative strength indicator of MGM Resorts' share price is approaching 40. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling MGM Resorts, making its price go up or down.

Oversold Vs Overbought

40

 
Oversold
 
Overbought
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
0.326
EPS Estimate Next Quarter
0.54
EPS Estimate Current Year
2.493
EPS Estimate Next Year
2.4257
Wall Street Target Price
50.1777
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.

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.
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 38.26  
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.
  
Check out MGM Resorts Basic Forecasting Models to cross-verify your projections.
Intrinsic
Valuation
LowRealHigh
34.4847.5749.71
Details
22 Analysts
Consensus
LowTargetHigh
51.6756.7863.03
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.570.620.69
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MGM Resorts. Your research has to be compared to or analyzed against MGM Resorts' peers to derive any actionable benefits. When done correctly, MGM Resorts' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MGM Resorts International.

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 36.12 and 40.40, 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
37.55
38.26
After-hype Price
40.40
Upside
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 ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.04 
2.16
  0.03 
  0.02 
12 Events / Month
4 Events / Month
In about 12 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
37.55
38.26
0.13 
337.50  
Notes

MGM Resorts Hype Timeline

On the 26th of November MGM Resorts International is traded for 37.55. The entity has historical hype elasticity of -0.03, and average elasticity to hype of competition of 0.02. MGM is forecasted to decline in value after the next headline, with the price expected to drop to 38.26. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.13%, whereas the daily expected return is now at 0.04%. The volatility of related hype on MGM Resorts is about 498.46%, with the expected price after the next announcement by competition of 37.57. About 23.0% of the company outstanding shares are owned by corporate insiders. The book value of MGM Resorts was now reported as 10.89. The company has Price/Earnings To Growth (PEG) ratio of 1.66. MGM Resorts International last dividend was issued on the 8th of December 2022. The entity 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 12 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.

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.

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 Yield2.21E-42.95E-43.39E-43.22E-4
Price To Sales Ratio2.231.050.980.93

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.

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 Outstanding358.6 M
Cash And Short Term Investments2.9 B
When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:
Check out MGM Resorts Basic Forecasting Models to cross-verify your projections.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Hotels, Restaurants & Leisure space 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
0.326
Earnings Share
2.79
Revenue Per Share
54.26
Quarterly Revenue Growth
0.053
Return On Assets
0.0254
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.