MGM Resorts Stock Forecast - Daily Balance Of Power

MGM Stock  USD 36.25  0.55  1.49%   
MGM Stock Forecast is based on your current time horizon. Although MGM Resorts' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MGM Resorts' systematic risk associated with finding meaningful patterns of MGM Resorts fundamentals over time.
  
At this time, MGM Resorts' Receivables Turnover is very stable compared to the past year. As of the 15th of December 2024, Fixed Asset Turnover is likely to grow to 0.61, while Inventory Turnover is likely to drop 52.82. . As of the 15th of December 2024, Common Stock Shares Outstanding is likely to grow to about 370.4 M. Also, Net Income Applicable To Common Shares is likely to grow to about 1.8 B.
On October 29, 2024 MGM Resorts International had Daily Balance Of Power of 0.4414. Balance of Power indicator (or BOP) measures the strength of MGM Resorts International market sensitivity to bulls and bears. It estimates the ability of MGM Resorts buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring MGM Resorts Balance of Power indicator one can determine a trend of the price direction.
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MGM Resorts Trading Date Momentum

On October 30 2024 MGM Resorts International was traded for  41.41  at the closing time. Highest MGM Resorts's price during the trading hours was 42.07  and the lowest price during the day was  41.15 . The net volume was 6.4 M. The overall trading history on the 30th of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.38% . The trading delta at closing time to current price is 13.19% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for MGM Resorts

For every potential investor in MGM, whether a beginner or expert, MGM Resorts' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MGM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MGM. Basic forecasting techniques help filter out the noise by identifying MGM Resorts' price trends.

MGM Resorts Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MGM Resorts stock to make a market-neutral strategy. Peer analysis of MGM Resorts could also be used in its relative valuation, which is a method of valuing MGM Resorts by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

MGM Resorts International Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MGM Resorts' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of MGM Resorts' current price.

MGM Resorts Market Strength Events

Market strength indicators help investors to evaluate how MGM Resorts stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MGM Resorts shares will generate the highest return on investment. By undertsting and applying MGM Resorts stock market strength indicators, traders can identify MGM Resorts International entry and exit signals to maximize returns.

MGM Resorts Risk Indicators

The analysis of MGM Resorts' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in MGM Resorts' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mgm stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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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 Historical Fundamental Analysis of MGM Resorts to cross-verify your projections.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.