Short interest in MGM stock price has decreased by nearly 8% over the past month, hinting at reduced bearish pressure. Casino revenue beats in Nevada and expanding online gaming licenses could add fundamental tailwinds to the company’s valuation. Toys and Electronics company Funko (NASDAQ:FNKO) fell 5%. Is now the time to buy Funko? Access our full analysis report here, it’s free. Considering the factors mentioned above and keeping in view the company's extremely low valuation , we find the stock to be unattractive. Although BetMGM’s potential and the Japan expansion present long-term prospects, the immediate risks outweigh the benefits at current valuations. While the MGM stock price has been range-bound between $41.20 and $43.50 for weeks, volatility could intensify ahead of the Federal Reserve’s March rate decision, which may influence discretionary spending power and gaming industry revenues.
