Macerich Co. (MAC) 20 Days SMA touches -1.78%: The odds favor the bear

SQ

Macerich Co. (NYSE: MAC) kicked off on Tuesday, down -3.39% from the previous trading day, before settling in for the closing price of $16.79. Over the past 52 weeks, MAC has traded in a range of $8.90-$17.69.

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Real Estate Sector giant saw their annual sales slid by -1.39% over the last five years. While this was happening, its average annual earnings per share was recorded 89.31%. With a float of $214.11 million, this company’s outstanding shares have now reached $215.98 million.

The firm has a total of 655 workers. Let’s measure their productivity.

Macerich Co. (MAC) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the REIT – Retail Industry. The insider ownership of Macerich Co. is 0.75%, while institutional ownership is 88.40%. The most recent insider transaction that took place on Mar 28 ’24, was worth 1,289,250. In this transaction Director of this company sold 75,000 shares at a rate of $17.19, taking the stock ownership to the 560,667 shares. Before that another transaction happened on Mar 27 ’24, when Company’s Director sold 20,000 for $17.01, making the entire transaction worth $340,200. This insider now owns 635,667 shares in total.

Macerich Co. (MAC) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.25 earnings per share (EPS), higher than consensus estimate (set at $0.08) by $0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 89.31% per share during the next fiscal year.

Macerich Co. (NYSE: MAC) Trading Performance Indicators

Take a look at Macerich Co.’s (MAC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.97. Likewise, its price to free cash flow for the trailing twelve months is 7.88.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.09 in one year’s time.

Technical Analysis of Macerich Co. (MAC)

Analysing the last 5-days average volume posted by the [Macerich Co., MAC], we can find that recorded value of 1.46 million was lower than the volume posted last year of 2.01 million. As of the previous 9 days, the stock’s Stochastic %D was 42.83%. Additionally, its Average True Range was 0.52.

During the past 100 days, Macerich Co.’s (MAC) raw stochastic average was set at 81.13%, which indicates a significant increase from 26.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.07% in the past 14 days, which was lower than the 43.32% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.55, while its 200-day Moving Average is $13.26. Now, the first resistance to watch is $16.44. This is followed by the second major resistance level at $16.65. The third major resistance level sits at $16.86. If the price goes on to break the first support level at $16.02, it is likely to go to the next support level at $15.81. Should the price break the second support level, the third support level stands at $15.60.

Macerich Co. (NYSE: MAC) Key Stats

The company with the Market Capitalisation of 3.50 billion has total of 215,720K Shares Outstanding. Its annual sales at the moment are 884,070 K in contrast with the sum of -274,070 K annual income. Company’s last quarter sales were recorded 238,690 K and last quarter income was 62,180 K.