Tanger Inc. (NYSE: SKT) kicked off on Tuesday, down -0.50% from the previous trading day ,before settling in for the closing price of $28.01. Over the past 52 weeks, SKT has traded in a range of $18.00-$29.98.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Real Estate sector company slipped by -0.75% over the past five years. While this was happening, its average annual earnings per share was recorded -13.97%. With a float of $105.93 million, this company’s outstanding shares have now reached $108.79 million.
Let’s look at the performance matrix of the company that is accounted for 364 employees.
Tanger Inc. (SKT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the REIT – Retail Industry. The insider ownership of Tanger Inc. is 2.74%, while institutional ownership is 86.67%. The most recent insider transaction that took place on Mar 12 ’24, was worth 87,810. In this transaction SVP, CAO of this company sold 3,000 shares at a rate of $29.27, taking the stock ownership to the 63,782 shares. Before that another transaction happened on Feb 21 ’24, when Company’s Director sold 5,000 for $29.00, making the entire transaction worth $145,000. This insider now owns 46,602 shares in total.
Tanger Inc. (SKT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.22 earnings per share (EPS), higher than consensus estimate (set at $0.21) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.70% during the next five years compared to 15.12% growth over the previous five years of trading.
Tanger Inc. (NYSE: SKT) Trading Performance Indicators
Take a look at Tanger Inc.’s (SKT) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.54. Likewise, its price to free cash flow for the trailing twelve months is 12.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.92, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 0.89 in one year’s time.
Technical Analysis of Tanger Inc. (SKT)
Tanger Inc. (NYSE: SKT) saw its 5-day average volume 0.76 million, a negative change from its year-to-date volume of 0.78 million. As of the previous 9 days, the stock’s Stochastic %D was 21.29%. Additionally, its Average True Range was 0.62.
During the past 100 days, Tanger Inc.’s (SKT) raw stochastic average was set at 59.89%, which indicates a significant increase from 22.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.04% in the past 14 days, which was higher than the 23.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.25, while its 200-day Moving Average is $25.34. Nevertheless, the first resistance level for the watch stands at $28.18 in the near term. At $28.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.79. If the price goes on to break the first support level at $27.57, it is likely to go to the next support level at $27.27. Assuming the price breaks the second support level, the third support level stands at $26.96.
Tanger Inc. (NYSE: SKT) Key Stats
The company with the Market Capitalisation of 3.04 billion has total of 109,193K Shares Outstanding. Its annual sales at the moment are 464,410 K in contrast with the sum of 99,150 K annual income. Company’s last quarter sales were recorded 127,480 K and last quarter income was 23,780 K.
