A new trading day began on Monday, with Macerich Co. (NYSE: MAC) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $14.86. MAC’s price has ranged from $9.14 to $17.69 over the past 52 weeks.
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
Real Estate Sector giant saw their annual sales slid by -1.39% over the last five years. Meanwhile, its annual earnings per share averaged 108.85%. With a float of $213.85 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. In terms of profitability, gross margin is 30.69%, operating margin of 32.19%, and the pretax margin is -40.8%.
Macerich Co. (MAC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Retail Industry. The insider ownership of Macerich Co. is 0.99%, while institutional ownership is 95.87%. The most recent insider transaction that took place on May 10 ’24, was worth 77,025. In this transaction EVP, Business Development of this company bought 5,000 shares at a rate of $15.40, taking the stock ownership to the 51,924 shares. Before that another transaction happened on May 09 ’24, when Company’s Chief Financial Officer bought 6,000 for $16.06, making the entire transaction worth $96,360. This insider now owns 42,310 shares in total.
Macerich Co. (MAC) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -1.22 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 108.85% per share during the next fiscal year.
Macerich Co. (NYSE: MAC) Trading Performance Indicators
Here are Macerich Co.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.63. Likewise, its price to free cash flow for the trailing twelve months is 10.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.17 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 1.32 million was lower than the volume posted last year of 1.86 million. As of the previous 9 days, the stock’s Stochastic %D was 68.50%. Additionally, its Average True Range was 0.55.
During the past 100 days, Macerich Co.’s (MAC) raw stochastic average was set at 43.39%, which indicates a significant increase from 34.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.84% in the past 14 days, which was lower than the 43.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.19, while its 200-day Moving Average is $15.07. Now, the first resistance to watch is $15.04. This is followed by the second major resistance level at $15.21. The third major resistance level sits at $15.45. If the price goes on to break the first support level at $14.63, it is likely to go to the next support level at $14.39. Should the price break the second support level, the third support level stands at $14.22.
Macerich Co. (NYSE: MAC) Key Stats
With a market capitalization of 3.21 billion, the company has a total of 215,720K Shares Outstanding. Currently, annual sales are 884,070 K while annual income is -274,070 K. The company’s previous quarter sales were 215,520 K while its latest quarter income was 252,010 K.
