Macerich Co. (NYSE: MAC) kicked off on Tuesday, down -5.01% from the previous trading day, before settling in for the closing price of $15.97. Over the past 52 weeks, MAC has traded in a range of $9.14-$17.69.
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
A company in the Real Estate sector has dropped its sales by -1.39% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 121.58%. With a float of $214.03 million, this company’s outstanding shares have now reached $215.98 million.
In an organization with 655 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 0.91%, while institutional ownership is 94.98%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 121.58% 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 3.70. Likewise, its price to free cash flow for the trailing twelve months is 10.92.
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 -0.19 in one year’s time.
Technical Analysis of Macerich Co. (MAC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.31 million. That was inferior than the volume of 1.83 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.11%. Additionally, its Average True Range was 0.51.
During the past 100 days, Macerich Co.’s (MAC) raw stochastic average was set at 55.90%, which indicates a significant increase from 40.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.49% in the past 14 days, which was lower than the 43.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.33, while its 200-day Moving Average is $15.32. However, in the short run, Macerich Co.’s stock first resistance to watch stands at $15.70. Second resistance stands at $16.23. The third major resistance level sits at $16.55. If the price goes on to break the first support level at $14.84, it is likely to go to the next support level at $14.52. The third support level lies at $13.99 if the price breaches the second support level.
Macerich Co. (NYSE: MAC) Key Stats
The company with the Market Capitalisation of 3.28 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 215,520 K and last quarter income was 252,010 K.
