On Tuesday, Macerich Co. (NYSE: MAC) was 0.16% up from the session before settling in for the closing price of $18.46. A 52-week range for MAC has been $9.14 – $18.94.
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A company in the Real Estate sector has dropped its sales by -1.39% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 143.49%. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Macerich Co. stocks. The insider ownership of Macerich Co. is 0.91%, while institutional ownership is 94.15%. 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 143.49% per share during the next fiscal year.
Macerich Co. (NYSE: MAC) Trading Performance Indicators
You can see what Macerich Co. (MAC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.52. Likewise, its price to free cash flow for the trailing twelve months is 13.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.18 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 0.9 million. That was inferior than the volume of 1.77 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.09%. Additionally, its Average True Range was 0.44.
During the past 100 days, Macerich Co.’s (MAC) raw stochastic average was set at 91.16%, which indicates a significant increase from 67.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.18% in the past 14 days, which was lower than the 31.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.06, while its 200-day Moving Average is $16.05. However, in the short run, Macerich Co.’s stock first resistance to watch stands at $18.68. Second resistance stands at $18.86. The third major resistance level sits at $19.08. If the price goes on to break the first support level at $18.28, it is likely to go to the next support level at $18.06. The third support level lies at $17.88 if the price breaches the second support level.
Macerich Co. (NYSE: MAC) Key Stats
There are 215,991K outstanding shares of the company, which has a market capitalization of 3.99 billion. As of now, sales total 884,070 K while income totals -274,070 K. Its latest quarter income was 215,520 K while its last quarter net income were 252,010 K.
