On Tuesday, Macerich Co (NYSE: MAC) was 1.45% up from the session before settling in for the closing price of $18.67. A 52-week range for MAC has been $9.90 – $19.09.
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
Over the past five-year period, the drop rate of yearbook sales for the company of the Real Estate sector was -1.39%. 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.
Considering the fact that the conglomerate employs 655 people, you should pay attention to its efficiency factor. 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
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 94.14%. 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
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -1.22 earnings per share (EPS) during the time that was less than consensus figure (set at -0.05) by -1.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
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 4.84. Likewise, its price to free cash flow for the trailing twelve months is 14.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of Macerich Co (MAC)
Compared to the last year’s volume of 1.77 million, its volume of 1.7 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 56.78%. Additionally, its Average True Range was 0.49.
During the past 100 days, Macerich Co’s (MAC) raw stochastic average was set at 97.04%, which indicates a significant increase from 85.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.79% in the past 14 days, which was lower than the 31.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.41, while its 200-day Moving Average is $16.13. Nevertheless, the first resistance level for the watch stands at $19.20 in the near term. At $19.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.88. If the price goes on to break the first support level at $18.51, it is likely to go to the next support level at $18.09. Should the price break the second support level, the third support level stands at $17.83.
Macerich Co (NYSE: MAC) Key Stats
There are 215,991K outstanding shares of the company, which has a market capitalization of 4.28 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.
