SL Green Realty Corp (NYSE: SLG) on Tuesday, plunged -5.05% from the previous trading day, before settling in for the closing price of $81.07. Within the past 52 weeks, SLG’s price has moved between $29.26 and $82.81.
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During the last 5-year period, the sales drop of Real Estate Sector giant was -4.01%. The company achieved an average annual earnings per share of 93.53%. With a float of $65.54 million, this company’s outstanding shares have now reached $65.62 million.
Let’s determine the extent of company efficiency that accounts for 1188 employees. In terms of profitability, gross margin is 53.69%, operating margin of 27.99%, and the pretax margin is -19.13%.
SL Green Realty Corp (SLG) Insider Activity
Observing investor behavior towards REIT – Office industry stocks is more important than anything else. The insider ownership of SL Green Realty Corp is 0.11%, while institutional ownership is 91.63%. The most recent insider transaction that took place on Feb 09 ’24, was worth 227,086. In this transaction Director of this company sold 5,118 shares at a rate of $44.37, taking the stock ownership to the 0 shares. Before that another transaction happened on Jan 26 ’24, when Company’s Director sold 5,100 for $46.75, making the entire transaction worth $238,425. This insider now owns 2,070 shares in total.
SL Green Realty Corp (SLG) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -2.45 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.88) by -1.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 93.53% per share during the next fiscal year.
SL Green Realty Corp (NYSE: SLG) Trading Performance Indicators
SL Green Realty Corp (SLG) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.85. Likewise, its price to free cash flow for the trailing twelve months is 238.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.53, a number that is poised to hit -0.45 in the next quarter and is forecasted to reach -2.17 in one year’s time.
Technical Analysis of SL Green Realty Corp (SLG)
Looking closely at SL Green Realty Corp (NYSE: SLG), its last 5-days average volume was 0.77 million, which is a drop from its year-to-date volume of 0.97 million. As of the previous 9 days, the stock’s Stochastic %D was 66.86%. Additionally, its Average True Range was 2.49.
During the past 100 days, SL Green Realty Corp’s (SLG) raw stochastic average was set at 79.86%, which indicates a significant increase from 36.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.66% in the past 14 days, which was higher than the 33.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.98, while its 200-day Moving Average is $58.76. However, in the short run, SL Green Realty Corp’s stock first resistance to watch stands at $80.01. Second resistance stands at $83.05. The third major resistance level sits at $84.64. If the price goes on to break the first support level at $75.39, it is likely to go to the next support level at $73.80. Should the price break the second support level, the third support level stands at $70.76.
SL Green Realty Corp (NYSE: SLG) Key Stats
Market capitalization of the company is 5.31 billion based on 65,925K outstanding shares. Right now, sales total 913,710 K and income totals -557,300 K. The company made 229,690 K in profit during its latest quarter, and -7,370 K in sales during its previous quarter.
