Macerich Co (NYSE: MAC) on Monday, soared 3.04% from the previous trading day, before settling in for the closing price of $19.72. Within the past 52 weeks, MAC’s price has moved between $10.75 and $20.40.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Real Estate sector was -1.39%. The company achieved an average annual earnings per share of 122.92%. With a float of $223.60 million, this company’s outstanding shares have now reached $225.53 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 39.08%, operating margin of 32.49%, and the pretax margin is -20.94%.
Macerich Co (MAC) Insider Activity
Observing investor behavior towards REIT – Retail industry stocks is more important than anything else. The insider ownership of Macerich Co is 0.86%, while institutional ownership is 94.35%. The most recent insider transaction that took place on Nov 12 ’24, was worth 1,115,400. Before that another transaction happened on May 10 ’24, when Company’s EVP, Business Development bought 5,000 for $15.40, making the entire transaction worth $77,025. This insider now owns 51,924 shares in total.
Macerich Co (MAC) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.27 earnings per share (EPS) for the period topping the consensus outlook (set at 0.01) by 0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 122.92% per share during the next fiscal year.
Macerich Co (NYSE: MAC) Trading Performance Indicators
Macerich Co (MAC) 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 5.40. Likewise, its price to free cash flow for the trailing twelve months is 18.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.90, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach -0.26 in one year’s time.
Technical Analysis of Macerich Co (MAC)
Compared to the last year’s volume of 1.76 million, its volume of 1.06 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 68.42%. Additionally, its Average True Range was 0.56.
During the past 100 days, Macerich Co’s (MAC) raw stochastic average was set at 98.48%, which indicates a significant increase from 95.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.98% in the past 14 days, which was lower than the 30.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.45, while its 200-day Moving Average is $16.35. Nevertheless, the first resistance level for the watch stands at $20.55 in the near term. At $20.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $21.12. If the price goes on to break the first support level at $19.97, it is likely to go to the next support level at $19.62. Should the price break the second support level, the third support level stands at $19.39.
Macerich Co (NYSE: MAC) Key Stats
Market capitalization of the company is 4.79 billion based on 225,527K outstanding shares. Right now, sales total 884,070 K and income totals -274,070 K. The company made 220,220 K in profit during its latest quarter, and -108,190 K in sales during its previous quarter.
