A new trading day began on Friday, with Macy’s Inc (NYSE: M) stock price up 2.46% from the previous day of trading, before settling in for the closing price of $15.85. M’s price has ranged from $14.06 to $22.10 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 0.80%. Meanwhile, its annual earnings per share averaged -29.93%. With a float of $275.54 million, this company’s outstanding shares have now reached $277.64 million.
The extent of productivity of a business whose workforce counts for 85581 workers is very important to gauge. In terms of profitability, gross margin is 40.86%, operating margin of 5.66%, and the pretax margin is 0.96%.
Macy’s Inc (M) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Department Stores Industry. The insider ownership of Macy’s Inc is 0.75%, while institutional ownership is 75.99%. The most recent insider transaction that took place on Sep 05 ’24, was worth 18,291. In this transaction SVP and Controller of this company sold 1,201 shares at a rate of $15.23, taking the stock ownership to the 29,232 shares. Before that another transaction happened on Sep 05 ’24, when Company’s Officer proposed sale 4,085 for $15.30, making the entire transaction worth $62,500.
Macy’s Inc (M) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -29.93% per share during the next fiscal year.
Macy’s Inc (NYSE: M) Trading Performance Indicators
Here are Macy’s Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20. Likewise, its price to free cash flow for the trailing twelve months is 8.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.59, a number that is poised to hit 1.57 in the next quarter and is forecasted to reach 2.36 in one year’s time.
Technical Analysis of Macy’s Inc (M)
The latest stats from [Macy’s Inc, M] show that its last 5-days average volume of 7.81 million was superior to 6.43 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 51.22%. Additionally, its Average True Range was 0.68.
During the past 100 days, Macy’s Inc’s (M) raw stochastic average was set at 55.33%, which indicates a significant decrease from 60.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.79% in the past 14 days, which was lower than the 42.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.87, while its 200-day Moving Average is $17.35. Now, the first resistance to watch is $16.67. This is followed by the second major resistance level at $17.11. The third major resistance level sits at $17.59. If the price goes on to break the first support level at $15.76, it is likely to go to the next support level at $15.28. The third support level lies at $14.84 if the price breaches the second support level.
Macy’s Inc (NYSE: M) Key Stats
With a market capitalization of 4.62 billion, the company has a total of 277,636K Shares Outstanding. Currently, annual sales are 23,866 M while annual income is 105,000 K. The company’s previous quarter sales were 4,903 M while its latest quarter income was 28,000 K.