$7.08M in average volume shows that Macy’s Inc (M) is heading in the right direction

Macy’s Inc (NYSE: M) kicked off on Monday, down -0.52% from the previous trading day, before settling in for the closing price of $15.36. Over the past 52 weeks, M has traded in a range of $13.66-$22.10.

Consumer Cyclical Sector giant saw their annual sales surged by 0.80% over the last five years. While this was happening, its average annual earnings per share was recorded -31.25%. With a float of $275.55 million, this company’s outstanding shares have now reached $277.64 million.

The firm has a total of 85581 workers. Let’s measure their productivity. 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 Activity

Our next focus will be how large-scale investors are participating in this stock of the Department Stores Industry. The insider ownership of Macy’s Inc is 0.75%, while institutional ownership is 76.13%. 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) Earnings and Forecasts

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 -31.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -11.71% during the next five years compared to -36.16% drop over the previous five years of trading.

Macy’s Inc (NYSE: M) Trading Performance Indicators

Take a look at Macy’s Inc’s (M) current performance indicators. Last quarter, 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 0.18. Likewise, its price to free cash flow for the trailing twelve months is 7.42.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.59, a number that is poised to hit 1.55 in the next quarter and is forecasted to reach 2.32 in one year’s time.

Technical Analysis of Macy’s Inc (M)

Analysing the last 5-days average volume posted by the [Macy’s Inc, M], we can find that recorded value of 7.4 million was lower than the volume posted last year of 8.27 million. As of the previous 9 days, the stock’s Stochastic %D was 73.12%. Additionally, its Average True Range was 0.64.

During the past 100 days, Macy’s Inc’s (M) raw stochastic average was set at 36.24%, which indicates a significant decrease from 44.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.84% in the past 14 days, which was higher than the 38.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.89, while its 200-day Moving Average is $16.86. Now, the first resistance to watch is $15.55. This is followed by the second major resistance level at $15.82. The third major resistance level sits at $16.08. If the price goes on to break the first support level at $15.03, it is likely to go to the next support level at $14.77. Should the price break the second support level, the third support level stands at $14.50.

Macy’s Inc (NYSE: M) Key Stats

The company with the Market Capitalisation of 4.24 billion has total of 277,636K Shares Outstanding. Its annual sales at the moment are 23,866 M in contrast with the sum of 105,000 K annual income. Company’s last quarter sales were recorded 4,903 M and last quarter income was 28,000 K.