In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Macerich Co. (NYSE: MAC) closed at $15.17 down -1.30% from its previous closing price of $15.37. In other words, the price has decreased by -$1.30 from its previous closing price. On the day, 1.68 million shares were traded. MAC stock price reached its highest trading level at $15.605 during the session, while it also had its lowest trading level at $15.125.
Ratios:
For a deeper understanding of Macerich Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.37. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on March 22, 2024, Upgraded its rating to Neutral and sets its target price to $17 from $8 previously.
On October 02, 2023, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $11 to $12.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 28 ’24 when COPPOLA EDWARD C sold 75,000 shares for $17.19 per share. The transaction valued at 1,289,250 led to the insider holds 560,667 shares of the business.
COPPOLA EDWARD C sold 20,000 shares of MAC for $340,200 on Mar 27 ’24. The Director now owns 635,667 shares after completing the transaction at $17.01 per share. On Mar 20 ’24, another insider, O HERN THOMAS E, who serves as the Director of the company, sold 95,000 shares for $16.94 each. As a result, the insider received 1,609,300 and left with 102,900 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAC now has a Market Capitalization of 3412992256 and an Enterprise Value of 7672972800. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.71 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 8.96 whereas that against EBITDA is 17.312.
Stock Price History:
Over the past 52 weeks, MAC has reached a high of $17.69, while it has fallen to a 52-week low of $8.90. The 50-Day Moving Average of the stock is -8.18%, while the 200-Day Moving Average is calculated to be 12.55%.
Shares Statistics:
For the past three months, MAC has traded an average of 2.03M shares per day and 1627320 over the past ten days. A total of 215.98M shares are outstanding, with a floating share count of 214.21M. Insiders hold about 0.70% of the company’s shares, while institutions hold 88.65% stake in the company. Shares short for MAC as of 1711584000 were 12559951 with a Short Ratio of 6.19, compared to 1709164800 on 13145087. Therefore, it implies a Short% of Shares Outstanding of 12559951 and a Short% of Float of 8.290000000000001.
Dividends & Splits
According to the company, the forward annual dividend rate for MAC is 0.68, from 0.68 in the trailing year. The stock’s 5-year Average Dividend Yield is 9.67.
Earnings Estimates
The stock of Macerich Co. (MAC) is currently being evaluated by AMC Entertainment Holdings, Inc analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $35.77, with high estimates of $4.66 and low estimates of $181.47.
Analysts are recommending an EPS of between $Basic Materials and $Technology for the fiscal current year, implying an average EPS of $Financial Services.
