Upward Trajectory: Seritage Growth Properties (SRG) Posts a Slidee, Closing at 6.78

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The closing price of Seritage Growth Properties (NYSE: SRG) was $6.78 for the day, down -27.25% from the previous closing price of $9.32. In other words, the price has decreased by -$27.25 from its previous closing price. On the day, 5.52 million shares were traded. SRG stock price reached its highest trading level at $6.8499 during the session, while it also had its lowest trading level at $5.65.

Ratios:

Our analysis of SRG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.64. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.61.

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 this company, Odeon on July 12, 2023, initiated with a Buy rating and assigned the stock a target price of $14.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when LAMPERT EDWARD S sold 25,655 shares for $9.76 per share. The transaction valued at 250,288 led to the insider holds 13,484,162 shares of the business.

LAMPERT EDWARD S sold 6,447 shares of SRG for $61,923 on Feb 28 ’24. The 10% Owner now owns 13,509,817 shares after completing the transaction at $9.61 per share. On Feb 27 ’24, another insider, LAMPERT EDWARD S, who serves as the 10% Owner of the company, sold 20,694 shares for $9.60 each. As a result, the insider received 198,681 and left with 13,516,264 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, SRG now has a Market Capitalization of 381499072 and an Enterprise Value of 597826176. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.89 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 25.423 whereas that against EBITDA is -14.223.

Stock Price History:

The Beta on a monthly basis for SRG is 2.67, which has changed by -0.0923695 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, SRG has reached a high of $9.92, while it has fallen to a 52-week low of $7.07. The 50-Day Moving Average of the stock is -27.52%, while the 200-Day Moving Average is calculated to be -22.75%.

Shares Statistics:

SRG traded an average of 337.46K shares per day over the past three months and 824420 shares per day over the past ten days. A total of 56.19M shares are outstanding, with a floating share count of 36.20M. Insiders hold about 35.67% of the company’s shares, while institutions hold 53.90% stake in the company. Shares short for SRG as of 1714435200 were 7540162 with a Short Ratio of 22.34, compared to 1711584000 on 7168287. Therefore, it implies a Short% of Shares Outstanding of 7540162 and a Short% of Float of 17.729999.

Earnings Estimates

The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

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