An Insider Bought 2,100 Shares Of The Macerich Company (MAC)

At the last check on Friday, The Macerich Company’s (NYSE:MAC) stock was up $0.17, moving up 1.36 percent to $12.69. The average number of shares traded per day over the past five days has been 4,213,966 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.84 fall in that time frame. In the last twenty days, the average volume was 3,652,447, while in the previous 50 days, it was 3,168,824.

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Since last month, MAC stock retreated -10.25%. Shares of the company fell to $11.76 on 05/12/22, the lowest level in the past month. A 52-week high of $22.88 was reached on 01/05/22 after having rallying from a 52-week low of $11.76. Since the beginning of this year, MAC’s stock price has dropped by -27.55% or -$4.61, and marked a new high 3 times. However, the stock has declined by -44.54% since its 52-week high.

The Macerich Company (MAC) last reported insider trading activity 43 days ago on Mar 31. COPPOLA EDWARD C, the President of the company, purchased of 2,100 shares for $15.90 on Mar 31. It resulted in a $33,398 investment by the insider. COPPOLA EDWARD C added 10,000 shares at an average price of $14.98 on Mar 28. The insider now owns 473,639 shares following the transaction. On Mar 24, Chief Executive Officer O HERN THOMAS E bought 10,000 shares at $14.62 apiece. The transaction was valued at $146,150.

Valuation Metrics

Right now, The Macerich Company (MAC) has a P/E ratio of about 278.22. The stock’s beta is 1.94. Besides these, the trailing price-to-sales (P/S) ratio of 3.11, the price-to-book (PB) ratio of 0.88, and the price-to-cash flow ratio of 19.12 may also be considered.

The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Friday July 24 2020, a $0.35 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.53, and the total debt-to-equity ratio was 1.53. On the profitability front, the trailing twelve-month gross margin is 55.10% percent. In the year ended March 30, operating margins totaled -19.20%. Based on annual data, MAC earned $125.37 million in gross profit and brought in $847.44 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.20%. Return on equity (ROE) for the past 12 months was 0.40%.

In The Macerich Company’s quarter-end financial report for March 30, it reported total debt of $4.41 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MAC’s revenue rose 11.9% to $229.4 million during the quarter, while net income inched up to $216.14 million. While analysts expected The Macerich Company to report -$0.03 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by -466.70%. During the quarter, the company generated $119.49 million in EBITDA. The value of shareholders’ equity is $214.65 million.

Technical Picture

This quick technical analysis looks at The Macerich Company’s (MAC) price momentum. With a historical volatility rate of 75.43%, the RSI 9-day stood at 43.11% on 12 May.

With respect to its five-day moving average, the current The Macerich Company price is down by -6.22% percent or -$0.84. At present, MAC shares trade -11.03% below its 20-day simple moving average and -20.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.31% below its SMA50 and -24.09% below its SMA200.

Stochastic coefficient K was 23.41% and Stochastic coefficient D was 23.58%, while ATR was 0.81. Given the Stochastic reading of 37.76% for the 14-day period, the RSI (14) reading has been calculated as 42.47%. As of today, the MACD Oscillator reading stands at -0.59, while the 14-day reading stands at -0.54.

Analyst Ratings

The Macerich Company downgraded its rating on The Macerich Company (NYSE: MAC) to an Underweight in a note to investors on April 18, 2022. The analysts firm previously had a Neutral rating on the stock.The Macerich Company (MAC) has been rated Hold by analysts. According to 6 brokerage firms, MAC is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate The Macerich Company stock as buy, with 3 recommending it as overweight.

With a median target price of $16.00, the current consensus forecast for the stock is $11.25 – $27.00. Based on these forecasts, analysts predict The Macerich Company (MAC) will achieve an average price target of $16.77.


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