Analysis Of The Weekly Performance Of Seritage Growth Properties (SRG)

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Seritage Growth Properties (NYSE:SRG) finished Wednesday with a subtraction of -$1.0 to close at $10.05, a downside of -9.05 percent. An average of 958,060 shares of common stock have been traded in the last five days. There was a fall of -$2.20 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 642,755 shares traded, while the 50-day average volume stands at 720,532.

SRG stock has decreased by -20.93% in the last month. The company shares reached their 1-month lowest point of $10.05 on 09/21/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $4.90 and a high of $17.12 in 52 weeks. It has reached a new high 3 times so far this year and lost -24.27% or -$3.22 in price. In spite of this, the price is down -41.30% from the 52-week high.


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Insider Transactions

6 days have passed since Seritage Growth Properties (SRG) last reported insider trading activity. LAMPERT EDWARD S, who is 10% Owner, most recently acquired $65,917 shares at $11.82 per share on Sep 16.

Valuation Metrics

Seritage Growth Properties (SRG) stock’s beta is 2.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.84, the price-to-book (PB) ratio at 0.84.

Financial Health

Further, the company has a long term debt to equity ratio of 2.79 and a total debt to equity ratio of 2.79 for the recent quarter. Its gross profit as reported stood at -$56.73 million compared to revenue of $116.68 million.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. At the end of the recent quarter, Seritage Growth Properties’s stock balance sheet showed total debt was $1.46 billion. Shareholders own equity worth $56.03 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Seritage Growth Properties (SRG) price momentum. RSI 9-day as of the close on 21 September was 13.59%, suggesting the stock is oversold, with historical volatility in this time frame at 44.21%.

As of today, SRG’s price is $11.32 -17.96% or -$2.20 from its 5-day moving average. SRG is currently trading -22.51% lower than its 20-day SMA and -5.46% lower than its 100-day SMA. However, the stock’s current price level is -4.19% below the SMA50 and -25.99% below the SMA200.

The stochastic %K and %D were 13.07% and 14.89%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 0.00% and the average true range at 0.57, the RSI (14) stands at 24.72%. The stock has reached -0.87 on the 9-day MACD Oscillator while the 14-day reading was at -1.18.

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