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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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.
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.
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.
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.
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.