How Have Simon Property Group Acquisition Holdings Inc. (SPGS) Insiders Been Trading?


Simon Property Group Acquisition Holdings Inc. (NYSE:SPGS) finished Thursday with a subtraction of $0.0 to close at $9.84, a downside of 0.00 percent. An average of 420,298 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 180,205 shares traded, while the 50-day average volume stands at 110,804.

SPGS stock has decreased by -0.10% in the last month. The company shares reached their 1-month lowest point of $9.81 on 08/25/22. With the stock rallying to its 52-week high on 07/28/22, shares of the company touched a low of $9.68 and a high of $9.88 in 52 weeks. It has reached a new high 15 times so far this year and achieved 1.03% or $0.10 in price. In spite of this, the price is down -0.40% from the 52-week high.

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Valuation Metrics

Simon Property Group Acquisition Holdings Inc. (SPGS) has a trailing price-to-earnings (P/E) ratio of 16.94. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.36.

Financial Health

The quick ratio of Simon Property Group Acquisition Holdings Inc. for the recent quarter was 3.10, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Simon Property Group Acquisition Holdings Inc.’s return on assets was 4.40%.

Earnings Surprise

The company posted a net income of $3.84 million in the quarter, while revenues of $4.65 million were grew 107.55%. Shareholders own equity worth $43.12 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Simon Property Group Acquisition Holdings Inc. (SPGS) price momentum. RSI 9-day as of the close on 22 September was 54.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 0.83%.

As of today, SPGS’s price is $9.84 +0.20% or $0.02 from its 5-day moving average. SPGS is currently trading +0.05% higher than its 20-day SMA and +0.36% higher than its 100-day SMA. However, the stock’s current price level is +0.20% above the SMA50 and +0.41% above the SMA200.

The stochastic %K and %D were 45.83% and 37.50%, respectively, and the average true range (ATR) was 0.01. With the 14-day stochastic at 50.00% and the average true range at 0.01, the RSI (14) stands at 52.55%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.


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