Is Seritage Growth Properties (SRG) Stock Cheap Or Risky?


As of Wednesday close, Seritage Growth Properties’s (NYSE:SRG) stock was up $0.34, moving up 2.97 percent to $11.78. The average number of shares traded per day over the past five days has been 353,240 shares. 3 times new highs have been achieved over the past 5 days, with a $0.24 gain in that time frame. In the last twenty days, the average volume was 974,815, while in the previous 50 days, it was 890,850.

Since last month, SRG stock rose 5.75%. Shares of the company fell to $10.00 on 10/27/22, the lowest level in the past month. A 52-week high of $15.90 was reached on 01/05/22 after having rallying from a 52-week low of $4.90. Since the beginning of this year, SRG’s stock price has dropped by -11.23% or -$1.49, and marked a new high 3 times. However, the stock has declined by -25.91% since its 52-week high.

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SRG stock investors should be aware that Seritage Growth Properties (SRG) stock had its last reported insider trading activity 13 days ago on Nov 11. LAMPERT EDWARD S, the 10% Owner of the company, disposed of 15,140 shares for $11.75 on Nov 11. It resulted in a $177,922 divestment by the insider. LAMPERT EDWARD S sold 83,314 shares at an average price of $11.56 on Nov 10. The insider now owns 15,770,149 shares following the transaction. On Oct 11, 10% Owner LAMPERT EDWARD S sold 119,886 shares at $9.54 apiece. The transaction was valued at $1,143,473.

Valuation Metrics

The stock’s beta is 2.81. Besides these, the trailing price-to-sales (P/S) ratio of 5.87, the price-to-book (PB) ratio of 1.04.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.

Financial Health

According to company report, the long-term debt-to-equity ratio for the recent quarter was 2.02, and the total debt-to-equity ratio was 2.02. On the profitability front, the trailing twelve-month gross margin is 36.40% percent. Based on annual data, SRG earned -$56.73 million in gross profit and brought in $116.68 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 -7.10%. Return on equity (ROE) for the past 12 months was -15.90%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$3.87 million in EBITDA. The value of shareholders’ equity is $56.03 million.

Technical Picture

This quick technical analysis looks at Seritage Growth Properties’s (SRG) price momentum. With a historical volatility rate of 24.89%, the RSI 9-day stood at 63.62% on 23 November.

With respect to its five-day moving average, the current Seritage Growth Properties price is up by +2.08% percent or $0.24. At present, SRG shares trade +9.89% above its 20-day simple moving average and +111.87% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.84% below its SMA50 and +24.79% above its SMA200.

Stochastic coefficient K was 54.97% and Stochastic coefficient D was 53.65%, while ATR was 0.42. Given the Stochastic reading of 69.23% for the 14-day period, the RSI (14) reading has been calculated as 60.76%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at 0.06.

Analyst Ratings

Seritage Growth Properties (SRG) has been rated Hold by analysts. According to 0 brokerage firms, SRG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Seritage Growth Properties stock as buy, with 0 recommending it as overweight.

With a median target price of $16.00, the current consensus forecast for the stock is $16.00 – $16.00. Based on these forecasts, analysts predict Seritage Growth Properties (SRG) will achieve an average price target of $16.00.


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