How Have The Macerich Company (MAC) Insiders Been Trading?

SNOW Stock
SNOW Stock

The Macerich Company (NYSE:MAC) finished Wednesday with a subtraction of -$0.49 to close at $11.05, a downside of -4.25 percent. An average of 1,370,240 shares of common stock have been traded in the last five days. There was a fall of -$0.43 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,790,000 shares traded, while the 50-day average volume stands at 2,397,086.

MAC stock has decreased by -10.82% in the last month. The company shares reached their 1-month lowest point of $11.02 on 12/28/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $7.40 and a high of $19.18 in 52 weeks. It has reached a new high 3 times so far this year and lost -36.05% or -$6.23 in price. In spite of this, the price is down -42.39% from the 52-week high.

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Insider Transactions

MAC stock investors should be aware that The Macerich Company (MAC) stock had its last reported insider trading activity 30 days ago on Nov 29. In this transaction, the insider spent $25,302. Chief Accounting Officer, Zecchini Christopher J, disposed of 2,000 shares at a price of $8.74 on Sep 20. The insider now owns more than $17,484 worth of shares.

Valuation Metrics

The Macerich Company (MAC) stock’s beta is 2.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.74, the price-to-book (PB) ratio at 0.82, and the price-to-cash flow ratio at 15.32.

The company’s most recent quarterly dividend payment was $0.17 a share, representing a up of 13.33% from $0.15 last year. Its latest increase dividend $0.02 reported on Friday October 28 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.55 and a total debt to equity ratio of 1.55 for the quarter ending June 29. Its gross profit as reported stood at $125.37 million compared to revenue of $847.44 million.

Earnings Surprise

For the three-month period that ended June 29, The Macerich Company had $4.26 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$15.19 million in the quarter, while revenues of -$15.38 million were grew 802.44%. The analyst consensus anticipated The Macerich Company’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.07, a -40.00% surprise. For the quarter, EBITDA amounted to $110.88 million. At the end of the quarter ending June 29, The Macerich Company’s stock balance sheet showed total debt was $4.66 billion. Shareholders own equity worth $214.78 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Macerich Company (MAC) price momentum. RSI 9-day as of the close on 28 December was 26.40%, suggesting the stock is oversold, with historical volatility in this time frame at 29.39%.

As of today, MAC’s price is $11.45 -3.75% or -$0.43 from its 5-day moving average. MAC is currently trading -14.80% lower than its 20-day SMA and +6.45% higher than its 100-day SMA. However, the stock’s current price level is +19.33% above the SMA50 and -21.91% below the SMA200.

The stochastic %K and %D were 13.05% and 16.34%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 1.36% and the average true range at 0.40, the RSI (14) stands at 34.93%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.54.

Analyst Ratings

The consensus rating for The Macerich Company (MAC) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell MAC, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is MAC’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $20.00, with a median target of $12.50. Taking a look at these predictions, the average price target given by analysts for The Macerich Company (MAC) stock is $12.54.


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