How Macy’s Inc. (M) Works From A Technical Perspective

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Macy’s Inc. (NYSE:M) finished Thursday with an addition of $0.41 to close at $20.46, an upside of 2.04 percent. An average of 7,490,660 shares of common stock have been traded in the last five days. There was a gain of $0.04 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 7,994,405 shares traded, while the 50-day average volume stands at 10,059,710.

M stock has decreased by -12.90% in the last month. The company shares reached their 1-month lowest point of $19.40 on 12/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $15.10 and a high of $28.52 in 52 weeks. It has reached a new high 1 time so far this year and lost -21.85% or -$5.72 in price. In spite of this, the price is down -28.26% from the 52-week high.

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Insider Transactions

M stock investors should be aware that Macy’s Inc. (M) stock had its last reported insider trading activity 35 days ago on Nov 25. In this transaction, the insider spent $77,035. SVP and Controller, Griscom Paul, disposed of 1,223 shares at a price of $17.05 on Sep 06. The insider now owns more than $20,852 worth of shares. Prior to that, SVP and Controller Griscom Paul went on to Sale 2,868 shares at $17.43 each on Aug 31. An amount of $49,992 was transacted.

Valuation Metrics

Macy’s Inc. (M) has a trailing price-to-earnings (P/E) ratio of 4.26. The stock’s beta is 1.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.21, the price-to-book (PB) ratio at 1.64, and the price-to-cash flow ratio at 3.89.

The company has a payout ratio of 12.20%. The company’s most recent quarterly dividend payment was $0.1575 a share, without any change from last year. Its latest increase dividend $0.0005 reported on Friday August 26 2022.

Financial Health

The quick ratio of Macy’s Inc. for the three months ended July 30 was 0.10, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.86 and a total debt to equity ratio of 0.91 for the quarter ending July 30. Its gross profit as reported stood at $10.34 billion compared to revenue of $25.29 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Macy’s Inc.’s return on assets was 8.20%.

Earnings Surprise

For the three-month period that ended July 30, Macy’s Inc. had $3.0 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $108.0 million in the quarter, while revenues were shrunk -121.3%. The analyst consensus anticipated Macy’s Inc.’s latest quarter earnings to come in at $0.85 per share, but it turned out to be $1, a 17.60% surprise. For the quarter, EBITDA amounted to $420.0 million. Shareholders own equity worth $271.11 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Macy’s Inc. (M) price momentum. RSI 9-day as of the close on 29 December was 42.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.04%.

As of today, M’s price is $20.25 +0.20% or $0.04 from its 5-day moving average. M is currently trading -12.94% lower than its 20-day SMA and +8.95% higher than its 100-day SMA. However, the stock’s current price level is +7.85% above the SMA50 and -17.70% below the SMA200.

The stochastic %K and %D were 23.36% and 22.69%, respectively, and the average true range (ATR) was 0.74. With the 14-day stochastic at 28.73% and the average true range at 0.79, the RSI (14) stands at 44.19%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.47.

Analyst Ratings

Morgan Stanley upgraded Macy’s Inc. (NYSE: M) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight.

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