Does Wall Street Rate The Macerich Company (MAC) Shares A Sell?


As of Friday close, The Macerich Company’s (NYSE:MAC) stock was down -$0.32, moving down -3.30 percent to $9.39. The average number of shares traded per day over the past five days has been 4,254,460 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.29 fall in that time frame. In the last twenty days, the average volume was 2,197,435, while in the previous 50 days, it was 1,758,980.

Since last month, MAC stock retreated -29.24%. Shares of the company fell to $9.00 on 03/17/23, the lowest level in the past month. A 52-week high of $16.67 was reached on 02/02/23 after having rallying from a 52-week low of $7.40. Since the beginning of this year, MAC’s stock price has dropped by -16.61% or -$1.87, and marked a new high 14 times. However, the stock has declined by -43.66% since its 52-week high.

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MAC stock investors should be aware that The Macerich Company (MAC) stock had its last reported insider trading activity 109 days ago on Nov 29. Zecchini Christopher J, the Chief Accounting Officer of the company, disposed of 2,000 shares for $12.65 on Nov 29. It resulted in a $25,302 divestment by the insider. Volk Kenneth added 10,000 shares at an average price of $7.58 on Sep 26. The insider now owns 46,924 shares following the transaction. On Sep 26, Chief Financial Officer Kingsmore Scott W bought 4,000 shares at $7.54 apiece. The transaction was valued at $30,180.

Valuation Metrics

The stock’s beta is 2.18. Besides these, the trailing price-to-sales (P/S) ratio of 2.51, the price-to-book (PB) ratio of 0.70, and the price-to-cash flow ratio of 12.00 may also be considered.

The latest dividend of $0.17 per share was paid out, remained unchanged from last year’s $0.17. On Friday October 28 2022, a $0.02 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.59, and the total debt-to-equity ratio was 1.59. On the profitability front, the trailing twelve-month gross margin is 54.60% percent. In the year ended December 30, operating margins totaled -10.10%. Based on annual data, MAC earned $150.03 million in gross profit and brought in $859.16 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 -1.20%. Return on equity (ROE) for the past 12 months was -2.30%.

In The Macerich Company’s quarter-end financial report for December 30, it reported total debt of $4.24 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MAC’s revenue fell -0.51% to $210.7 million during the quarter, while net income inched up to $228.23 million. While analysts expected The Macerich Company to report $0.02 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated $130.84 million in EBITDA. The value of shareholders’ equity is $215.03 million.

Technical Picture

This quick technical analysis looks at The Macerich Company’s (MAC) price momentum. With a historical volatility rate of 29.54%, the RSI 9-day stood at 10.41% on 17 March.

With respect to its five-day moving average, the current The Macerich Company price is down by -12.08% percent or -$1.29. At present, MAC shares trade -26.87% below its 20-day simple moving average and -0.42% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.88% below its SMA50 and -20.09% below its SMA200.

Stochastic coefficient K was 11.25% and Stochastic coefficient D was 10.13%, while ATR was 0.54. Given the Stochastic reading of 11.75% for the 14-day period, the RSI (14) reading has been calculated as 17.78%. As of today, the MACD Oscillator reading stands at -0.93, while the 14-day reading stands at -1.45.

Analyst Ratings

The Macerich Company (MAC) has been rated Hold by analysts. According to 4 brokerage firms, MAC is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate The Macerich Company stock as buy, with 3 recommending it as overweight.

With a median target price of $13.00, the current consensus forecast for the stock is $8.00 – $18.00. Based on these forecasts, analysts predict The Macerich Company (MAC) will achieve an average price target of $12.75.


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