As of Friday close, Simon Property Group Inc.’s (NYSE:SPG) stock was down -$4.89, moving down -4.48 percent to $104.31. The average number of shares traded per day over the past five days has been 2,646,560 shares. 2 times new highs have been achieved over the past 5 days, with a -$7.19 fall in that time frame. In the last twenty days, the average volume was 1,718,970, while in the previous 50 days, it was 1,624,960.
Since last month, SPG stock retreated -16.90%. Shares of the company fell to $104.23 on 03/17/23, the lowest level in the past month. A 52-week high of $138.65 was reached on 02/02/23 after having rallying from a 52-week low of $86.02. Since the beginning of this year, SPG’s stock price has dropped by -11.21% or -$13.17, and marked a new high 6 times. However, the stock has declined by -24.77% since its 52-week high.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
SPG stock investors should be aware that Simon Property Group Inc. (SPG) stock had its last reported insider trading activity 78 days ago on Dec 30. SMITH J ALBERT JR, the Director of the company, purchased of 639 shares for $116.42 on Dec 30. It resulted in a $74,392 investment by the insider. HORN KAREN N added 510 shares at an average price of $116.42 on Dec 30. The insider now owns 33,528 shares following the transaction. On Dec 30, Director LEIBOWITZ REUBEN S bought 468 shares at $116.42 apiece. The transaction was valued at $54,485.
Valuation Metrics
Right now, Simon Property Group Inc. (SPG) has a P/E ratio of about 16.00. The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 6.78, the price-to-book (PB) ratio of 11.01, and the price-to-cash flow ratio of 42.08 may also be considered.
The latest dividend of $1.80 per share was paid out, remained unchanged from last year’s $1.80. On Tuesday November 1 2022, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 8.06, and the total debt-to-equity ratio was 8.06. On the profitability front, the trailing twelve-month gross margin is 81.10% percent. In the year ended December 30, operating margins totaled 48.80%. Based on annual data, SPG earned $2.58 billion in gross profit and brought in $5.29 billion 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 9.20%. Return on equity (ROE) for the past 12 months was 69.40%.
In Simon Property Group Inc.’s quarter-end financial report for December 30, it reported total debt of $24.64 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPG’s revenue rose 1.46% to $1.28 billion during the quarter, while net income inched up to $1.32 billion. While analysts expected Simon Property Group Inc. to report $1.7 quarterly earnings, the actual figure was $2.06 per share, beating the consensus estimate by 21.20%. During the quarter, the company generated $1.02 billion in EBITDA. The value of shareholders’ equity is $326.93 million.
Technical Picture
This quick technical analysis looks at Simon Property Group Inc.’s (SPG) price momentum. With a historical volatility rate of 31.91%, the RSI 9-day stood at 15.50% on 17 March.
With respect to its five-day moving average, the current Simon Property Group Inc. price is down by -6.45% percent or -$7.19. At present, SPG shares trade -16.12% below its 20-day simple moving average and +3.24% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.91% below its SMA50 and -9.02% below its SMA200.
Stochastic coefficient K was 9.79% and Stochastic coefficient D was 14.51%, while ATR was 3.84. Given the Stochastic reading of 0.38% for the 14-day period, the RSI (14) reading has been calculated as 21.83%. As of today, the MACD Oscillator reading stands at -5.42, while the 14-day reading stands at -8.88.
Analyst Ratings
Wolfe Research launched its rating on Simon Property Group Inc. (NYSE: SPG) to a Peer perform in a note to investors on October 18, 2022. Simon Property Group Inc. (SPG) has been rated Overweight by analysts. According to 0 brokerage firms, SPG is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Simon Property Group Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $131.00, the current consensus forecast for the stock is $111.00 – $160.00. Based on these forecasts, analysts predict Simon Property Group Inc. (SPG) will achieve an average price target of $131.00.