Seritage Growth Properties (NYSE:SRG) finished Friday with a subtraction of -$0.3 to close at $8.90, a downside of -3.26 percent. An average of 319,700 shares of common stock have been traded in the last five days. There was a fall of -$0.31 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 251,565 shares traded, while the 50-day average volume stands at 360,578.
SRG stock has decreased by -8.15% in the last month. The company shares reached their 1-month lowest point of $8.79 on 08/11/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $7.11 and a high of $14.52 in 52 weeks. It has reached a new high 7 times so far this year and lost -24.77% or -$2.93 in price. In spite of this, the price is down -38.71% from the 52-week high.
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Insider Transactions
SRG stock investors should be aware that Seritage Growth Properties (SRG) stock had its last reported insider trading activity 187 days ago on Feb 06. In this transaction, the insider spent $1,518,074. 10% Owner, LAMPERT EDWARD S, disposed of 283,291 shares at a price of $12.53 on Feb 02. The insider now owns more than $3,550,486 worth of shares. Prior to that, 10% Owner LAMPERT EDWARD S went on to Sale 1,200 shares at $12.30 each on Jan 13. An amount of $14,763 was transacted.
Valuation Metrics
Seritage Growth Properties (SRG) stock’s beta is 2.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.43, the price-to-book (PB) ratio at 0.76.
Financial Health
Further, the company has a long term debt to equity ratio of 1.22 and a total debt to equity ratio of 1.22 for the recent quarter. Its gross profit as reported stood at -$82.95 million compared to revenue of $107.06 million.
Earnings Surprise
At the end of the recent quarter, Seritage Growth Properties’s stock balance sheet showed total debt was $799.86 million. Shareholders own equity worth $56.17 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Seritage Growth Properties (SRG) price momentum. RSI 9-day as of the close on 11 August was 34.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.07%.
As of today, SRG’s price is $9.18 -3.37% or -$0.31 from its 5-day moving average. SRG is currently trading -4.20% lower than its 20-day SMA and +17.11% higher than its 100-day SMA. However, the stock’s current price level is +19.62% above the SMA50 and -15.88% below the SMA200.
The stochastic %K and %D were 37.88% and 52.86%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 16.79% and the average true range at 0.23, the RSI (14) stands at 42.29%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
Odeon launched coverage on Seritage Growth Properties (NYSE: SRG) in its analyst report released on July 12, 2023. The firm assigned the stock a Buy rating. The consensus rating for Seritage Growth Properties (SRG) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SRG, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is SRG’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $16.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for Seritage Growth Properties (SRG) stock is $16.00.
