The stock of Seritage Growth Properties (NYSE:SRG) decreased by -$0.86 on Tuesday to finish at $8.03, down -9.67 percent. The last five days have seen an average of 636,740 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$3.80. The average number of shares traded over the last 20 days was 325,615, while the average volume over the last 50 days totaled 372,706.
SRG stock dropped -11.47% since last month. On 08/15/23, the company’s shares reached a one-month low of $7.84. The stock touched a high of $13.98 on 02/03/23, after rallying from a low of $7.11 in 52 weeks. The price of SRG stock has declined by -32.12% or -$3.80 this year, reaching a new high 7 times. Still, the stock price is down -42.56% from the 52-week high.
Insider Transactions
SRG stock investors should be aware that Seritage Growth Properties (SRG) stock had its last reported insider trading activity 191 days ago on Feb 06. On Feb 06, 10% Owner LAMPERT EDWARD S sold 120,462 shares at $12.60 each. This transaction resulted in the insider making $1,518,074. On Feb 02, LAMPERT EDWARD S sold 283,291 shares at a price of US$12.53. After the transaction, the insider now owns 15,200,000 shares. 10% Owner LAMPERT EDWARD S had earlier sold 1,200 shares on Jan 13 for $12.30 a share. The transaction was completed for $14,763.
Valuation Metrics
Beta for the stock is 2.66. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.07, the price-to-book (PB) ratio of 0.69.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 1.22, and the total debt to equity ratio is 1.22. As far as profitability goes, gross margin for the trailing twelve months is 26.80% percent. Based on annual data, it had gross profit of -$82.95 million and revenue of $107.06 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SRG’s return on assets (ROA) during the last 12 months has been -4.60%. There was a -12.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -14.00%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was -$11.43 million for the quarter. At the end of Seritage Growth Properties’s most recent quarter, its total debt was $799.86 million. Equity owned by shareholders amounts to $56.18 million.
Technical Picture
Here’s a quick look at Seritage Growth Properties’s (SRG) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 16.19%, suggesting the stock is oversold, with a 51.17% historical volatility rate.
The stochastic %K and %D were 18.47% and 28.97% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 12.11%, the RSI (14) reading is 25.51%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -0.51.
Analyst Ratings
In its analyst report released on July 12, 2023, Odeon began covering Seritage Growth Properties (NYSE: SRG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Seritage Growth Properties (SRG) an Hold rating. SRG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is SRG’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $16.00, with a median target price of $16.00. In analyzing these forecasts, the average price target given by analysts for Seritage Growth Properties (SRG) is $16.00.
