Seritage Growth Properties (NYSE:SRG) saw an upside of 2.32% to close Friday at $7.95 after adding $0.18 on the day. The 5-day average trading volume is 704,620 shares of the company’s common stock. It has gained $8.94 in the past week and touched a new high 1 time within the past 5 days. An average of 369,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 376,460.
SRG’s 1-month performance is -13.30% or -$1.25 on its low of $7.70 reached on 08/18/23. The company’s shares have touched a 52-week low of $7.11 and high of $13.70, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, SRG has lost -32.80% or -$3.88 and has reached a new high 7 times. However, the current price is down -41.97% from the 52-week high price.
Insider Transactions
SRG stock investors last saw insider trading activity on Feb 06.LAMPERT EDWARD S (10% Owner) most recently sold 120,462 shares at $12.60 per share on Feb 06. This transaction cost the insider $1,518,074. 10% Owner, LAMPERT EDWARD S, sold 283,291 shares at a price of $12.53 on Feb 02. Then, on Jan 13, 10% Owner LAMPERT EDWARD S sold 1,200 shares at a price of $12.30 per share. This transaction amounted to $14,763.
Valuation Metrics
SRG stock has a beta of 2.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.24 while the price-to-book (PB) in the most recent quarter is 0.80.
. In terms of profitability, the gross margin trailing 12 months is 12.50%. The firm’s gross profit as reported stood at -$82.95 million against revenue of $107.06 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$11.43 million. Shareholders hold equity totaling $56.18 million.
Let’s look briefly at Seritage Growth Properties (SRG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 23.49% to suggest the stock is trending oversold, with historical volatility in this time period at 51.57%.
The stock’s 5-day moving average is $8.12, reflecting a -10.67% or -$0.95 change from its current price. SRG is currently trading -14.70% above its 20-day SMA, +4.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.34% and SMA200 by-25.91%.
Stochastic %K and %D was 7.66% and 10.01% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 28.90%, while the 14-day stochastic is at 14.33% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.69 and -0.92 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Seritage Growth Properties (NYSE: SRG), Odeon launched coverage with a Buy rating. Analysts offering their rating for SRG stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate SRG as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is SRG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $16.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for Seritage Growth Properties (SRG) stock is $16.00.
