Service Properties Trust (SVC) Price Targets: What Do They Mean?

As of Thursday close, Service Properties Trust’s (NASDAQ:SVC) stock was down -$0.16, moving down -2.04 percent to $7.68. The average number of shares traded per day over the past five days has been 1,173,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.30 fall in that time frame. In the last twenty days, the average volume was 819,630, while in the previous 50 days, it was 852,904.

Since last month, SVC stock retreated -7.02%. Shares of the company fell to $7.66 on 09/21/23, the lowest level in the past month. A 52-week high of $11.56 was reached on 03/06/23 after having rallying from a 52-week low of $4.86. Since the beginning of this year, SVC’s stock price has risen by 5.35% or $0.39, and marked a new high 17 times. However, the stock has declined by -33.59% since its 52-week high.

Top 5 AI Stocks to Buy for 2023

The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything. According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.

Click Here to Download the FREE Report.

Sponsored

Valuation Metrics

The stock’s beta is 2.20. Besides these, the trailing price-to-sales (P/S) ratio of 0.67, the price-to-book (PB) ratio of 0.95, and the price-to-cash flow ratio of 5.83 may also be considered.

The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Thursday October 13 2022, a $0.19 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 4.27, and the total debt-to-equity ratio was 4.27. On the profitability front, the trailing twelve-month gross margin is 35.30% percent. In the year ended June 29, operating margins totaled 10.70%. Based on annual data, SVC earned $164.06 million in gross profit and brought in $1.86 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 2.30%. Return on equity (ROE) for the past 12 months was -0.70%.

In Service Properties Trust’s quarter-end financial report for June 29, it reported total debt of $554.06 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SVC’s revenue fell -2.38% to $429.21 million during the quarter, while net income inched up to $503.78 million. While analysts expected Service Properties Trust to report -$0.02 quarterly earnings, the actual figure was -$0.07 per share. During the quarter, the company generated $174.75 million in EBITDA. The value of shareholders’ equity is $165.47 million.

Technical Picture

This quick technical analysis looks at Service Properties Trust’s (SVC) price momentum. With a historical volatility rate of 24.67%, the RSI 9-day stood at 31.38% on 21 September.

With respect to its five-day moving average, the current Service Properties Trust price is down by -3.76% percent or -$0.30. At present, SVC shares trade -7.58% below its 20-day simple moving average and -12.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.95% below its SMA50 and -1.29% below its SMA200.

Stochastic coefficient K was 16.54% and Stochastic coefficient D was 22.03%, while ATR was 0.19. Given the Stochastic reading of 2.86% for the 14-day period, the RSI (14) reading has been calculated as 34.94%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.10.

Analyst Ratings

Oppenheimer launched its rating on Service Properties Trust (NASDAQ: SVC) to a Perform in a note to investors on April 22, 2022. Service Properties Trust (SVC) has been rated Hold by analysts. According to 1 brokerage firm, SVC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Service Properties Trust stock as buy, with 1 recommending it as overweight.

With a median target price of $10.50, the current consensus forecast for the stock is $8.00 – $13.00. Based on these forecasts, analysts predict Service Properties Trust (SVC) will achieve an average price target of $10.50.

Most Popular

Related Posts