Seritage Growth Properties (NYSE:SRG) saw an upside of 3.96% to $7.47 after adding $0.28 on Wednesday. The 5-day average trading volume is 472,223 shares of the company’s common stock. It has gained $7.66 in the past week and touched a new high 2 times within the past 5 days. An average of 335,361 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 364,208.
SRG’s 1-month performance is -1.64% or -$0.03 on its low of $7.14 reached on 09/26/23. The company’s shares have touched a 52-week low of $7.11 and high of $12.79, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, SRG has lost -36.81% or -$4.41 and has reached a new high 7 times. However, the current price is down -41.56% 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 2.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.97 while the price-to-book (PB) in the most recent quarter is 0.75.
In terms of profitability, the gross margin trailing 12 months is -39.11%. 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 26 September was 42.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.53%.
The stock’s 5-day moving average is $7.33, reflecting a -2.43% or -$0.18 change from its current price. SRG is currently trading -4.94% above its 20-day SMA, -0.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.40% and SMA200 by-37.16%.
Stochastic %K and %D was 19.95% and 18.61% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 40.33%, while the 14-day stochastic is at 38.73% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.24 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 Buy. Currently, 0 brokerage advisors rate SRG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
