Macy’s Inc. (NYSE:M) went up by 9.85% from its latest closing price compared to the recent 1-year high of $22.30. The company’s stock price has collected 23.88% of gains in the last five trading sessions. Barron’s reported on 03/12/21 that Macy’s Stock Rally Isn’t Over Yet. Here’s Why.
Is It Worth Investing in Macy’s Inc. (NYSE :M) Right Now?
Plus, the 36-month beta value for M is at 2.17. Opinions of the stock are interesting as 1 analysts out of 15 who provided ratings for Macy’s Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 8 rated it as “hold,” and 5 as “sell.”
The average price from analysts is $13.03, which is -$5.83 below the current price. M currently public float of 308.08M and currently shorts hold a 14.85% ratio of that float. Today, the average trading volume of M was 23.65M shares.
M’s Market Performance
M stocks went up by 23.88% for the week, with a monthly jump of 22.18% and a quarterly performance of 60.50%, while its annual performance rate touched 153.79%. The volatility ratio for the week stands at 7.92% while the volatility levels for the past 30 days are set at 6.46% for Macy’s Inc.. The simple moving average for the period of the last 20 days is 20.52% for M stocks with a simple moving average of 103.50% for the last 200 days.
Analysts’ Opinion of M
Many brokerage firms have already submitted their reports for M stocks, with Telsey Advisory Group repeating the rating for M by listing it as a “Market Perform.” The predicted price for M in the upcoming period, according to Telsey Advisory Group is $16 based on the research report published on February 24th of the current year 2021.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see M reach a price target of $14, previously predicting the price at $10. The rating they have provided for M stocks is “Market Perform” according to the report published on February 19th, 2021.
Jefferies gave a rating of “Buy” to M, setting the target price at $14 in the report published on December 18th of the previous year.
M Trading at 30.26% from the 50-Day Moving Average
After a stumble in the market that brought M to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.01% of loss for the given period.
Volatility was left at 6.46%, however, over the last 30 days, the volatility rate increased by 7.92%, as shares surge +23.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +62.73% upper at present.
During the last 5 trading sessions, M rose by +23.88%, which changed the moving average for the period of 200-days by +153.79% in comparison to the 20-day moving average, which settled at $15.72. In addition, Macy’s Inc. saw 66.49% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at M starting from VARGA PAUL C, who purchase 6,514 shares at the price of $15.35 back on Mar 01. After this action, VARGA PAUL C now owns 40,479 shares of Macy’s Inc., valued at $99,990 using the latest closing price.
VARGA PAUL C, the Director of Macy’s Inc., purchase 13,115 shares at $15.25 during a trade that took place back on Feb 26, which means that VARGA PAUL C is holding 33,965 shares at $200,004 based on the most recent closing price.
Stock Fundamentals for M
Current profitability levels for the company are sitting at:
- -5.28 for the present operating margin
- +32.11 for the gross margin
The net margin for Macy’s Inc. stands at -21.79. The total capital return value is set at -7.84, while invested capital returns managed to touch -34.20. Equity return is now at value -107.60, with -19.20 for asset returns.
Based on Macy’s Inc. (M), the company’s capital structure generated 315.08 points at debt to equity in total, while total debt to capital is 75.91. Total debt to assets is 45.43, with long-term debt to equity ratio resting at 297.38. Finally, the long-term debt to capital ratio is 71.64.
When we switch over and look at the enterprise to sales, we see a ratio of 0.61, with the company’s debt to enterprise value settled at 0.73. The receivables turnover for the company is 43.50 and the total asset turnover is 0.90. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.