The stock of Simon Property Group Inc. (SPG) has gone down by -6.97% for the week, with a -9.77% drop in the past month and a -3.90% drop in the past quarter. The volatility ratio for the week is 3.61%, and the volatility levels for the past 30 days are 2.31% for SPG. The simple moving average for the last 20 days is -7.66% for SPG stock, with a simple moving average of 1.83% for the last 200 days.
Is It Worth Investing in Simon Property Group Inc. (NYSE: SPG) Right Now?
Simon Property Group Inc. (NYSE: SPG) has a price-to-earnings ratio that is above its average at 17.21x. and a 36-month beta value of 1.56. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The average price predicted for Simon Property Group Inc. (SPG) by analysts is $130.93, which is $18.87 above the current market price. The public float for SPG is 325.77M, and at present, short sellers hold a 1.72% of that float. On March 15, 2023, the average trading volume of SPG was 1.52M shares.
SPG) stock’s latest price update
Simon Property Group Inc. (NYSE: SPG)’s stock price has increased by 0.70 compared to its previous closing price of 111.42. Nevertheless, the company has seen a -6.97% plunge in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/08/22 that Peloton, Pfizer, Meta, General Motors: What to Watch in the Stock Market Today
Analysts’ Opinion of SPG
The stock of Simon Property Group Inc. (SPG) has gone down by -6.97% for the week, with a -9.77% drop in the past month and a -3.90% drop in the past quarter. The volatility ratio for the week is 3.61%, and the volatility levels for the past 30 days are 2.31% for SPG. The simple moving average for the last 20 days is -7.66% for SPG stock, with a simple moving average of 1.83% for the last 200 days.
Analysts’ Opinion of SPG
Jefferies, on the other hand, stated in their research note that they expect to see SPG reach a price target of $100. The rating they have provided for SPG stocks is “Hold” according to the report published on June 30th, 2022.
Argus gave a rating of “Buy” to SPG, setting the target price at $142 in the report published on September 22nd of the previous year.
SPG Trading at -8.68% from the 50-Day Moving Average
After a stumble in the market that brought SPG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.08% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares sank -10.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.36% lower at present.
During the last 5 trading sessions, SPG fell by -6.97%, which changed the moving average for the period of 200-days by +2.76% in comparison to the 20-day moving average, which settled at $120.83. In addition, Simon Property Group Inc. saw -4.49% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPG starting from SMITH J ALBERT JR, who purchase 639 shares at the price of $116.42 back on Dec 30. After this action, SMITH J ALBERT JR now owns 59,477 shares of Simon Property Group Inc., valued at $74,392 using the latest closing price.
HORN KAREN N, the Director of Simon Property Group Inc., purchase 510 shares at $116.42 during a trade that took place back on Dec 30, which means that HORN KAREN N is holding 33,528 shares at $59,374 based on the most recent closing price.
Stock Fundamentals for SPG
Current profitability levels for the company are sitting at:
- +49.08 for the present operating margin
- +57.89 for the gross margin
The net margin for Simon Property Group Inc. stands at +40.43. Equity return is now at value 69.40, with 6.50 for asset returns.
Conclusion
To sum up, Simon Property Group Inc. (SPG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
