Seritage Growth Properties (NYSE: SRG)’s stock price has plunge by -1.64relation to previous closing price of 9.45. Nevertheless, the company has seen a -3.58% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-01-24 that REITs could be excellent buys this year. If analyst forecasts are to be believed, then interest rates could be reduced soon, with some economists predicting it could happen as early as June this year.
Is It Worth Investing in Seritage Growth Properties (NYSE: SRG) Right Now?
Additionally, the 36-month beta value for SRG is 2.65. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
The public float for SRG is 36.05M and currently, short sellers hold a 19.88% ratio of that float. The average trading volume of SRG on April 11, 2024 was 325.39K shares.
SRG’s Market Performance
SRG’s stock has seen a -3.58% decrease for the week, with a -0.16% drop in the past month and a -0.69% fall in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 2.44% for Seritage Growth Properties The simple moving average for the past 20 days is -0.60% for SRG’s stock, with a 6.16% simple moving average for the past 200 days.
Analysts’ Opinion of SRG
Many brokerage firms have already submitted their reports for SRG stocks, with Odeon repeating the rating for SRG by listing it as a “Buy.” The predicted price for SRG in the upcoming period, according to Odeon is $14 based on the research report published on July 12, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see SRG reach a price target of $16, previously predicting the price at $45. The rating they have provided for SRG stocks is “Sector Perform” according to the report published on April 15th, 2020.
SRG Trading at -1.22% from the 50-Day Moving Average
After a stumble in the market that brought SRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.30% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +0.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.11% lower at present.
During the last 5 trading sessions, SRG fell by -3.53%, which changed the moving average for the period of 200-days by +10.58% in comparison to the 20-day moving average, which settled at $9.35. In addition, Seritage Growth Properties saw -0.59% 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 SRG starting from LAMPERT EDWARD S, who sale 25,655 shares at the price of $9.76 back on Apr 01 ’24. After this action, LAMPERT EDWARD S now owns 13,484,162 shares of Seritage Growth Properties, valued at $250,288 using the latest closing price.
LAMPERT EDWARD S, the 10% Owner of Seritage Growth Properties, sale 6,447 shares at $9.61 during a trade that took place back on Feb 28 ’24, which means that LAMPERT EDWARD S is holding 13,509,817 shares at $61,923 based on the most recent closing price.
Stock Fundamentals for SRG
Current profitability levels for the company are sitting at:
- -7.97 for the present operating margin
- -0.46 for the gross margin
The net margin for Seritage Growth Properties stands at -7.45. The total capital return value is set at -0.17. Equity return is now at value -24.16, with -11.00 for asset returns.
Based on Seritage Growth Properties (SRG), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 3.71.
Currently, EBITDA for the company is -52.62 million with net debt to EBITDA at -2.51. When we switch over and look at the enterprise to sales, we see a ratio of 35.4. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In conclusion, Seritage Growth Properties (SRG) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
