Extra Space Storage Inc. (NYSE: EXR) has a higher price-to-earnings ratio of 27.42x compared to its average ratio, The 36-month beta value for EXR is at 0.76. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for EXR is 208.69M, and currently, shorts hold a 1.97% of that float. The average trading volume for EXR on May 01, 2024 was 1.17M shares.
EXR) stock’s latest price update
Extra Space Storage Inc. (NYSE: EXR)’s stock price has plunge by -2.26relation to previous closing price of 137.38. Nevertheless, the company has seen a 0.75% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that The headline numbers for Extra Space Storage (EXR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
EXR’s Market Performance
Extra Space Storage Inc. (EXR) has seen a 0.75% rise in stock performance for the week, with a -8.49% decline in the past month and a -7.75% plunge in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are at 2.43% for EXR. The simple moving average for the past 20 days is -3.77% for EXR’s stock, with a -0.88% simple moving average for the past 200 days.
Analysts’ Opinion of EXR
Many brokerage firms have already submitted their reports for EXR stocks, with Raymond James repeating the rating for EXR by listing it as a “Outperform.” The predicted price for EXR in the upcoming period, according to Raymond James is $160 based on the research report published on March 28, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see EXR reach a price target of $157. The rating they have provided for EXR stocks is “Overweight” according to the report published on March 27th, 2024.
Scotiabank gave a rating of “Sector Underperform” to EXR, setting the target price at $131 in the report published on February 13th of the current year.
EXR Trading at -5.21% from the 50-Day Moving Average
After a stumble in the market that brought EXR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.61% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares sank -7.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.15% lower at present.
During the last 5 trading sessions, EXR rose by +0.75%, which changed the moving average for the period of 200-days by -13.79% in comparison to the 20-day moving average, which settled at $138.98. In addition, Extra Space Storage Inc. saw -16.25% 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 EXR starting from McNeal Gwyn Goodson, who sale 1,350 shares at the price of $150.00 back on Mar 08 ’24. After this action, McNeal Gwyn Goodson now owns 35,678 shares of Extra Space Storage Inc., valued at $202,500 using the latest closing price.
McNeal Gwyn Goodson, the EVP/Chief Legal Officer of Extra Space Storage Inc., sale 1,350 shares at $145.00 during a trade that took place back on Mar 07 ’24, which means that McNeal Gwyn Goodson is holding 37,028 shares at $195,750 based on the most recent closing price.
Stock Fundamentals for EXR
Current profitability levels for the company are sitting at:
- 0.46 for the present operating margin
- 0.94 for the gross margin
The net margin for Extra Space Storage Inc. stands at 0.29. The total capital return value is set at 0.05. Equity return is now at value 9.09, with 4.05 for asset returns.
Currently, EBITDA for the company is 1.74 billion with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 9.93.
Conclusion
In conclusion, Extra Space Storage Inc. (EXR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
