The stock has a 36-month beta value of 1.82. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for SLG is 64.73M, and at present, short sellers hold a 20.30% of that float. On July 04, 2024, the average trading volume of SLG was 938.08K shares.
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SLG) stock’s latest price update
SL Green Realty Corp. (NYSE: SLG) has seen a rise in its stock price by 1.55 in relation to its previous close of 55.57. However, the company has experienced a 2.38% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-28 that SL Green (SLG) is likely to benefit from healthy demand for premier office properties and a solid tenant base despite an elevated supply of office spaces and high interest rates.
SLG’s Market Performance
SLG’s stock has risen by 2.38% in the past week, with a monthly rise of 6.41% and a quarterly rise of 9.09%. The volatility ratio for the week is 2.93% while the volatility levels for the last 30 days are 2.65% for SL Green Realty Corp. The simple moving average for the past 20 days is 2.00% for SLG’s stock, with a 24.55% simple moving average for the past 200 days.
Analysts’ Opinion of SLG
Many brokerage firms have already submitted their reports for SLG stocks, with BMO Capital Markets repeating the rating for SLG by listing it as a “Outperform.” The predicted price for SLG in the upcoming period, according to BMO Capital Markets is $58 based on the research report published on April 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see SLG reach a price target of $48, previously predicting the price at $35. The rating they have provided for SLG stocks is “Equal Weight” according to the report published on March 27th, 2024.
Evercore ISI gave a rating of “Underperform” to SLG, setting the target price at $44 in the report published on March 18th of the current year.
SLG Trading at 6.07% from the 50-Day Moving Average
After a stumble in the market that brought SLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.60% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares surge +5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.13% upper at present.
During the last 5 trading sessions, SLG rose by +2.38%, which changed the moving average for the period of 200-days by +36.54% in comparison to the 20-day moving average, which settled at $55.47. In addition, SL Green Realty Corp. saw 24.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLG starting from Brown Carol N, who sale 5,118 shares at the price of $44.37 back on Feb 09 ’24. After this action, Brown Carol N now owns 0 shares of SL Green Realty Corp., valued at $227,086 using the latest closing price.
ATKINS BETSY S, the Director of SL Green Realty Corp., sale 9,894 shares at $47.25 during a trade that took place back on Jan 26 ’24, which means that ATKINS BETSY S is holding 6,886 shares at $467,492 based on the most recent closing price.
Stock Fundamentals for SLG
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- 0.55 for the gross margin
The net margin for SL Green Realty Corp. stands at -0.93. The total capital return value is set at -0.02. Equity return is now at value -11.87, with -4.59 for asset returns.
Based on SL Green Realty Corp. (SLG), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is -1.6.
Currently, EBITDA for the company is 298.92 million with net debt to EBITDA at 342.96. When we switch over and look at the enterprise to sales, we see a ratio of 10.11. The receivables turnover for the company is 2.49for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To sum up, SL Green Realty Corp. (SLG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
