The stock has a 36-month beta value of 2.58. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for SRG is 36.23M, and at present, short sellers hold a 17.15% of that float. On August 23, 2024, the average trading volume of SRG was 507.78K shares.
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SRG) stock’s latest price update
The stock price of Seritage Growth Properties (NYSE: SRG) has dropped by -0.70 compared to previous close of 4.28. Despite this, the company has seen a fall of -5.13% in its stock price over the last five trading days. accesswire.com reported 2024-08-22 that NEW YORK, NY / ACCESSWIRE / August 22, 2024 / If you suffered a loss on your Seritage Growth Properties (NYSE:SRG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/seritage-lawsuit-submission-form?prid=97547&wire=1 or contact Joseph E. Levi, Esq.
SRG’s Market Performance
SRG’s stock has fallen by -5.13% in the past week, with a monthly drop of -12.73% and a quarterly drop of -27.23%. The volatility ratio for the week is 5.06% while the volatility levels for the last 30 days are 5.34% for Seritage Growth Properties The simple moving average for the last 20 days is -7.83% for SRG’s stock, with a simple moving average of -45.39% for the last 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 -10.86% 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 -56.94% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 5.06%, as shares sank -14.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.73% lower at present.
During the last 5 trading sessions, SRG fell by -5.13%, which changed the moving average for the period of 200-days by -45.65% in comparison to the 20-day moving average, which settled at $4.57. In addition, Seritage Growth Properties saw -54.55% 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 Yakira Capital Management, Inc, who purchase 23,500 shares at the price of $20.00 back on May 21 ’24. After this action, Yakira Capital Management, Inc now owns 309,404 shares of Seritage Growth Properties, valued at $470,000 using the latest closing price.
LAMPERT EDWARD S, the 10% Owner of Seritage Growth Properties, sale 25,655 shares at $9.76 during a trade that took place back on Apr 01 ’24, which means that LAMPERT EDWARD S is holding 13,484,162 shares at $250,288 based on the most recent closing price.
Stock Fundamentals for SRG
Current profitability levels for the company are sitting at:
- -2.66 for the present operating margin
- -0.25 for the gross margin
The net margin for Seritage Growth Properties stands at -4.87. The total capital return value is set at -0.08. Equity return is now at value -23.46, with -12.19 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 0.38. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 0.9.
Currently, EBITDA for the company is -54.8 million with net debt to EBITDA at -5.42. When we switch over and look at the enterprise to sales, we see a ratio of 17.4. The receivables turnover for the company is 2.64for trailing twelve months and the total asset turnover is 0.03.
Conclusion
To sum up, Seritage Growth Properties (SRG) 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.
