Additionally, the 36-month beta value for SLG is 1.82. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
The public float for SLG is 64.74M and currently, short sellers hold a 15.16% ratio of that float. The average trading volume of SLG on September 19, 2024 was 758.13K shares.
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SLG) stock’s latest price update
The stock of SL Green Realty Corp. (NYSE: SLG) has increased by 4.09 when compared to last closing price of 69.21.Despite this, the company has seen a gain of 7.43% in its stock price over the last five trading days. stockmarket.com reported 2024-09-17 that Here are two monthly dividend stocks to watch in the stock market right now.
SLG’s Market Performance
SL Green Realty Corp. (SLG) has experienced a 7.43% rise in stock performance for the past week, with a 12.83% rise in the past month, and a 25.55% rise in the past quarter. The volatility ratio for the week is 4.22%, and the volatility levels for the past 30 days are at 3.31% for SLG. The simple moving average for the past 20 days is 9.31% for SLG’s stock, with a 35.88% simple moving average for the past 200 days.
Analysts’ Opinion of SLG
Evercore ISI, on the other hand, stated in their research note that they expect to see SLG reach a price target of $66, previously predicting the price at $55. The rating they have provided for SLG stocks is “In-line” according to the report published on September 16th, 2024.
Citigroup gave a rating of “Neutral” to SLG, setting the target price at $66 in the report published on September 13th of the current year.
SLG Trading at 12.86% 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 able to rebound, for now settling with 1.00% of gains for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 4.22%, as shares surge +13.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.65% upper at present.
During the last 5 trading sessions, SLG rose by +7.43%, which changed the moving average for the period of 200-days by +96.99% in comparison to the 20-day moving average, which settled at $66.34. In addition, SL Green Realty Corp. saw 59.49% 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.
HATKOFF CRAIG M, the Director of SL Green Realty Corp., sale 5,100 shares at $46.75 during a trade that took place back on Jan 26 ’24, which means that HATKOFF CRAIG M is holding 2,070 shares at $238,425 based on the most recent closing price.
Stock Fundamentals for SLG
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.5 for the gross margin
The net margin for SL Green Realty Corp. stands at -0.19. The total capital return value is set at 0.02. Equity return is now at value -3.65, with -1.51 for asset returns.
Based on SL Green Realty Corp. (SLG), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.94. The interest coverage ratio of the stock is 1.18.
Currently, EBITDA for the company is 298.92 million with net debt to EBITDA at 12.28. When we switch over and look at the enterprise to sales, we see a ratio of 11.02. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, SL Green Realty Corp. (SLG) has seen better performance in recent times. Analysts have a bullish 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.
