Seritage Growth Properties [SRG] Stock trading around $14.57 per share: What’s Next?

Seritage Growth Properties [NYSE: SRG] traded at a high on 06/16/20, posting a 5.27 gain after which it closed the day’ session at $14.57. The results of the trading session contributed to over 1821444 shares changing hands. Over the past one week, the price volatility of Seritage Growth Properties stands at 16.01% while the volatility over the past one month is 15.24%.

The market cap for SRG stock reached $505.72 million, with 37.23 million shares outstanding and 34.32 million shares in the current float. Compared to the average trading volume of 1.97M shares, SRG reached a trading volume of 1821444 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Seritage Growth Properties [SRG]?

RBC Capital Mkts have made an estimate for Seritage Growth Properties shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on April 15, 2020.

The Average True Range (ATR) for Seritage Growth Properties is set at 2.19, with the Price to Sales ratio for SRG stock in the period of the last 12 months amounting to 3.20. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 2.79.

How has SRG stock performed recently?

Seritage Growth Properties [SRG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.05. With this latest performance, SRG shares gained by 110.55% in over the last four-week period, additionally sinking by -62.77% over the last 6 months – not to mention a drop of -66.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SRG stock in for the last two-week period is set at 57.95, with the RSI for the last a single of trading hit 57.66, and the three-weeks RSI is set at 55.62 for Seritage Growth Properties [SRG]. The present Moving Average for the last 50 days of trading for this stock 9.88, while it was recorded at 14.04 for the last single week of trading, and 30.21 for the last 200 days.

Seritage Growth Properties [SRG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Seritage Growth Properties [SRG] shares currently have an operating margin of -89.42 and a Gross Margin at -9.91. Seritage Growth Properties’s Net Margin is presently recorded at -35.33.

Return on Total Capital for SRG is now -5.58, given the latest momentum, and Return on Invested Capital for the company is -2.52. Return on Equity for this stock declined to -7.86, with Return on Assets sitting at -2.11. When it comes to the capital structure of this company, Seritage Growth Properties [SRG] has a Total Debt to Total Equity ratio set at 218.55. Additionally, SRG Total Debt to Total Capital is recorded at 68.61, with Total Debt to Total Assets ending up at 58.11. Long-Term Debt to Equity for the company is recorded at 218.55, with the Long-Term Debt to Total Capital now at 68.61.

Reflecting on the efficiency of the workforce at the company, Seritage Growth Properties [SRG] managed to generate an average of -$771,390 per employee. Receivables Turnover for the company is 3.68 with a Total Asset Turnover recorded at a value of 0.06.

Insider trade positions for Seritage Growth Properties [SRG]

There are presently around $499 million, or 97.70% of SRG stock, in the hands of institutional investors. The top three institutional holders of SRG stocks are: VANGUARD GROUP INC with ownership of 4,617,624, which is approximately -2.317% of the company’s market cap and around 6.10% of the total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 4,339,450 shares of the stock with an approximate value of $60.06 million in SRG stocks shares; and EDGEPOINT INVESTMENT GROUP INC., currently with $58.81 million in SRG stock with ownership of nearly -12.02% of the company’s market capitalization.

Positions in Seritage Growth Properties stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 74 institutional holders increased their position in Seritage Growth Properties [NYSE:SRG] by around 3,411,138 shares. Additionally, 70 investors decreased positions by around 6,414,839 shares, while 15 investors held positions by with 26,199,495 shares. The mentioned changes placed institutional holdings at 36,025,472 shares, according to the latest SEC report filing. SRG stock had 25 new institutional investments in for a total of 1,066,146 shares, while 30 institutional investors sold positions of 2,976,796 shares during the same period.

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