Friday, September 25, 2020

The Macerich Company [MAC] Is Currently 2.05 below its 200 Period Moving Avg: What Dose This Mean?

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The Macerich Company [NYSE: MAC] gained 2.05% or 0.16 points to close at $7.97 with a heavy trading volume of 5651994 shares. The company report on August 11, 2020 that Macerich Announces Quarterly Results.

The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended June 30, 2020, which included net loss attributable to the Company of $25.1 million or $0.18 per share-diluted for the quarter ended June 30, 2020 compared to net income of $15.7 million or $0.11 per share-diluted attributable to the Company for the quarter ended June 30, 2019. For the second quarter 2020, funds from operations (“FFO”)-diluted, excluding financing expense in connection with Chandler Freehold and loss on extinguishment of debt was $60.5 million or $0.39 per share-diluted compared to $133.6 million or $0.88 per share-diluted for the quarter ended June 30, 2019. A description and reconciliation of earnings per share (“EPS”)-diluted to FFO per share-diluted, excluding financing expense in connection with Chandler Freehold and loss on extinguishment of debt is included within the financial tables accompanying this press release.

Results and Highlights:.

It opened the trading session at $7.79, the shares rose to $8.278 and dropped to $7.78, the range by which the price of stock traded the whole day. The daily chart for MAC points out that the company has recorded -56.71% loss over the past six months. However, it is still -74.78% lower than its most recent low trading price.

If we look at the average trading volume of 6.10M shares, MAC reached to a volume of 5651994 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Macerich Company [MAC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAC shares is $10.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAC stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for The Macerich Company shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 01, 2020. The new note on the price target was released on June 15, 2020, representing the official price target for The Macerich Company stock. Previously, the target price had yet another raise to $9, while Compass Point analysts kept a Neutral rating on MAC stock.

The Average True Range (ATR) for The Macerich Company is set at 0.44, with the Price to Sales ratio for MAC stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 0.46, with the Price to Cash per share for the same quarter was set at 3.23.

Trading performance analysis for MAC stock

The Macerich Company [MAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.71. With this latest performance, MAC shares dropped by -0.25% in over the last four-week period, additionally sinking by -56.71% over the last 6 months – not to mention a drop of -71.78% 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 MAC stock in for the last two-week period is set at 50.56, with the RSI for the last a single of trading hit 52.64, and the three-weeks RSI is set at 49.44 for The Macerich Company [MAC]. The present Moving Average for the last 50 days of trading for this stock 8.11, while it was recorded at 7.91 for the last single week of trading, and 13.73 for the last 200 days.

The Macerich Company [MAC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The Macerich Company [MAC] shares currently have an operating margin of +8.90 and a Gross Margin at +24.92. The Macerich Company’s Net Margin is presently recorded at +11.67.

Return on Total Capital for MAC is now 0.97, given the latest momentum, and Return on Invested Capital for the company is 1.43. Return on Equity for this stock inclined to 3.85, with Return on Assets sitting at 1.20. When it comes to the capital structure of this company, The Macerich Company [MAC] has a Total Debt to Total Equity ratio set at 212.67. Additionally, MAC Total Debt to Total Capital is recorded at 68.02, with Total Debt to Total Assets ending up at 63.23. Long-Term Debt to Equity for the company is recorded at 185.05, with the Long-Term Debt to Total Capital now at 59.18.

Reflecting on the efficiency of the workforce at the company, The Macerich Company [MAC] managed to generate an average of $145,915 per employee. Receivables Turnover for the company is 6.66 with a Total Asset Turnover recorded at a value of 0.10.

The Macerich Company [MAC]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The Macerich Company posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 287.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Macerich Company go to 0.21%.

An analysis of insider ownership at The Macerich Company [MAC]

There are presently around $1,087 million, in the hands of institutional investors. The top three institutional holders of MAC stocks are: ONTARIO TEACHERS PENSION PLAN BOARD with ownership of 24,562,964, which is approximately 5.483% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 19,824,701 shares of the stock with an approximate value of $158.0 million in MAC stocks shares; and VANGUARD GROUP INC, currently with $157.99 million in MAC stock with ownership of nearly 2.307% of the company’s market capitalization.

Positions in The Macerich Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 195 institutional holders increased their position in The Macerich Company [NYSE:MAC] by around 27,892,219 shares. Additionally, 129 investors decreased positions by around 19,706,970 shares, while 6 investors held positions by with 88,827,467 shares. The mentioned changes placed institutional holdings at 136,426,656 shares, according to the latest SEC report filing. MAC stock had 57 new institutional investments in for a total of 5,916,821 shares, while 51 institutional investors sold positions of 10,945,434 shares during the same period.

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