Seritage Growth Properties [NYSE: SRG] stock went on an upward path that rose over 3.21% on Thursday, amounting to a one-week price increase of more than 4.71%.
Over the last 12 months, SRG stock dropped by -68.62%. The one-year Seritage Growth Properties stock forecast points to a potential upside of 69.58. The average equity rating for SRG stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $162.78 million, with 56.27 million shares outstanding and 35.44 million shares in the current float. Compared to the average trading volume of 240.25K shares, SRG stock reached a trading volume of 261588 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Seritage Growth Properties [SRG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SRG shares is $9.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SRG stock is a recommendation set at 1.00. 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.
Odeon have made an estimate for Seritage Growth Properties shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 12, 2023. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $45 to $16. The new note on the price target was released on April 15, 2020, representing the official price target for Seritage Growth Properties stock.
The Average True Range (ATR) for Seritage Growth Properties is set at 0.19, with the Price to Sales ratio for SRG stock in the period of the last 12 months amounting to 9.32. The Price to Book ratio for the last quarter was 0.40, with the Price to Cash per share for the same quarter was set at 1.73.
SRG Stock Performance Analysis:
Seritage Growth Properties [SRG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.71. With this latest performance, SRG shares dropped by -16.71% in over the last four-week period, additionally sinking by -34.62% over the last 6 months – not to mention a drop of -68.62% 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 44.82, with the RSI for the last a single of trading hit 49.84, and the three-weeks RSI is set at 42.59 for Seritage Growth Properties [SRG]. The present Moving Average for the last 50 days of trading for this stock 3.33, while it was recorded at 2.74 for the last single week of trading, and 4.13 for the last 200 days.
Seritage Growth Properties [SRG] Institutonal Ownership Details
There are presently around $50.39%, or 85.37%% of SRG stock, in the hands of institutional investors. The top three institutional holders of SRG stocks are: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with ownership of 4.32 million shares, which is approximately 7.6906%. VANGUARD GROUP INC, holding 3.48 million shares of the stock with an approximate value of $$16.27 million in SRG stocks shares; and VANGUARD GROUP INC, currently with $$8.1 million in SRG stock with ownership which is approximately 3.0859%.
