Macerich Co (NYSE:MAC) currently has a daily average trading volume of 2.36M but it saw 3137472 shares traded in last market. With a market cap of 3.76B USD, the company’s current market price of $14.33 came falling about -4.08 while comparing to the previous closing price of $14.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.27 and as low as $12.48. In the recent trading on the day, stock has struck highest price mark of $13.59 while lowest mark touched by it was $14.79.
Taking a look at 20-day trading activity of Macerich Co (MAC) gives us an average price of $16.41, while its current price level is -35.65% below from 52-week high level whereas it is 14.82% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $18.15 while that of 200 days or SMA-200 reads an average of $17.94. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.34% during that period while stretching the period over a month that decreases to 6.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.02 which implies that the stock is in neutral territory.
Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on January 15, 2025 while assigning a price target of $20. Jefferies also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $19 and $23.
Over the week, MAC’s stock price is moving -8.14% down while it is -14.90% when we observe its performance for the past one month. Year-to-date it is -28.06% down and over the past year, the stock is showing a downside performance of -9.85%.
The company is expected to be releasing its next quarterly report on 2025-Feb-26, for which analysts forecasted an EPS of -0.1 while estimate for next year EPS is -0.16. In next quarter, company is expected to be making quarterly sales of $202.81M as analysts are expecting the sales for current fiscal year at $843.48M and seeing the company making $862.46M in sales next year. Moreover, analysts are in estimates of $202.65M for current-quarter revenue.
Currently, Macerich Co’s total number of outstanding shares is 252.93M with 0.62% of that held by the insiders while 102.55% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -3.13% and return on equity (ROE) at -7.50%. It has a 1098.08 of forward P/E ratio. Stock’s beta reads 2.13. Stock has a price to book (P/B) ratio of 1.31 while price to sale or P/S ratio amounts to 4.07. Its return on asset (ROA) is -2.43% on average.
