Macerich Co. (MAC) concluded trading on Thursday at a closing price of $17.27, with 3.6 million shares of worth about $62.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.47% during that period and on September 19, 2024 the price saw a gain of about 3.04%. Currently the company’s common shares owned by public are about 215.98M shares, out of which, 214.03M shares are available for trading.
Stock saw a price change of 6.41% in past 5 days and over the past one month there was a price change of 16.22%. Year-to-date (YTD), MAC shares are showing a performance of 11.92% which increased to 45.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.14 but also hit the highest price of $17.69 during that period. The average intraday trading volume for Macerich Co. shares is 1.53 million. The stock is currently trading 9.59% above its 20-day simple moving average (SMA20), while that difference is up 10.87% for SMA50 and it goes to 10.83% higher than SMA200.
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Macerich Co. (NYSE: MAC) currently have 215.98M outstanding shares and institutions hold larger chunk of about 93.91% of that.
The stock has a current market capitalization of $3.73B and its 3Y-monthly beta is at 2.52. It has posted earnings per share of -$1.00 in the same period. It has a debt-to-equity ratio of 1.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAC, volatility over the week remained 2.91% while standing at 2.99% over the month.
Stock’s fiscal year EPS is expected to rise by 120.80% while it is estimated to decrease by -172.37% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on May 17, 2024 offering a Sector underperform rating for the stock and assigned a target price range of between $16 and $14 to it. Coverage by Piper Sandler stated Macerich Co. (MAC) stock as an Underweight in their note to investors on May 01, 2024, suggesting a price target of $11 for the stock. On March 22, 2024, Citigroup Upgrade their recommendations, while on October 02, 2023, Piper Sandler Upgrade their ratings for the stock with a price target of $12. Stock get a Sell rating from Goldman on March 21, 2023.
