Macerich Co (MAC) concluded trading on Thursday at a closing price of $18.32, with 6.31 million shares of worth about $115.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.91% during that period and on February 27, 2025 the price saw a loss of about -8.95%. Currently the company’s common shares owned by public are about 248.53M shares, out of which, 246.79M shares are available for trading.
Stock saw a price change of -10.02% in past 5 days and over the past one month there was a price change of -10.98%. Year-to-date (YTD), MAC shares are showing a performance of -8.03% which increased to 14.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.60 but also hit the highest price of $22.27 during that period. The average intraday trading volume for Macerich Co shares is 2.04 million. The stock is currently trading -10.00% below its 20-day simple moving average (SMA20), while that difference is down -9.69% for SMA50 and it goes to 4.39% higher than SMA200.
Macerich Co (NYSE: MAC) currently have 248.53M outstanding shares and institutions hold larger chunk of about 102.12% of that.
The stock has a current market capitalization of $4.74B and its 3Y-monthly beta is at 2.63. It has posted earnings per share of -$0.90 in the same period. It has a debt-to-equity ratio of 1.76. 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 5.68% while standing at 3.24% over the month.
Stock’s fiscal year EPS is expected to rise by 90.39% while it is estimated to increase by 117.54% 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 Morgan Stanley on January 15, 2025 offering an Equal-weight rating for the stock and assigned a target price of $20 to it. Coverage by Jefferies stated Macerich Co (MAC) stock as a Buy in their note to investors on January 02, 2025, suggesting a price target of $23 for the stock. On December 17, 2024, Scotiabank Upgrade their recommendations, while on December 17, 2024, Deutsche Bank Initiated their ratings for the stock with a price target of $22. Stock get a Neutral rating from Mizuho on December 04, 2024.
