Scotiabank has recently reduced Macerich Co (MAC) stock to Sector Underperform rating, as announced on May 17, 2024, according to Finviz. Earlier, on May 1, 2024, Piper Sandler had reduced the stock from a Neutral to Underweight, setting a price target of $11 for MAC stock. Citigroup also raised Neutral rating with a price target of $17. Additionally, Piper Sandler raised Neutral rating on October 2, 2023, with a target price of $12. Goldman analysts, in their report published on March 21, 2023, also resumed Sell rating for Macerich Co’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Macerich Co (MAC) Stock Trading Recap
On Tuesday, Macerich Co (MAC) stock saw a modest uptick, ending the day at $21.1 which represents a slight increase of $0.23 or 1.10% from the prior close of $20.87. The stock opened at $21.02 and touched a low of $20.71 during the day, reaching a high of $21.11. The volume of shares traded was 4.62 million exceeding the average volume of 1.89 million.
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MAC Stock Performance and Moving Averages
In recent trading, Macerich Co (MAC) stock price has shown some volatility, fluctuating 3.84% over the last five trades and 15.17% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 38.82%, and it has gained 36.48% in the previous three months. Currently, MAC is trading at 6.37%, 12.00%, and 28.28% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MAC, a Real Estate sector stock, is trading -2.81% below its 52-week high but remains 76.72% above its 52-week low. The Average True Range (ATR) (14 days) of 0.6 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Macerich Co’s Profitability and Valuation Ratios
Macerich Co’s profitability metrics reveal financial health. The company currently boasts an operating margin of 23.65% and a profit margin of -21.96%, with a gross margin of 38.82%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Macerich Co’s market capitalization stands at $5.45 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 6.15, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.9, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.86% of Macerich Co (MAC)’s shares, while financial institutions hold 85.80%.
Notable insider trades include COPPOLA EDWARD C, Director at Macerich Co (MAC), who sold 75000 shares on Mar 28 ’24, at $17.19 each, totaling $1.29 million. On Mar 27 ’24, COPPOLA EDWARD C, Director, sold 20000 shares for $17.01 each, amounting to $0.34 million. Additionally, on Mar 20 ’24, O HERN THOMAS E sold 95000 shares at $16.94 each, generating $1.61 million.
