The Macerich Company (NYSE: MAC) is -13.77% lower on its value in year-to-date trading and has touched a low of $7.40 and a high of $16.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MAC stock was last observed hovering at around $9.87 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $13.00 for the next 12 months. It is also 46.06% off the consensus price target high of $18.00 offered by 14 analysts, but current levels are -21.38% lower than the price target low of $8.00 for the same period.
Currently trading at $9.71, the stock is -17.81% and -21.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.58 million and changing -1.62% at the moment leaves the stock -11.06% off its SMA200. MAC registered -33.17% loss for a year compared to 6-month gain of 4.63%.
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The stock witnessed a -26.33% loss in the last 1 month and extending the period to 3 months gives it a -23.00%, and is -14.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.27% over the week and 3.65% over the month.
The Macerich Company (MAC) has around 650 employees, a market worth around $2.23B and $859.20M in sales. Profit margin for the company is -7.80%. Distance from 52-week low is 31.22% and -41.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.20%).
The Macerich Company (MAC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Macerich Company (MAC) is a “Hold”. 14 analysts offering their recommendations for the stock have an average rating of 3.20, where 6 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
The Macerich Company is expected to release its quarterly report on 05/04/2023.The EPS is expected to shrink by -559.70% this year
The Macerich Company (MAC) Top Institutional Holders
The shares outstanding are 215.18M, and float is at 206.00M with Short Float at 6.25%.
The Macerich Company (MAC) Insider Activity
A total of 11 insider transactions have happened at The Macerich Company (MAC) in the last six months, with sales accounting for 2 and purchases happening 9 times. The most recent transaction is an insider sale by Zecchini Christopher J, the company’s Chief Accounting Officer. SEC filings show that Zecchini Christopher J sold 2,000 shares of the company’s common stock on Nov 29 at a price of $12.65 per share for a total of $25302.0. Following the sale, the insider now owns 7458.0 shares.
The Macerich Company disclosed in a document filed with the SEC on Sep 26 that Volk Kenneth (EVP, Business Development) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Sep 26 and was made at $7.58 per share for $75750.0. Following the transaction, the insider now directly holds 46924.0 shares of the MAC stock.
Still, SEC filings show that on Sep 26, Kingsmore Scott W (Chief Financial Officer) acquired 4,000 shares at an average price of $7.54 for $30180.0. The insider now directly holds 36,310 shares of The Macerich Company (MAC).
The Macerich Company (MAC): Who are the competitors?
The company’s main competitors (and peers) include Boston Properties Inc. (BXP) that is trading -56.38% down over the past 12 months.