Service Properties Trust (NASDAQ:SVC) shares, rose in value on Thursday, November 21, with the stock price up by 5.02% to the previous day’s close as strong demand from buyers drove the stock to $2.72.
Actively observing the price movement in the last trading, the stock closed the session at $2.59, falling within a range of $2.6 and $2.74. The value of beta (5-year monthly) was 2.228. Referring to stock’s 52-week performance, its high was $8.72, and the low was $2.47. On the whole, SVC has fluctuated by -24.23% over the past month.
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With the market capitalization of Service Properties Trust currently standing at about $453.28 million, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.61, with its dividend yield at 22.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.87B, with a low estimate of 436.68M and a high estimate of 451.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 443.89M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SVC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SVC currently trading nearly -10.33% and -30.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.60, while the 7-day volatility ratio is showing 5.39% which for the 30-day chart, stands at 6.02%. Furthermore, Service Properties Trust (SVC)’s beta value is 2.22, and its average true range (ATR) is 0.19.
A comparison of Service Properties Trust (SVC) with its peers suggests the former has fared considerably weaker in the market. SVC showed an intraday change of 5.02% in last session, and over the past year, it shrunk by -61.47%%.
Data on historical trading for Service Properties Trust (NASDAQ:SVC) indicates that the trading volumes over the past 10 days have averaged 2.2 and over the past 3 months, they’ve averaged 1.78 million. According to company’s latest data on outstanding shares, there are 165.77 million shares outstanding.
Nearly 7.79% of Service Properties Trust’s shares belong to company insiders and institutional investors own 77.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.82 million shares as on 2024-10-31, resulting in a short ratio of 2.84. According to the data, the short interest in Service Properties Trust (SVC) stood at 549.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 7.57 million. The stock has fallen by -68.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SVC stock heading into the next quarter.
