Service Properties Trust (NASDAQ:SVC) price on current trading day, rose 0.61% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.47.
A look at the stock’s price movement, the level at last check in today’s session was $2.46, moving within a range at $2.415 and $2.51. The beta value (5-Year monthly) was 2.228. Turning to its 52-week performance, $8.72 and $2.29 were the 52-week high and 52-week low respectively. Overall, SVC moved -15.24% over the past month.
Service Properties Trust’s market cap currently stands at around $412.46 million, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.61, with its dividend yield at 24.65%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 441.3M for the company’s revenue for the quarter, with a low and high estimate of 436.13M and 451.1M respectively. The average forecast suggests down to a -0.62% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.87B, representing a -0.22% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SVC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend SVC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SVC’s current price about -5.62% and -16.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.28, while 7-day volatility ratio is 8.90% and 6.53% in the 30-day chart. Further, Service Properties Trust (SVC) has a beta value of 2.20, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $4 and high of $8. Looking at the price targets, the low is -61.94% off recent price level in today’s trading while to achieve the yearly target high, it has to move -223.89%. Nonetheless, investors will most likely welcome a -142.91% jump to $6 which is the analysts’ median price.
If we refocus on Service Properties Trust (NASDAQ:SVC), historical trading data shows that trading volumes averaged 9.51 over the past 10 days and 3.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 166.65 million shares.
The 7.69% of Service Properties Trust’s shares are in the hands of company insiders while institutional holders own 77.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.48 million on 2024-11-29, giving us a short ratio of 3.8. The data shows that as of 2024-11-29 short interest in Service Properties Trust (SVC) stood at 800.0 of shares outstanding, with shares short rising to 5.82 million registered in 2024-10-31. Current price change has pushed the stock -71.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SVC stock continues to rise going into the next quarter.
