Sachem Capital Corp (AMEX:SACH) price on Friday, February 07, fall -3.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.03.
A look at the stock’s price movement, the close in the last trading session was $1.07, moving within a range at $1.01 and $1.08. The beta value (5-Year monthly) was 1.734. Turning to its 52-week performance, $4.64 and $1.05 were the 52-week high and 52-week low respectively. Overall, SACH moved -12.71% over the past month.
Sachem Capital Corp’s market cap currently stands at around $48.37 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.24, with its dividend yield at 23.30%. 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 14.49M for the company’s revenue for the quarter, with a low and high estimate of 13.2M and 15.98M respectively. The average forecast suggests down to a -14.32% 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 61.21M, representing a -6.70% 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 SACH 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 0 analyst(s) rate the stock as a Hold, 2 recommend SACH 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.
SACH’s current price about -13.70% and -19.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.87, while 7-day volatility ratio is 6.00% and 5.61% in the 30-day chart. Further, Sachem Capital Corp (SACH) has a beta value of 1.69, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -191.26% off current price level while to achieve the yearly target high, price needs to move -191.26%. Nonetheless, investors will most likely welcome a -191.26% jump to $3 which is the analysts’ median price.
If we refocus on Sachem Capital Corp (AMEX:SACH), historical trading data shows that trading volumes averaged 0.41 over the past 10 days and 552.22K over the past 3 months. The company’s latest data on shares outstanding shows there are 47.01 million shares.
The 4.78% of Sachem Capital Corp’s shares are in the hands of company insiders while institutional holders own 23.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.94 million on 2024-10-31, giving us a short ratio of 9.78. The data shows that as of 2024-10-31 short interest in Sachem Capital Corp (SACH) stood at 429.0 of shares outstanding, with shares short rising to 1.18 million registered in 2024-09-30. Current price change has pushed the stock -23.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SACH stock continues to rise going into the next quarter.
