Macy’s Inc (NYSE:M) shares, rose in value, with the stock price down by -0.33% to the previous day’s close as strong demand from buyers drove the stock to $12.00.
Actively observing the price movement in the last trading, the stock closed the session at $12.04. The PE ratio was 6.08 over 12-month period. Referring to stock’s 52-week performance, its high was $20.70, and the low was $9.76. On the whole, M has fluctuated by 3.54% over the past month.
With the market capitalization of Macy’s Inc currently standing at about $3.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.70, with its dividend yield at 5.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.99B, with a low estimate of 4.52B and a high estimate of 4.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.66B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that M’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 M currently trading nearly 0.95% and 0.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.56, while the 7-day volatility ratio is showing 3.10% which for the 30-day chart, stands at 2.53%. Furthermore, Macy’s Inc (M)’s beta value is 1.77, and its average true range (ATR) is 0.50.
A comparison of Macy’s Inc (M) with its peers suggests the former has fared considerably weaker in the market. M showed an intraday change of -0.33% in last session, and over the past year, it shrunk by -40.18%%.
Data on historical trading for Macy’s Inc (NYSE:M) indicates that the trading volumes over the past 3 months, they’ve averaged 7.43 million. According to company’s latest data on outstanding shares, there are 278.57 million shares outstanding.
Nearly 0.84% of Macy’s Inc’s shares belong to company insiders and institutional investors own 85.63% of the company’s shares. The stock has fallen by -29.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the M stock heading into the next quarter.
