Sachem Capital Corp (AMEX:SACH) price on Friday, June 13, rose 3.36% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.23.
A look at the stock’s price movement, the close in the last trading session was $1.19. Turning to its 52-week performance, $3.07 and $0.80 were the 52-week high and 52-week low respectively. Overall, SACH moved 26.80% over the past month.
Sachem Capital Corp’s market cap currently stands at around $58.19 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.18, with its dividend yield at 14.63%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
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 20.11% and 21.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.19, while 7-day volatility ratio is 2.40% and 4.52% in the 30-day chart. Further, Sachem Capital Corp (SACH) has a beta value of 1.10, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $1.25, forecast between a low of $1.25 and high of $1.25. Looking at the price targets, the low is -1.63% off current price level while to achieve the yearly target high, price needs to move -1.63%. Nonetheless, investors will most likely welcome a -1.63% jump to $1.25 which is the analysts’ median price.
If we refocus on Sachem Capital Corp (AMEX:SACH), historical trading data shows that trading volumes averaged 316.06K over the past 3 months. The company’s latest data on shares outstanding shows there are 47.31 million shares.
The 4.94% of Sachem Capital Corp’s shares are in the hands of company insiders while institutional holders own 20.37% of the company’s shares. Current price change has pushed the stock -8.89% 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.
