Macy’s Inc (NYSE:M) shares, rose in value on Friday, April 26, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $18.32.
Actively observing the price movement in the recent trading, the stock is buoying the session at $18.35. The PE ratio was 48.93 over 12-month period. Referring to stock’s 52-week performance, its high was $22.10, and the low was $10.54. On the whole, M has fluctuated by -7.73% over the past month.
The company’s Forward Dividend Ratio is 0.67, with its dividend yield at 3.66%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 22.81B, with a low estimate of 4.69B and a high estimate of 4.99B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.85B.
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% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of M currently trading nearly -4.21% and -6.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.89, while the 7-day volatility ratio is showing 2.58% which for the 30-day chart, stands at 3.09%. Furthermore, Macy’s Inc (M)’s beta value is 2.19, and its average true range (ATR) is 0.62.
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 -0.19% in today’s session so far, and over the past year, it grew by 12.71%%.
Data on historical trading for Macy’s Inc (NYSE:M) indicates that the trading volumes over the past 3 months, they’ve averaged 7.61 million. According to company’s latest data on outstanding shares, there are 274.23 million shares outstanding.
Nearly 0.74% of Macy’s Inc’s shares belong to company insiders and institutional investors own 88.29% of the company’s shares. The stock has fallen by -8.97% 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.
