Macy’s Inc (NYSE:M) traded at $18.42 at last check on Tuesday, April 30, made a downward move of -0.75% on its previous day’s price.
Looking at the stock we see that its previous close was $18.56. The company has a trailing 12-month PE ratio of 49.22. In terms of its 52-week price range, M has a high of $22.10 and a low of $10.54. The company’s stock has lost about -5.73% over that past 30 days.
Macy’s Inc has a market cap of $5.05 billion. With its Forward Dividend at 0.67 and a yield of 3.64%, the company’s investors could be anxious for the M stock to gain ahead of the earnings release.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the M stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is -3.01% off its SMA20 and -5.99% from its 50-day simple moving average. The RSI (14) is pointing at 41.53 while the volatility over the past week is 2.12% and jumps to 2.98% over the past one month. The beta value is 2.19, while the average true range (ATR) is currently pointing at 0.57.
Coming back to Macy’s Inc (NYSE:M), we note that the average 3-month trading volume was 7.44 million. Current shares outstanding are 274.23 million.
The insiders hold 0.74% of the company’s shares while institutions hold 88.21%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -8.44% down in year-to-date price movement.
