Tanger Inc (NYSE:SKT) shares, rose in value on Friday, March 28, with the stock price up by 0.18% to the previous day’s close as strong demand from buyers drove the stock to $32.92.
Actively observing the price movement in the last trading, the stock closed the session at $32.86, falling within a range of $32.725 and $33.7499. The value of beta (5-year monthly) was 1.824 whereas the PE ratio was 37.42 over 12-month period. Referring to stock’s 52-week performance, its high was $37.57, and the low was $25.94. On the whole, SKT has fluctuated by -6.18% over the past month.
With the market capitalization of Tanger Inc currently standing at about $3.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-18. The company’s Forward Dividend Ratio is 1.10, with its dividend yield at 3.34%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 537.88M, with a low estimate of 124M and a high estimate of 133.48M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 128.24M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SKT’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 Hold.
The stock’s technical analysis shows that the price of SKT currently trading nearly -0.58% and -2.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.01, while the 7-day volatility ratio is showing 2.37% which for the 30-day chart, stands at 2.59%. Furthermore, Tanger Inc (SKT)’s beta value is 1.46, and its average true range (ATR) is 0.86.
A comparison of Tanger Inc (SKT) with its peers suggests the former has fared considerably weaker in the market. SKT showed an intraday change of 0.18% in last session, and over the past year, it grew by 14.42%%.
Data on historical trading for Tanger Inc (NYSE:SKT) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 771.83K. According to company’s latest data on outstanding shares, there are 112.74 million shares outstanding.
Nearly 2.53% of Tanger Inc’s shares belong to company insiders and institutional investors own 90.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.31 million shares as on 2025-03-14, resulting in a short ratio of 4.77. According to the data, the short interest in Tanger Inc (SKT) stood at 587.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.03 million. The stock has fallen by -3.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SKT stock heading into the next quarter.
