Tanger Inc (NYSE:SKT) shares, rose in value on Friday, May 09, with the stock price up by 1.11% to the previous day’s close as strong demand from buyers drove the stock to $30.19.
Actively observing the price movement in the last trading, the stock closed the session at $29.86. The PE ratio was 35.73 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 -6.42% over the past month.
With the market capitalization of Tanger Inc currently standing at about $3.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.12, with its dividend yield at 3.70%.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of SKT currently trading nearly -2.87% and -6.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.27, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 3.08%. Furthermore, Tanger Inc (SKT)’s beta value is 1.24, and its average true range (ATR) is 1.05.
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 1.11% in last session, and over the past year, it grew by 7.29%%.
Data on historical trading for Tanger Inc (NYSE:SKT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 113.17 million shares outstanding.
Nearly 2.53% of Tanger Inc’s shares belong to company insiders and institutional investors own 89.41% of the company’s shares. The stock has fallen by -11.54% 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.
