Macy’s, Inc. (NYSE:M) has a beta value of 1.6 and has seen 18,669,477 shares traded in the recent trading session. The company, currently valued at $1.99 Billion, closed the recent trade at $6.39 per share which meant it gained $0.3 on the day or 6.48% during that session. The M stock price is -266.2% off its 52-week high price of $23.4 and 31.46% above the 52-week low of $4.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 40.25 Million shares traded. The 3-month trading volume is 45.51 Million shares.
The consensus among analysts is that Macy’s, Inc. (M) is an Underweight stock at the moment, with a recommendation rating of 3.5. 5 analysts rate the stock as a Sell, while none rate it as Overweight. 9 out of 16 have rated it as a Hold, with 1 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$2.57.
Macy’s, Inc. (NYSE:M) trade information
Sporting 5.27% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the M stock price touched $7.20-1 or saw a rise of 11.74%. Year-to-date, Macy’s, Inc. shares have moved -62.62%, while the 5-day performance has seen it change -10.24%. Over the past 30 days, the shares of Macy’s, Inc. (NYSE:M) have changed -0.08%. Short interest in the company has seen 129.71 Million shares shorted with days to cover at 2.85.
Wall Street analysts have a consensus price target for the stock at $5.83, which means that the shares’ value could jump -8.76% from current levels. The projected low price target is $3 while the price target rests at a high of $9. In that case, then, we find that the current price level is +40.85% off the targeted high while a plunge would see the stock lose -53.05% from current levels.
Macy’s, Inc. (M) estimates and forecasts
Figures show that Macy’s, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -63.6% over the past 6 months, with this year growth rate of -236.43%, compared to NA% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -1017.9% and -1271.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be -23%.
10 analysts offering their estimates for the company have set an average revenue estimate of $3.68 Billion for the current quarter. 10 have an estimated revenue figure of $4.46 Billion for the next quarter concluding in October 01, 2020. Year-ago sales stood $5.55 Billion and $5.17 Billion respectively for this quarter and the next, and analysts expect sales will grow by -33.7% for the current quarter and -13.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.6% over the past 5 years. Earnings growth for 2020 is a modest -48.3% while over the next 5 years, the company’s earnings are expected to increase by 0%.