In recent trading session, Macy’s, Inc. (NYSE:M) saw 7,727,819 shares changing hands with its beta currently measuring 1.58. Company’s recent per share price level of $6.13 trading at -$0.09 or -1.45% at recent trade assigns it a market valuation of $1.9 Billion. That current trading price of M’s stock is at a discount of -252.04% from its 52-week high price of $21.58 and is indicating a premium of 28.55% from its 52-week low price of $4.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 26.98 Million shares which gives us an average trading volume of 41.58 Million if we extend that period to 3-months.
Macy’s, Inc. (NYSE:M) trade information
In the face of being in the red today for losing -1.45%, in the last five days M remained trading in the green while hitting it’s week-highest on Wednesday, Jul 29 when the stock touched $6.72-8 price level, adding 8.45% to its value on the day. Macy’s, Inc.’s shares saw a change of -63.81% in year-to-date performance and have moved -4.62% in past 5-day. Macy’s, Inc. (NYSE:M) showed a performance of -10.58% in past 30-days. Number of shares sold short was 143.74 Million shares which calculate 3.46 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.67 to the stock, which implies targetted prices is already lagging behind -7.5% to its current value. Analysts have been projecting $3 as a low price target for the stock while placing it at a high target of $9. It follows that stock’s current price would jump +46.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of -51.06% for stock’s current value.
Macy’s, Inc. (M) estimates and forecasts
Statistics highlight that Macy’s, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -63.04% of value to its shares in past 6 months, showing an annual growth rate of -258.42% while that of industry is NA. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -753.6% in the current quarter and calculating -1428.6% decline in the next quarter. This year revenue growth is estimated to drop -29.8% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.48 Billion for the same. And 9 analysts are in estimates of company making revenue of $4.05 Billion in the next quarter that will end in October 01, 2020. Company posted $5.55 Billion and $5.17 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -37.3% while estimating it to be -21.7% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -48.3% while estimates for its earnings growth in next 5 years are of 0%