In today’s recent session, 0.52 million shares of the Sachem Capital Corp (AMEX:SACH) have been traded, and its beta is 1.69. Most recently the company’s share price was $1.53, and it changed around $0.04 or 2.68% from the last close, which brings the market valuation of the company to $76.45M. SACH at last check was trading at a discount to its 52-week high of $4.64, offering almost -203.27% off that amount. The share price’s 52-week low was $1.44, which indicates that the recent value has risen by an impressive 5.88% since then. We note from Sachem Capital Corp’s average daily trading volume that its 10-day average is 0.74 million shares, with the 3-month average coming to 304.28K.
Sachem Capital Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended SACH as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Sachem Capital Corp is expected to report earnings per share of -0.46 for the current quarter.
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Sachem Capital Corp (AMEX:SACH) trade information
Instantly SACH has been showing a green trend so far today with a performance of 2.68% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9850 on recent trading dayincreased the stock’s daily price by 22.92%. The company’s shares are currently down -59.09% year-to-date, but still down -23.12% over the last five days. On the other hand, Sachem Capital Corp (AMEX:SACH) is -34.89% down in the 30-day period. We can see from the shorts that 1.94 million shares have been sold at a short interest cover period of 9.78 day(s).
The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bulls needing to increase their stock price by 59.2% from its current value. Analyst projections state that SACH is forecast to be at a low of $3 and a high of $4.5.
Sachem Capital Corp (SACH) estimates and forecasts
Sachem Capital Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -51.74 percent over the past six months and at a -37.04% annual growth rate that is well below the industry average of 8.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -656.69% in revenue this quarter, and will report a decrease of -38.51% in the next quarter. The year-over-year growth rate is expected to be -5.29%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 15.05M in revenue for the current quarter. 4 analysts expect Sachem Capital Corp to make 15.48M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 16.91M and 17.2M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.01%. Forecasts for the next quarter put sales growth at -10.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -11.49%. Sachem Capital Corp earnings are expected to increase by -158.96% in 2024, but the outlook is positive 47.00% per year for the next five years.
SACH Dividends
Sachem Capital Corp’s next quarterly earnings report is expected to be released on 2024-Nov-14. The annual dividend yield of the stock is 22.88 percent and its annual dividend per share was 0.35. It is important to note, however, that the 22.88% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 12.72 per year.
Sachem Capital Corp (AMEX:SACH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.48% of Sachem Capital Corp shares, and 22.34% of them are in the hands of institutional investors. The stock currently has a share float of 23.39%. Sachem Capital Corp stock is held by 65.0 institutions, with MELIA WEALTH LLC being the largest institutional investor. By 2024-06-30, it held 5.4535% of the shares, which is about 2.58 million shares worth $6.68 million.
VANGUARD GROUP INC, with 4.9349% or 2.34 million shares worth $6.05 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 1.62 shares worth $2.5 million, making up 3.25% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 658.26 shares worth around $1.01 million, which represents about 1.32% of the total shares outstanding.
