Sachem Capital Corp (AMEX:SACH)’s traded shares stood at 0.44 million during the last session, with the company’s beta value hitting 1.64. At the close of trading, the stock’s price was $1.39, to imply an increase of 1.46% or $0.02 in intraday trading. The SACH share’s 52-week high remains $4.64, putting it -233.81% down since that peak but still an impressive 2.88% since price per share fell to its 52-week low of $1.35. The company has a valuation of $65.28M, with an average of 0.44 million shares in intraday trading volume over the past 10 days and average of 365.66K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Sachem Capital Corp (SACH), translating to a mean rating of 2.20. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SACH a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.46.
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Sachem Capital Corp (AMEX:SACH) trade information
After registering a 1.46% upside in the last session, Sachem Capital Corp (SACH) has traded red over the past five days. The 5-day price performance for the stock is -12.03%, and -38.50% over 30 days. With these gigs, the year-to-date price performance is -62.83%. Short interest in Sachem Capital Corp (AMEX:SACH) saw shorts transact 1.94 million shares and set a 9.78 days time to cover.
The extremes give us $3 and $3 for target low and target high price respectively. As such, SACH has been trading -115.83% off suggested target high and -115.83% from its likely low.
Sachem Capital Corp (SACH) estimates and forecasts
Looking at statistics comparing Sachem Capital Corp share performance against respective industry, we note that the company has underperformed competitors. Sachem Capital Corp (SACH) shares are -53.20% down over the last 6 months, with its year-to-date growth rate lower than industry average at -37.04% against 7.60%. The rating firms project that company’s revenue will shrink -6.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 14.49M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 14.84M.Earnings reports from the last fiscal year show that sales brought in 16.91M and 17.2M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -14.32% before dropping -13.71% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -11.49% for the past 5-year period. While 2024 is set for a -294.53% return in earnings, projections for the next 5 years are at 47.00% annually.
SACH Dividends
Sachem Capital Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Sachem Capital Corp has a forward dividend ratio of 0.35, with the share yield ticking at 25.18% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 12.72%.
Sachem Capital Corp (AMEX:SACH)’s Major holders
Sachem Capital Corp insiders hold 4.48% of total outstanding shares, with institutional holders owning 22.34% of the shares at 23.39% float percentage. In total, 22.34% institutions holds shares in the company, led by MELIA WEALTH LLC. As of 2024-06-30, the company held over 2.58 million shares (or 5.4535% of shares), all amounting to roughly $6.68 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.34 million shares, or about 4.9349% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.05 million.
