In last trading session, Sachem Capital Corp (AMEX:SACH) saw 0.79 million shares changing hands with its beta currently measuring 1.68. Company’s recent per share price level of $1.21 trading at $0.04 or 3.42% at ring of the bell on the day assigns it a market valuation of $56.83M. That closing price of SACH’s stock is at a discount of -283.47% from its 52-week high price of $4.64 and is indicating a premium of 4.13% from its 52-week low price of $1.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.58 million shares which gives us an average trading volume of 418.11K if we extend that period to 3-months.
For Sachem Capital Corp (SACH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.46 in the current quarter.
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Sachem Capital Corp (AMEX:SACH) trade information
Upright in the green during last session for gaining 3.42%, in the last five days SACH remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $1.21 price level, adding 7.63% to its value on the day. Sachem Capital Corp’s shares saw a change of -67.65% in year-to-date performance and have moved -7.63% in past 5-day. Sachem Capital Corp (AMEX:SACH) showed a performance of -27.11% in past 30-days. Number of shares sold short was 1.94 million shares which calculate 9.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 59.67% 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 3. It follows that stock’s current price would drop -147.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -147.93% for stock’s current value.
Sachem Capital Corp (SACH) estimates and forecasts
Statistics highlight that Sachem Capital Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -54.85% of value to its shares in past 6 months, showing an annual growth rate of -311.11% while that of industry is 7.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.70% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 14.49M for the same. And 4 analysts are in estimates of company making revenue of 14.84M in the next quarter. Company posted 16.91M and 17.2M of sales in current and next quarters respectively a year earlier.
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 -11.49% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -294.53% while estimates for its earnings growth in next 5 years are of 47.00%.
SACH Dividends
Sachem Capital Corp is more likely to be releasing its next quarterly report in January and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 28.93%, the share has a forward dividend of 0.35 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 12.72%.
Sachem Capital Corp (AMEX:SACH)’s Major holders
Insiders are in possession of 4.48% of company’s total shares while institution are holding 22.34 percent of that, with stock having share float percentage of 23.39%. Investors also watch the number of corporate investors in a company very closely, which is 22.34% institutions for Sachem Capital Corp that are currently holding shares of the company. MELIA WEALTH LLC is the top institutional holder at SACH for having 2.58 million shares of worth $6.68 million. And as of 2024-06-30, it was holding 5.4535 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 2.34 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.9349 of outstanding shares, having a total worth of $6.05 million.
