Let’s start up with the current stock price of Macy’s Inc. (M), which is $22.68 to be very precise. The Stock rose vividly during the last session to $22.73 after opening rate of $22.08 while the lowest price it went was recorded $21.84 before closing at $22.23.Recently in News on November 21, 2022, Macy’s Launches Parade Metaverse Experience and Invites Fans to Raise Funds for Big Brothers Big Sisters of America and Vote for the First-Ever NFT Parade Balloon. In celebration of the 96th Macy’s Thanksgiving Day Parade®, the world-famous holiday event will host five NFT projects that will see a winning design made into a Macy’s Parade balloon for the 2023 holiday spectacle. You can read further details here
Macy’s Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $28.52 on 01/03/22, with the lowest value was $15.10 for the same time period, recorded on 09/26/22.
Macy’s Inc. (M) full year performance was -34.66%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Macy’s Inc. shares are logging -39.86% during the 52-week period from high price, and 50.20% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $15.10 and $37.71.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 13292134 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Macy’s Inc. (M) recorded performance in the market was -13.37%, having the revenues showcasing 17.45% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 6.27B, as it employees total of 88857 workers.
Macy’s Inc. (M) in the eye of market guru’s
During the last month, 0 analysts gave the Macy’s Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 18.34, with a change in the price was noted +4.36. In a similar fashion, Macy’s Inc. posted a movement of +23.80% for the period of last 100 days, recording 11,599,741 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for M is recording 0.85 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.85.
Macy’s Inc. (M): Stocks Technical analysis and Trends
Raw Stochastic average of Macy’s Inc. in the period of last 50 days is set at 95.11%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 91.03%. In the last 20 days, the company’s Stochastic %K was 90.02% and its Stochastic %D was recorded 79.29%.
If we look into the earlier routines of Macy’s Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -13.37%. Additionally, trading for the stock in the period of the last six months notably improved by 23.46%, alongside a downfall of -34.66% for the period of the last 12 months. The shares increased approximately by 10.53% in the 7-day charts and went down by 16.55% in the period of the last 30 days. Common stock shares were driven by 17.45% during last recorded quarter.