Drilling Down Into The Macerich Company (MAC)

The Macerich Company (MAC) is an interesting player in the Financial space, with a focus on REIT – Retail. The stock has been active on the tape, currently trading at $52.97, down from yesterday’s close by -0.32%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. The Macerich Company (MAC) currently trades with a market capitalization of $7.51 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For MAC, the company currently has $137.44 Million of cash on the books, which is offset by $ current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $490.93 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.18 on a per share basis this quarter. Perhaps, that suggests something about why 42.54% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how MAC has been acting. Looking at the stock’s movement on the chart, The Macerich Company recorded a 52-week high of $83.28. It is now trading 30.31% off that level. The stock is trading $56.10 its 50-day moving average by 3.13%. The stock carved out a 52-week low down at $52.12.

In recent action, The Macerich Company (MAC) has made a move of -0.11% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 49.15, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.85% with $140.50 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MAC.

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