Tanger Factory Outlet Centers, Inc. (SKT) 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 $24.25, down from yesterday’s close by -0.45%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.
Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Tanger Factory Outlet Centers, Inc. (SKT) currently trades with a market capitalization of $2.29 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 SKT, the company currently has $8.36 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 $49.94 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $-0.11 on a per share basis this quarter. Perhaps, that suggests something about why 56.48% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Tanger Factory Outlet Centers, Inc. recorded a 52-week high of $40.05. It is now trading 15.8% off that level. The stock is trading $25.29 its 50-day moving average by 1.04%. The stock carved out a 52-week low down at $23.06.
In recent action, Tanger Factory Outlet Centers, Inc. (SKT) has made a move of +1.89% 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 52.39, 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 21.86% with $93.13 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SKT.