SL Green Realty Corp. [SLG] stock prices are down -0.48% to $52.16 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SLG shares have gain 5.01% over the last week, with a monthly amount drifted -0.78%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
SL Green Realty Corp. [NYSE: SLG] stock has seen the most recent analyst activity on April 18, 2024, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $58 from $56. Previously, Barclays upgraded its rating to Equal Weight on March 27, 2024, and elevated its price target to $48. On March 18, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $44 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $50 on January 30, 2024. Truist downgraded its rating to a Hold and raised its price target to $47 on January 16, 2024. Compass Point started tracking with a Sell rating for this stock on September 26, 2023, and assigned it a price target of $27. In a note dated August 17, 2023, BMO Capital Markets downgraded an Market Perform rating on this stock and boosted its target price from $32 to $35.
The stock price of SL Green Realty Corp. [SLG] has been fluctuating between $20.51 and $55.75 over the past year. Currently, Wall Street analysts expect the stock to reach $67.46 within the next 12 months. SL Green Realty Corp. [NYSE: SLG] shares were valued at $52.16 at the most recent close of the market. An investor can expect a potential return of 29.33% based on the average SLG price forecast.
Analyzing the SLG fundamentals
The SL Green Realty Corp. [NYSE:SLG] reported sales of 829.86M for trailing twelve months, representing a drop of -19.34%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.26%, Pretax Profit Margin comes in at -0.68%, and Net Profit Margin reading is -0.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.18 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.42 points at the first support level, and at 50.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.94, and for the 2nd resistance point, it is at 53.72.
SL Green Realty Corp. [SLG] reported earnings per share of $0.2 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.03 and a surprise factor of 17.60%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were -$2.45 per share as compared to estimates of -$0.88 per share, a difference of -$1.57 representing a surprise of -178.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.32, the price to book ratio is 0.96.
Transactions by insiders
Recent insider trading involved Brown Carol N, Director, that happened on Feb 09 ’24 when 5118.0 shares were sold. Director, ATKINS BETSY S completed a deal on Jan 26 ’24 to sell 9894.0 shares. Meanwhile, Director HATKOFF CRAIG M sold 5100.0 shares on Jan 26 ’24.
