SL Green Realty Corp. (SLG) Shares on the Rise: Short-term Analysis

SL Green Realty Corp. [SLG] stock is trading at $78.77, up 4.82%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SLG shares have gain 15.99% over the last week, with a monthly amount glided 9.08%, and 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 September 18, 2024, when Compass Point upgraded its rating to a Neutral and also boosted its price target to $60 from $35. Previously, Evercore ISI upgraded its rating to In-line on September 16, 2024, and elevated its price target to $66. On September 13, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $66 on the stock. Scotiabank upgraded its rating to a Sector Perform and increased its price target to $53 on July 09, 2024. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $58 on April 18, 2024. Barclays upgraded its rating to Equal Weight for this stock on March 27, 2024, and upped its price target to $48. In a note dated March 18, 2024, Evercore ISI downgraded an Underperform rating on this stock but restated the target price of $44.

SL Green Realty Corp. [SLG] stock has fluctuated between $28.55 and $75.59 over the past year. Currently, Wall Street analysts expect the stock to reach $68.89 within the next 12 months. SL Green Realty Corp. [NYSE: SLG] shares were valued at $78.77 at the most recent close of the market. An investor can expect a potential drop of -12.54% based on the average SLG price forecast.

Analyzing the SLG fundamentals

SL Green Realty Corp. [NYSE:SLG] reported sales of 893.03M for the trailing twelve months, which represents a growth of 23.68%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.

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 75.61 points at the first support level, and at 72.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.50, and for the 2nd resistance point, it is at 82.24.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.72, the price to book ratio is 1.54.

Transactions by insiders

Recent insider trading involved Brown Carol N, Director, that happened on Feb 09 ’24 when 5118.0 shares were sold. Director, HATKOFF CRAIG M completed a deal on Jan 26 ’24 to sell 5100.0 shares. Meanwhile, Director ATKINS BETSY S sold 9894.0 shares on Jan 26 ’24.

Related Posts