With 1.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.31 million shares. The 52-week range on ESRT shows that it touched its highest point at $10.32 and its lowest point at $5.38 during that stretch. It currently has a 1-year price target of $9.80. With its current market cap of 1.60 billion, ESRT has annualized dividend of $0.12 while the current yield stands at 1.26%. Beta for the stock currently stands at 1.31.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ESRT was up-trending over the past week, with a rise of 0.20%, but this was down by -3.53% over a month. Three-month performance surged to 14.73% while six-month performance rose 18.37%. The stock gained 33.96% in the past year, while it has gained 1.55% so far this year. EPS is expected to grow by 1.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.17%.
Float and Shares Shorts:
At present, 160.14 million ESRT shares are outstanding with a float of 131.51 million shares on hand for trading. On Feb 15, 2024, short shares totaled 7.05 million, which was 4.34% higher than short shares on Jan 12, 2024. In addition to ESLT as the firm’s Elbit Systems Ltd., ASRT serves as its Assertio Holdings, Inc.
Institutional Ownership:
Through their ownership of 90.65% of ESRT’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ESRT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ESRT analysts setting a high price target of $11.00 and a low target of $7.00, the average target price over the next 12 months is $9.80. Based on these targets, ESRT could surge 11.79% to reach the target high and fall by -28.86% to reach the target low. Reaching the average price target will result in a decline of -0.41% from current levels.
