It is Poised to be a Bull Market for Sachem Capital Corp (SACH)

With 0.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $3.8100 whereas the lowest price it dropped to was $3.5700. The 52-week range on SACH shows that it touched its highest point at $4.64 and its lowest point at $2.98 during that stretch. It currently has a 1-year price target of $4.12. With its current market cap of 164.20 million, SACH has annualized dividend of $0.48 while the current yield stands at 13.26%. Beta for the stock currently stands at 1.62.

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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 SACH was down-trending over the past week, with a drop of -18.83%, but this was down by -3.98% over a month. Three-month performance dropped to -3.21% while six-month performance rose 2.55%. The stock gained 0.28% in the past year, while it has lost -3.21% so far this year. A look at the trailing 12-month EPS for SACH yields 0.28 with Next year EPS estimates of 0.41. For the next quarter, that number is 0.11. This implies an EPS growth rate of 71.88% for this year and -3.49% for next year. EPS is expected to grow by 45.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.49%.

Float and Shares Shorts:

At present, 46.77 million SACH shares are outstanding with a float of 43.25 million shares on hand for trading. On Mar 15, 2024, short shares totaled 0.97 million, which was 2.13% higher than short shares on Feb 15, 2024. In addition to Mr. John L. Villano CPA, CPA as the firm’s Interim CFO, Chairman, CEO & President, Mr. Nicholas M. Marcello serves as its Vice President of Finance & Operations.

Institutional Ownership:

Through their ownership of 18.54% of SACH’s outstanding shares, institutional investors have minority 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 SACH 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.