iStar Inc. (NYSE:STAR) currently has a daily average trading volume of 953.61K but it saw 1448289 shares traded on Thursday. With a market cap of 758.70M USD, stock’s current market price of $7.04 came rising about 1.88 while comparing to the previous closing price of $6.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.27 and as low as $6.44. In the recent trading on the day, stock has struck highest price mark of $7.14 while lowest mark touched by it was $6.68.
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Taking a look at 20-day trading activity of iStar Inc. (STAR) gives us an average price of $7.48, while its current price level is -63.46% below from 52-week high level whereas it is 9.35% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.27 while that of 200 days or SMA-200 reads an average of $11.22. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.93% during that period while stretching the period over a month that decreases to 4.51%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.30 which implies that the stock is in neutral territory.
iStar Inc. (STAR)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $9.00 and $9.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $9.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $9.00. Average price target assigned by them is $9.00 which highlights an upside potential of 21.78% for the stock over that period. And to attain the median price target of $9.00 assigned by those analysts, stock has to add about 21.78% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, STAR’s stock price is moving -1.40% down while it is -20.72% when we observe its performance for the past one month. Year-to-date it is -7.73% down and over the past year, the stock is showing a downside performance of -62.35%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.33 beat the consensus estimate of $0.04 for the same. The company is expected to be releasing its next quarterly report in 05/04/2023, for which analysts forecasted an EPS of -$0.05 while estimate for next year EPS is $7.37. For STAR, analysts are forecasting an EPS-growth rate of 116.10% for current year and estimate for EPS growth in next year is -96.60%. In next quarter, company is expected to be making quarterly sales of $47.3 million as analysts are expecting the sales for current fiscal year at $172.2 million and seeing the company making $109.8 million in sales next year. Moreover, analysts are in estimates of $44.3 million for current-quarter revenue.
Currently, iStar Inc.’s total number of outstanding shares is 86.77M with 4.27% of that held by the insiders while 86.91% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -8.30% and return on equity (ROE) at 25.80%. It has a 8.80 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 0.43 while price to sale or P/S ratio amounts to 4.80. Its return on asset (ROA) is 11.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by 0.24% in the iStar Inc. (STAR) increasing its stake to 7.61% with control over 16016.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 6,595,850 of company’s common stock of worth $50.79 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in iStar Inc., as Vanguard Real Estate Index Fund dumped 3,807,294 shares of worth $29.32 million to bring its holdings to a total of 8878.0 shares. In the most recent quarter, Vanguard Total Stock Market Index came rising its stake by 2.30% in the company and now holds 2.52 million or 2.90% of the company’s stake having worth of about 19.37 million.
