Looking into the technicals, STORE Capital Corporation (NYSE:STOR) has scored 72% Buy indication. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the STOR’s short-term trajectory should know that short terms indicators for the stock averaged 60% Buy with an average daily trading volume over the past 20 days at 1740935 shares. STOR stock has overall a 0.75% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 1740276 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 1827892 shares, is 67% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $32.43. Below this, the next support is placed in the zone of $32.32. Till the time, the STOR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 60.01 on daily chart, which may remain a cause for concern. If the price breaks below $32.32 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $32.74 mark may result into a pull-back move towards $32.94 level.
STORE Capital Corporation (STOR) is projected to climb by 2.55 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $37-month high price target. This represents a whopping 13.67 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $33.25, which represents a return potential of 2.15 percent when compared to the closing price of the stock of $32.55 on Thursday, March 14. The lowest price target for the stock is $31 — slightly more than -4.76 percent from STOR’s current share price.
Here’s a rundown of insider trading activity for sense of STORE Capital Corporation (NYSE:STOR).
STOR shares dropped -0.15 points or -0.46 percent on Thursday to $32.55 with a heavy trade volume of 2.97 million shares. After opening the session at $32.8, the shares went as high as $32.82 and as low as $32.51, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $7.23 billion and now has 222.23 million shares outstanding. STORE Capital Corporation (STOR) stock has gained 2.71 percent of market value in 21 trading days.
Analysts at Morgan Stanley upped their rating on shares of STORE Capital Corporation (NYSE:STOR) from Equal-Weight to Overweight in their opinion released on October 01. Janney analysts have downgraded their rating of STOR stock from Buy to Neutral in a separate flash note to investors on July 13.
STOR stock has a trailing 3-year beta of 0.35, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.84 a share in the trailing twelve months. The stock’s value has surged 14.98 percent year to date (YTD) against a rise of 31.25 percent in 12 month’s time. The company’s shares still trade -1.18 percent away from its 1-year high of $32.94 and 35.4 percent up from 52-week low of $24.04. The average consensus rating on the company is 2.1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of STORE Capital Corporation (STOR) are trading at a P/E ratio of 33.27 times earnings reported for the past 12 months. The industry STOR operates in has an average P/E of 32.36. Its P/E ratio went as low as 33.62X and as high as 40.42 over the 5-year span. Further, it is sporting a 13.38 on the Price-to-Sales ratio. Compare this with the industry average P/S of 10.21. 99.2 percent is the gross profit margin for STORE Capital Corporation and operating margin sits at 55.7 percent. Along with this, the net profit margin is 40 percent.
STOR will be declaring its Q1 financial results. Analysts are forecasting revenue to climb 21.9 percent to $146M in the next fiscal quarter, while earnings are seen soaring by nearly -11.54 percent to $0.23 per share. History has shown that shares in STORE Capital Corporation have gone up on 11 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.26 per share, better than the $0.22, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $139M, better than the $136M analysts expected. Earnings are estimated to increase by 22.2 percent this year, 6.52 percent next year and continue to increase by 5.87 percent annually for the next 5 years.