Option trading in Macy's (M, Financial) has experienced a significant uptick, with a notable increase in call options activity. A total of 14,440 call options were traded, which is triple the expected volume. This surge has driven up the implied volatility of the stock by over 3 points, reaching 64.16%.
The most active options have been the 11.5 and 11 strike calls for the week of April 25, which together account for nearly 12,400 contracts. This activity indicates a strong bullish sentiment among investors.
Additionally, the Put/Call Ratio stands at a remarkably low 0.07, further suggesting a preference for calls over puts as investors anticipate future gains. The company's earnings report is scheduled for release on May 21, providing a potential catalyst for future stock movements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Macy's Inc (M, Financial) is $13.44 with a high estimate of $17.00 and a low estimate of $6.00. The average target implies an upside of 22.44% from the current price of $10.98. More detailed estimate data can be found on the Macy's Inc (M) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Macy's Inc's (M, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Macy's Inc (M, Financial) in one year is $15.30, suggesting a upside of 39.34% from the current price of $10.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Macy's Inc (M) Summary page.
