Americold Realty Trust Inc (NYSE: COLD)’s stock price has plunge by 0.36relation to previous closing price of 24.68. Nevertheless, the company has seen a -0.24% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-25 that Industrial real estate has experienced strong demand growth, leading to an increase in development of new warehouses. The supply and demand for industrial real estate vary by location, resulting in pockets of both strength and weakness. The future winners in the industrial real estate sector can be estimated by studying valuation and operating fundamentals.
Is It Worth Investing in Americold Realty Trust Inc (NYSE: COLD) Right Now?
COLD has 36-month beta value of 0.53. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for COLD is 283.12M, and currently, short sellers hold a 1.07% ratio of that float. The average trading volume of COLD on March 28, 2024 was 2.42M shares.
COLD’s Market Performance
The stock of Americold Realty Trust Inc (COLD) has seen a -0.24% decrease in the past week, with a -0.68% drop in the past month, and a -18.14% fall in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 2.41% for COLD. The simple moving average for the last 20 days is -2.69% for COLD stock, with a simple moving average of -15.75% for the last 200 days.
Analysts’ Opinion of COLD
Raymond James, on the other hand, stated in their research note that they expect to see COLD reach a price target of $31. The rating they have provided for COLD stocks is “Outperform” according to the report published on February 29th, 2024.
Truist gave a rating of “Buy” to COLD, setting the target price at $35 in the report published on January 16th of the current year.
COLD Trading at -8.04% from the 50-Day Moving Average
After a stumble in the market that brought COLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.75% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares sank -0.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.65% lower at present.
During the last 5 trading sessions, COLD fell by -0.24%, which changed the moving average for the period of 200-days by -16.85% in comparison to the 20-day moving average, which settled at $25.44. In addition, Americold Realty Trust Inc saw -18.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COLD starting from NOVOSEL THOMAS C, who sale 6,000 shares at the price of $28.36 back on Dec 06 ’23. After this action, NOVOSEL THOMAS C now owns 4,616 shares of Americold Realty Trust Inc, valued at $170,160 using the latest closing price.
CHAMBERS ROBERT SCOTT, the EVP, Chief Commercial Officer of Americold Realty Trust Inc, sale 9,100 shares at $28.22 during a trade that took place back on Nov 28 ’23, which means that CHAMBERS ROBERT SCOTT is holding 0 shares at $256,802 based on the most recent closing price.
Stock Fundamentals for COLD
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.25 for the gross margin
The net margin for Americold Realty Trust Inc stands at -0.13. The total capital return value is set at 0.02. Equity return is now at value -9.00, with -4.16 for asset returns.
Based on Americold Realty Trust Inc (COLD), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 0.89.
Currently, EBITDA for the company is 463.74 million with net debt to EBITDA at 6.52. When we switch over and look at the enterprise to sales, we see a ratio of 3.91. The receivables turnover for the company is 6.27for trailing twelve months and the total asset turnover is 0.34.
Conclusion
To put it simply, Americold Realty Trust Inc (COLD) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
