Linde Plc. (NASDAQ: LIN) has a higher price-to-earnings ratio of 33.36x compared to its average ratio. LIN has 36-month beta value of 0.97. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LIN is 472.46M, and currently, short sellers hold a 1.23% ratio of that float. The average trading volume of LIN on May 08, 2024 was 2.46M shares.
LIN) stock’s latest price update
The stock of Linde Plc. (NASDAQ: LIN) has increased by 0.79 when compared to last closing price of 426.62. Despite this, the company has experienced a -2.49% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Higher pricing from the Americas segment aids Linde’s (LIN) Q1 earnings, offset partially by lower contributions from the Engineering business unit.
LIN’s Market Performance
Linde Plc. (LIN) has experienced a -2.49% fall in stock performance for the past week, with a -6.86% drop in the past month, and a 3.47% rise in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 1.62% for LIN. The simple moving average for the past 20 days is -2.94% for LIN’s stock, with a 4.87% simple moving average for the past 200 days.
Analysts’ Opinion of LIN
Many brokerage firms have already submitted their reports for LIN stocks, with Mizuho repeating the rating for LIN by listing it as a “Buy.” The predicted price for LIN in the upcoming period, according to Mizuho is $510 based on the research report published on April 18, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see LIN reach a price target of $500, previously predicting the price at $475. The rating they have provided for LIN stocks is “Neutral” according to the report published on April 10th, 2024.
UBS gave a rating of “Neutral” to LIN, setting the target price at $510 in the report published on March 27th of the current year.
LIN Trading at -5.44% from the 50-Day Moving Average
After a stumble in the market that brought LIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.99% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.36% lower at present.
During the last 5 trading sessions, LIN fell by -2.49%, which changed the moving average for the period of 200-days by +11.82% in comparison to the 20-day moving average, which settled at $441.64. In addition, Linde Plc. saw 4.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LIN starting from Bichara Guillermo, who sale 6,034 shares at the price of $471.01 back on Mar 12 ’24. After this action, Bichara Guillermo now owns 27,161 shares of Linde Plc., valued at $2,842,105 using the latest closing price.
Durbin Sean, the Executive VP, North America of Linde Plc., sale 5,277 shares at $467.39 during a trade that took place back on Mar 12 ’24, which means that Durbin Sean is holding 8,151 shares at $2,466,417 based on the most recent closing price.
Stock Fundamentals for LIN
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.54 for the gross margin
The net margin for Linde Plc. stands at 0.17. The total capital return value is set at 0.12. Equity return is now at value 16.02, with 7.86 for asset returns.
Based on Linde Plc. (LIN), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 35.9.
Currently, EBITDA for the company is 12.31 billion with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 5.97. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To put it simply, Linde Plc. (LIN) has had a mixed performance in recent times. Analysts have a mixed 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.
