The stock of Farmland Partners Inc (NYSE: FPI) has decreased by -0.09 when compared to last closing price of 11.70. Despite this, the company has experienced a 8.04% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-14 that Farmland Partners (FPI) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.
Is It Worth Investing in Farmland Partners Inc (NYSE: FPI) Right Now?
The price-to-earnings ratio for Farmland Partners Inc (NYSE: FPI) is above average at 25.55x. The 36-month beta value for FPI is also noteworthy at 0.72. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FPI is 43.34M, and at present, short sellers hold a 7.76% of that float. The average trading volume of FPI on June 19, 2024 was 298.32K shares.
FPI’s Market Performance
FPI stock saw an increase of 8.04% in the past week, with a monthly gain of 2.81% and a quarterly increase of 8.85%. The volatility ratio for the week is 2.66%, and the volatility levels for the last 30 days are 2.03% for Farmland Partners Inc (FPI). The simple moving average for the past 20 days is 6.25% for FPI’s stock, with a 5.14% simple moving average for the past 200 days.
Analysts’ Opinion of FPI
Many brokerage firms have already submitted their reports for FPI stocks, with B. Riley Securities repeating the rating for FPI by listing it as a “Neutral.” The predicted price for FPI in the upcoming period, according to B. Riley Securities is $12.50 based on the research report published on December 13, 2023 of the previous year 2023.
ROTH Capital gave a rating of “Buy” to FPI, setting the target price at $16 in the report published on June 21st of the previous year.
FPI Trading at 6.86% from the 50-Day Moving Average
After a stumble in the market that brought FPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.46% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares surge +4.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.25% upper at present.
During the last 5 trading sessions, FPI rose by +8.04%, which changed the moving average for the period of 200-days by +5.32% in comparison to the 20-day moving average, which settled at $11.03. In addition, Farmland Partners Inc saw -6.33% 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 FPI starting from Pittman Paul A, who purchase 31,048 shares at the price of $10.29 back on Sep 29 ’23. After this action, Pittman Paul A now owns 1,298,505 shares of Farmland Partners Inc, valued at $319,403 using the latest closing price.
Pittman Paul A, the Executive Chairman of Farmland Partners Inc, purchase 2,774 shares at $10.21 during a trade that took place back on Sep 28 ’23, which means that Pittman Paul A is holding 1,267,457 shares at $28,333 based on the most recent closing price.
Stock Fundamentals for FPI
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.72 for the gross margin
The net margin for Farmland Partners Inc stands at 0.54. The total capital return value is set at 0.02. Equity return is now at value 5.65, with 2.79 for asset returns.
Based on Farmland Partners Inc (FPI), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 0.91.
Currently, EBITDA for the company is 31.34 million with net debt to EBITDA at 11.98. When we switch over and look at the enterprise to sales, we see a ratio of 16.52. The receivables turnover for the company is 1.72for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In summary, Farmland Partners Inc (FPI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
