The stock of Linde Plc. (LIN) has seen a -3.75% decrease in the past week, with a 1.71% gain in the past month, and a 4.35% flourish in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.16% for LIN. The simple moving average for the last 20 days is -2.06% for LIN stock, with a simple moving average of 4.04% for the last 200 days.
Is It Worth Investing in Linde Plc. (NASDAQ: LIN) Right Now?
Linde Plc. (NASDAQ: LIN) has a price-to-earnings ratio of 34.59x that is above its average ratio. Additionally, the 36-month beta value for LIN is 0.95. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 5 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for LIN is 469.16M and currently, short sellers hold a 1.05% ratio of that float. The average trading volume of LIN on September 11, 2024 was 1.54M shares.
LIN) stock’s latest price update
The stock price of Linde Plc. (NASDAQ: LIN) has plunged by -2.00 when compared to previous closing price of 463.72, but the company has seen a -3.75% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-11 that I reiterate a ‘Buy’ rating for Linde with a one-year target price of $520 per share, driven by double-digit EPS growth and effective cost management. Linde reported 3% growth in underlying revenue and 6% growth in adjusted operating profits, with strong pricing and productivity despite flattish volume growth. High-quality project backlog, including semiconductor manufacturing facilities and green energy initiatives, positions Linde for near-term business growth and profitability.
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 0.65% 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 -5.29% of loss for the given period.
Volatility was left at 1.16%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.05% upper at present.
During the last 5 trading sessions, LIN fell by -3.65%, which changed the moving average for the period of 200-days by +10.51% in comparison to the 20-day moving average, which settled at $464.24. In addition, Linde Plc. saw 10.64% 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 JOHN M. PANIKAR, who proposed sale 10,025 shares at the price of $462.75 back on Sep 10 ’24. After this action, JOHN M. PANIKAR now owns shares of Linde Plc., valued at $4,639,088 using the latest closing price.
Pfann Oliver, the Senior Vice President, EMEA of Linde Plc., sale 1,022 shares at $453.70 during a trade that took place back on Aug 16 ’24, which means that Pfann Oliver is holding 3,551 shares at $463,681 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
- 0.51 for the gross margin
The net margin for Linde Plc. stands at 0.17. The total capital return value is set at 0.13. Equity return is now at value 16.39, with 8.05 for asset returns.
Based on Linde Plc. (LIN), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 33.97.
Currently, EBITDA for the company is 12.31 billion with net debt to EBITDA at 1.37. When we switch over and look at the enterprise to sales, we see a ratio of 6.29. The receivables turnover for the company is 7.13for 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 0.95.
Conclusion
In conclusion, Linde Plc. (LIN) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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..
