The stock of Plymouth Industrial Reit Inc (PLYM) has gone down by -3.63% for the week, with a -2.63% drop in the past month and a 7.37% rise in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are 1.72% for PLYM. The simple moving average for the past 20 days is -4.55% for PLYM’s stock, with a 1.37% simple moving average for the past 200 days.
Is It Worth Investing in Plymouth Industrial Reit Inc (NYSE: PLYM) Right Now?
The price-to-earnings ratio for Plymouth Industrial Reit Inc (NYSE: PLYM) is above average at 41.94x, Company’s 36-month beta value is 1.40.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PLYM is 39.77M, and currently, short sellers hold a 1.25% ratio of that floaft. The average trading volume of PLYM on September 11, 2024 was 261.80K shares.
PLYM) stock’s latest price update
The stock price of Plymouth Industrial Reit Inc (NYSE: PLYM) has plunged by -1.78 when compared to previous closing price of 22.98, but the company has seen a -3.63% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-30 that PLYM announces an agreement with Sixth Street for an investment of $250 million to enhance earnings growth and expand the platform.
Analysts’ Opinion of PLYM
Many brokerage firms have already submitted their reports for PLYM stocks, with Barclays repeating the rating for PLYM by listing it as a “Equal Weight.” The predicted price for PLYM in the upcoming period, according to Barclays is $22 based on the research report published on March 27, 2024 of the current year 2024.
JMP Securities, on the other hand, stated in their research note that they expect to see PLYM reach a price target of $27. The rating they have provided for PLYM stocks is “Mkt Outperform” according to the report published on January 22nd, 2024.
JP Morgan gave a rating of “Underweight” to PLYM, setting the target price at $25 in the report published on December 18th of the previous year.
PLYM Trading at -3.28% from the 50-Day Moving Average
After a stumble in the market that brought PLYM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.65% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.65% upper at present.
During the last 5 trading sessions, PLYM fell by -4.50%, which changed the moving average for the period of 200-days by +4.80% in comparison to the 20-day moving average, which settled at $23.59. In addition, Plymouth Industrial Reit Inc saw -6.23% 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 PLYM starting from MIRELF VI REIT Investments IV,, who sale 563,438 shares at the price of $23.58 back on Aug 19 ’24. After this action, MIRELF VI REIT Investments IV, now owns 4,474,292 shares of Plymouth Industrial Reit Inc, valued at $13,285,868 using the latest closing price.
WHITE PENDLETON P, the Director of Plymouth Industrial Reit Inc, purchase 4,000 shares at $21.58 during a trade that took place back on Mar 14 ’24, which means that WHITE PENDLETON P is holding 4,000 shares at $86,320 based on the most recent closing price.
Stock Fundamentals for PLYM
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.59 for the gross margin
The net margin for Plymouth Industrial Reit Inc stands at 0.14. The total capital return value is set at 0.02. Equity return is now at value 5.52, with 1.83 for asset returns.
Based on Plymouth Industrial Reit Inc (PLYM), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.82. The interest coverage ratio of the stock is 0.89.
Currently, EBITDA for the company is 120.22 million with net debt to EBITDA at 6.95. When we switch over and look at the enterprise to sales, we see a ratio of 9.36.
Conclusion
In a nutshell, Plymouth Industrial Reit Inc (PLYM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
