The stock of Global Net Lease Inc (GNL) has gone up by 2.78% for the week, with a 5.98% rise in the past month and a 24.26% rise in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are 1.96% for GNL. The simple moving average for the past 20 days is 2.68% for GNL’s stock, with a 9.69% simple moving average for the past 200 days.
Is It Worth Investing in Global Net Lease Inc (NYSE: GNL) Right Now?
The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GNL is 199.97M, and at present, short sellers hold a 3.26% of that float. On September 19, 2024, the average trading volume of GNL was 1.48M shares.
GNL) stock’s latest price update
The stock price of Global Net Lease Inc (NYSE: GNL) has jumped by 0.34 compared to previous close of 8.83. Despite this, the company has seen a gain of 2.78% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-08 that U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside.
Analysts’ Opinion of GNL
Many brokerage firms have already submitted their reports for GNL stocks, with Truist repeating the rating for GNL by listing it as a “Hold.” The predicted price for GNL in the upcoming period, according to Truist is $7 based on the research report published on March 28, 2024 of the current year 2024.
BMO Capital Markets gave a rating of “Outperform” to GNL, setting the target price at $11 in the report published on February 13th of the current year.
GNL Trading at 4.99% from the 50-Day Moving Average
After a stumble in the market that brought GNL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.47% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +7.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.45% upper at present.
During the last 5 trading sessions, GNL rose by +2.78%, which changed the moving average for the period of 200-days by +0.91% in comparison to the 20-day moving average, which settled at $8.66. In addition, Global Net Lease Inc saw -10.95% 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 GNL starting from SCHORSCH NICHOLAS S, who sale 200,000 shares at the price of $7.15 back on Jun 27 ’24. After this action, SCHORSCH NICHOLAS S now owns 1,629,073 shares of Global Net Lease Inc, valued at $1,430,000 using the latest closing price.
SCHORSCH NICHOLAS S, the 10% Owner of Global Net Lease Inc, sale 150,000 shares at $7.19 during a trade that took place back on Jun 24 ’24, which means that SCHORSCH NICHOLAS S is holding 2,079,073 shares at $1,078,500 based on the most recent closing price.
Stock Fundamentals for GNL
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.44 for the gross margin
The net margin for Global Net Lease Inc stands at -0.34. The total capital return value is set at 0.01. Equity return is now at value -13.20, with -4.27 for asset returns.
Based on Global Net Lease Inc (GNL), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.02. The interest coverage ratio of the stock is 0.39.
Currently, EBITDA for the company is 308.74 million with net debt to EBITDA at 15.57. When we switch over and look at the enterprise to sales, we see a ratio of 9.41. The receivables turnover for the company is 7.94for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To sum up, Global Net Lease Inc (GNL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
