The stock price of Lineage Inc. (NASDAQ: LINE) has plunged by -0.41 when compared to previous closing price of 82.47, but the company has seen a -0.39% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-18 that MENLO PARK, Calif., Sept. 18, 2024 /PRNewswire/ — Onsite power generation provider Mainspring Energy Inc. today announced that its customer Lineage (NASDAQ: LINE), the world’s largest temperature-controlled warehouse REIT, has signed an agreement to deploy 33 Mainspring Linear Generators in the state of Texas at five Lineage facilities.
Is It Worth Investing in Lineage Inc. (NASDAQ: LINE) Right Now?
Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LINE is 67.76M, and at present, short sellers hold a 3.46% of that float. On September 20, 2024, the average trading volume of LINE was 2.01M shares.
LINE’s Market Performance
The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.92% for Lineage Inc. The simple moving average for the past 20 days is -1.53% for LINE’s stock, with a -2.77% simple moving average for the past 200 days.
Analysts’ Opinion of LINE
Many brokerage firms have already submitted their reports for LINE stocks, with CapitalOne repeating the rating for LINE by listing it as a “Overweight.” The predicted price for LINE in the upcoming period, according to CapitalOne is $91 based on the research report published on September 18, 2024 of the current year 2024.
CapitalOne, on the other hand, stated in their research note that they expect to see LINE reach a price target of $91. The rating they have provided for LINE stocks is “Overweight” according to the report published on September 16th, 2024.
Wells Fargo gave a rating of “Equal Weight” to LINE, setting the target price at $86 in the report published on August 19th of the current year.
LINE Trading at -2.77% from the 50-Day Moving Average
After a stumble in the market that brought LINE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.59% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -5.01% for the moving average over the last 20 days.
During the last 5 trading sessions, LINE fell by -0.39%, in comparison to the 20-day moving average, which settled at $83.19. In addition, Lineage Inc. saw 1.67% 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 LINE starting from Falotico Nancy Joy, who purchase 1,300 shares at the price of $78.00 back on Jul 26 ’24. After this action, Falotico Nancy Joy now owns 2,452 shares of Lineage Inc., valued at $101,400 using the latest closing price.
Wentworth Lynn A, the Director of Lineage Inc., purchase 3,100 shares at $78.00 during a trade that took place back on Jul 26 ’24, which means that Wentworth Lynn A is holding 4,910 shares at $241,800 based on the most recent closing price.
Stock Fundamentals for LINE
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.27 for the gross margin
The net margin for Lineage Inc. stands at -0.03. The total capital return value is set at 0.01.
Based on Lineage Inc. (LINE), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is 0.98.
Currently, EBITDA for the company is 1.13 billion with net debt to EBITDA at 16.77. When we switch over and look at the enterprise to sales, we see a ratio of 11.03. The receivables turnover for the company is 2.79for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To sum up, Lineage Inc. (LINE) 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.
