In the past week, PLD stock has gone down by -2.23%, with a monthly decline of -6.14% and a quarterly plunge of -6.29%. The volatility ratio for the week is 2.98%, and the volatility levels for the last 30 days are 2.00% for Prologis Inc The simple moving average for the last 20 days is -3.90% for PLD’s stock, with a simple moving average of -3.14% for the last 200 days.
Is It Worth Investing in Prologis Inc (NYSE: PLD) Right Now?
The price-to-earnings ratio for Prologis Inc (NYSE: PLD) is 35.99x, which is above its average ratio. Moreover, the 36-month beta value for PLD is 1.08. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for PLD is 922.13M and currently, short sellers hold a 1.28% of that float. On October 22, 2024, PLD’s average trading volume was 3.43M shares.
PLD) stock’s latest price update
Prologis Inc (NYSE: PLD) has experienced a decline in its stock price by -3.86 compared to its previous closing price of 122.50. However, the company has seen a fall of -2.23% in its stock price over the last five trading days. prnewswire.com reported 2024-10-21 that MEXICO CITY, Oct. 21, 2024 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, declared today a cash distribution of Ps. 1,083.7 million (US$54.2 million), or Ps.
Analysts’ Opinion of PLD
BofA Securities, on the other hand, stated in their research note that they expect to see PLD reach a price target of $128. The rating they have provided for PLD stocks is “Neutral” according to the report published on August 12th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to PLD, setting the target price at $127 in the report published on August 05th of the current year.
PLD Trading at -5.95% from the 50-Day Moving Average
After a stumble in the market that brought PLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.36% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -7.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.39% lower at present.
During the last 5 trading sessions, PLD fell by -2.23%, which changed the moving average for the period of 200-days by -9.61% in comparison to the 20-day moving average, which settled at $122.55. In addition, Prologis Inc saw -11.65% 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 PLD starting from Ghazal Joseph, who sale 5,200 shares at the price of $129.07 back on Aug 23 ’24. After this action, Ghazal Joseph now owns 13,187 shares of Prologis Inc, valued at $671,164 using the latest closing price.
Ghazal Joseph, the Officer of Prologis Inc, proposed sale 5,200 shares at $129.07 during a trade that took place back on Aug 23 ’24, which means that Ghazal Joseph is holding shares at $671,164 based on the most recent closing price.
Stock Fundamentals for PLD
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.51 for the gross margin
The net margin for Prologis Inc stands at 0.39. The total capital return value is set at 0.04. Equity return is now at value 5.29, with 3.28 for asset returns.
Based on Prologis Inc (PLD), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 5.31.
Currently, EBITDA for the company is 5.59 billion with net debt to EBITDA at 5.81. When we switch over and look at the enterprise to sales, we see a ratio of 17.62.
Conclusion
To wrap up, the performance of Prologis Inc (PLD) has been bad in recent times. The stock has received a bullish of “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.
