Prologis Inc (NYSE: PLD)’s stock price has soared by 0.41 in relation to previous closing price of 113.40. Nevertheless, the company has seen a loss of -3.35% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-03 that As long as I’ve been writing on Seeking Alpha (almost 15 years), it never ceases to amaze me by the temptation to chase yield. But as I get older, I’ve become more experienced as my mistakes have taught me the value of protecting my hard-earned principal at ALL costs. So I caution all readers to always pay very close attention to the overall safety of the dividend, not just the yield.
Is It Worth Investing in Prologis Inc (NYSE: PLD) Right Now?
Prologis Inc (NYSE: PLD) has a higher price-to-earnings ratio of 35.07x compared to its average ratio. PLD has 36-month beta value of 1.09. Analysts have mixed views 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 922.40M, and currently, short sellers hold a 1.06% ratio of that float. The average trading volume of PLD on November 05, 2024 was 3.46M shares.
PLD’s Market Performance
PLD’s stock has seen a -3.35% decrease for the week, with a -6.99% drop in the past month and a -5.94% fall in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.09% for Prologis Inc. The simple moving average for the past 20 days is -4.13% for PLD’s stock, with a -5.82% simple moving average for the past 200 days.
Analysts’ Opinion of PLD
Many brokerage firms have already submitted their reports for PLD stocks, with Goldman repeating the rating for PLD by listing it as a “Neutral.” The predicted price for PLD in the upcoming period, according to Goldman is $132 based on the research report published on October 21, 2024 of the current year 2024.
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 -7.97% 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 -17.20% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -5.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.64% lower at present.
During the last 5 trading sessions, PLD fell by -3.35%, which changed the moving average for the period of 200-days by -11.35% in comparison to the 20-day moving average, which settled at $118.77. In addition, Prologis Inc saw -14.58% 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
- 0.5 for the gross margin
The net margin for Prologis Inc stands at 0.39. The total capital return value is set at 0.03. Equity return is now at value 5.78, 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 0.14. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 3.86.
Currently, EBITDA for the company is 5.59 billion with net debt to EBITDA at 5.37. When we switch over and look at the enterprise to sales, we see a ratio of 17.36.
Conclusion
To put it simply, Prologis Inc (PLD) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
