The stock of Linde Plc (LIN) has seen a 0.15% increase in the past week, with a -4.60% drop in the past month, and a 0.98% flourish in the past quarter. The volatility ratio for the week is 1.39%, and the volatility levels for the past 30 days are at 1.20% for LIN. The simple moving average for the past 20 days is -3.04% for LIN’s stock, with a 1.02% simple moving average for the past 200 days.
Is It Worth Investing in Linde Plc (NASDAQ: LIN) Right Now?
Linde Plc (NASDAQ: LIN) has a price-to-earnings ratio of 34.58x that is above its average ratio. Additionally, the 36-month beta value for LIN is 0.94. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 5 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for LIN is 465.45M and currently, short sellers hold a 1.16% ratio of that float. The average trading volume of LIN on November 13, 2024 was 1.51M shares.
LIN) stock’s latest price update
Linde Plc (NASDAQ: LIN)’s stock price has decreased by -0.19 compared to its previous closing price of 456.44. However, the company has seen a 0.15% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-03 that Linde is a growing low-risk business capable of generating 30%+ returns on capital invested. Elevated inflation levels as of late enabled Linde to raise prices and helped boost earnings growth. The economic backdrop is less favourable currently and the stock could re-rate to a lower valuation multiple.
Analysts’ Opinion of LIN
Many brokerage firms have already submitted their reports for LIN stocks, with Mizuho repeating the rating for LIN by listing it as a “Buy.” The predicted price for LIN in the upcoming period, according to Mizuho is $510 based on the research report published on April 18, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see LIN reach a price target of $500, previously predicting the price at $475. The rating they have provided for LIN stocks is “Neutral” according to the report published on April 10th, 2024.
UBS gave a rating of “Neutral” to LIN, setting the target price at $510 in the report published on March 27th of the current year.
LIN Trading at -3.23% from the 50-Day Moving Average
After a stumble in the market that brought LIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.54% of loss for the given period.
Volatility was left at 1.20%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares sank -5.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.89% lower at present.
During the last 5 trading sessions, LIN rose by +0.15%, which changed the moving average for the period of 200-days by +12.32% in comparison to the 20-day moving average, which settled at $469.89. In addition, Linde Plc saw 10.93% 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 LIN starting from Panikar John, who sale 10,025 shares at the price of $462.75 back on Sep 10 ’24. After this action, Panikar John now owns 17,584 shares of Linde Plc, valued at $4,639,069 using the latest closing price.
JOHN M. PANIKAR, the Officer of Linde Plc, proposed sale 10,025 shares at $462.75 during a trade that took place back on Sep 10 ’24, which means that JOHN M. PANIKAR is holding shares at $4,639,088 based on the most recent closing price.
Stock Fundamentals for LIN
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.49 for the gross margin
The net margin for Linde Plc stands at 0.17. The total capital return value is set at 0.12. Equity return is now at value 16.35, with 7.96 for asset returns.
Based on Linde Plc (LIN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 30.62.
Currently, EBITDA for the company is 12.31 billion with net debt to EBITDA at 1.0. When we switch over and look at the enterprise to sales, we see a ratio of 6.21. The receivables turnover for the company is 7.69for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In conclusion, Linde Plc (LIN) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
