Presidio Property Trust Inc (NASDAQ: SQFT)’s stock price has dropped by -12.65 in relation to previous closing price of 0.68. Nevertheless, the company has seen a loss of -12.96% in its stock price over the last five trading days. globenewswire.com reported 2024-12-06 that SAN DIEGO, Dec. 06, 2024 (GLOBE NEWSWIRE) — Presidio Property Trust, Inc. (“Presidio” or the “Company”) (NASDAQ: SQFT; SQFTP; SQFTW), an internally managed, diversified real estate investment trust (“REIT”), today announced that the Company has been granted an additional 180-day period from Nasdaq’s Listing Qualification Department, through June 2, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Company’s common stock continues to trade on the Nasdaq Capital Market under the symbol “SQFT.
Is It Worth Investing in Presidio Property Trust Inc (NASDAQ: SQFT) Right Now?
SQFT has 36-month beta value of 1.49. Analysts have mixed views on the stock, 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 SQFT is 11.15M, and currently, short sellers hold a 0.56% ratio of that float. The average trading volume of SQFT on December 10, 2024 was 73.22K shares.
SQFT’s Market Performance
SQFT’s stock has seen a -12.96% decrease for the week, with a -16.61% drop in the past month and a -13.80% fall in the past quarter. The volatility ratio for the week is 13.13%, and the volatility levels for the past 30 days are at 11.38% for Presidio Property Trust Inc. The simple moving average for the past 20 days is -6.44% for SQFT’s stock, with a -25.79% simple moving average for the past 200 days.
SQFT Trading at -11.33% from the 50-Day Moving Average
After a stumble in the market that brought SQFT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.34% of loss for the given period.
Volatility was left at 11.38%, however, over the last 30 days, the volatility rate increased by 13.13%, as shares sank -18.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.29% lower at present.
During the last 5 trading sessions, SQFT fell by -12.96%, which changed the moving average for the period of 200-days by -45.41% in comparison to the 20-day moving average, which settled at $0.6302. In addition, Presidio Property Trust Inc saw -42.76% 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 SQFT starting from Heilbron Jack Kendrick, who purchase 18,990 shares at the price of $0.56 back on Dec 09 ’24. After this action, Heilbron Jack Kendrick now owns 947,637 shares of Presidio Property Trust Inc, valued at $10,661 using the latest closing price.
Heilbron Jack Kendrick, the Chief Executive Officer of Presidio Property Trust Inc, purchase 1,000 shares at $13.99 during a trade that took place back on Nov 29 ’24, which means that Heilbron Jack Kendrick is holding 3,600 shares at $13,990 based on the most recent closing price.
Stock Fundamentals for SQFT
Current profitability levels for the company are sitting at:
- -0.58 for the present operating margin
- 0.41 for the gross margin
The net margin for Presidio Property Trust Inc stands at -1.73. The total capital return value is set at -0.08. Equity return is now at value -71.93, with -19.89 for asset returns.
Based on Presidio Property Trust Inc (SQFT), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 3.46. The interest coverage ratio of the stock is -2.38.
Currently, EBITDA for the company is 4.88 million with net debt to EBITDA at -5.67. When we switch over and look at the enterprise to sales, we see a ratio of 5.58.
Conclusion
To put it simply, Presidio Property Trust Inc (SQFT) has had a bad performance in recent times. Analysts have a mixed 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.
