Americold Realty Trust Inc (NYSE: COLD)’s stock price has gone decline by -3.20 in comparison to its previous close of 23.41, however, the company has experienced a -1.90% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-12-07 that The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth.
Is It Worth Investing in Americold Realty Trust Inc (NYSE: COLD) Right Now?
Moreover, the 36-month beta value for COLD is 0.60. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for COLD is 283.24M and currently, short sellers hold a 2.68% of that float. On December 11, 2024, COLD’s average trading volume was 1.91M shares.
COLD’s Market Performance
COLD stock saw a decrease of -1.90% in the past week, with a monthly decline of -0.44% and a quarterly a decrease of -22.10%. The volatility ratio for the week is 2.69%, and the volatility levels for the last 30 days are 2.62% for Americold Realty Trust Inc (COLD). The simple moving average for the last 20 days is -1.14% for COLD’s stock, with a simple moving average of -12.84% for the last 200 days.
Analysts’ Opinion of COLD
Many brokerage firms have already submitted their reports for COLD stocks, with Wolfe Research repeating the rating for COLD by listing it as a “Outperform.” The predicted price for COLD in the upcoming period, according to Wolfe Research is $31 based on the research report published on July 01, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see COLD reach a price target of $30. The rating they have provided for COLD stocks is “Overweight” according to the report published on June 26th, 2024.
Scotiabank gave a rating of “Sector Outperform” to COLD, setting the target price at $30 in the report published on May 23rd of the current year.
COLD Trading at -8.87% from the 50-Day Moving Average
After a stumble in the market that brought COLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.71% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -0.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.84% lower at present.
During the last 5 trading sessions, COLD fell by -1.90%, which changed the moving average for the period of 200-days by -10.26% in comparison to the 20-day moving average, which settled at $22.92. In addition, Americold Realty Trust Inc saw -25.14% 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 COLD starting from Harris Robert E., who sale 1,836 shares at the price of $22.64 back on Dec 05 ’24. After this action, Harris Robert E. now owns 1,837 shares of Americold Realty Trust Inc, valued at $41,567 using the latest closing price.
Harris Robert E., the Officer of Americold Realty Trust Inc, proposed sale 1,836 shares at $22.64 during a trade that took place back on Dec 05 ’24, which means that Harris Robert E. is holding shares at $41,567 based on the most recent closing price.
Stock Fundamentals for COLD
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.23 for the gross margin
The net margin for Americold Realty Trust Inc stands at -0.11. The total capital return value is set at 0.03. Equity return is now at value -7.81, with -3.58 for asset returns.
Based on Americold Realty Trust Inc (COLD), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 1.39.
Currently, EBITDA for the company is 165.76 million with net debt to EBITDA at 17.44. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 0.34.
Conclusion
To wrap up, the performance of Americold Realty Trust Inc (COLD) 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.
