Is Americold Realty Trust Inc. (COLD) A Good Investment?

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Americold Realty Trust Inc. (NYSE:COLD) finished Friday with a subtraction of -$0.23 to close at $28.31, a downside of -0.81 percent. An average of 802,040 shares of common stock have been traded in the last five days. There was a gain of $0.09 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,073,670 shares traded, while the 50-day average volume stands at 1,492,248.

COLD stock has decreased by -5.16% in the last month. The company shares reached their 1-month lowest point of $27.61 on 12/22/22. With the stock rallying to its 52-week high on 07/29/22, shares of the company touched a low of $21.49 and a high of $33.08 in 52 weeks. It has reached a new high 2 times so far this year and lost -13.66% or -$4.48 in price. In spite of this, the price is down -14.42% from the 52-week high.

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Insider Transactions

COLD stock investors should be aware that Americold Realty Trust Inc. (COLD) stock had its last reported insider trading activity 51 days ago on Nov 10. In this transaction, the insider spent $101,514., NOVOSEL THOMAS C, disposed of 2,603 shares at a price of $28.94 on Jun 03. The insider now owns more than $75,331 worth of shares. Prior to that, NOVOSEL THOMAS C went on to Sale 5,326 shares at $25.58 each on May 17. An amount of $136,239 was transacted.

Valuation Metrics

Americold Realty Trust Inc. (COLD) stock’s beta is 0.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.60, the price-to-book (PB) ratio at 1.96.

Financial Health

Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.83 for the quarter ending September 29. Its gross profit as reported stood at $72.86 million compared to revenue of $2.71 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Americold Realty Trust Inc.’s return on assets was -0.40%.

Earnings Surprise

For the three-month period that ended September 29, Americold Realty Trust Inc. had $2.49 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$8.91 million in the quarter, while revenues of $3.94 million were grew 159.37%. The analyst consensus anticipated Americold Realty Trust Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.03. For the quarter, EBITDA amounted to $108.6 million. At the end of the quarter ending September 29, Americold Realty Trust Inc.’s stock balance sheet showed total debt was $3.49 billion. Shareholders own equity worth $269.4 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Americold Realty Trust Inc. (COLD) price momentum. RSI 9-day as of the close on 30 December was 45.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.16%.

As of today, COLD’s price is $28.39 +0.32% or $0.09 from its 5-day moving average. COLD is currently trading -5.41% lower than its 20-day SMA and -10.58% lower than its 100-day SMA. However, the stock’s current price level is +27.29% above the SMA50 and +6.99% above the SMA200.

The stochastic %K and %D were 33.02% and 35.07%, respectively, and the average true range (ATR) was 0.69. With the 14-day stochastic at 32.86% and the average true range at 0.72, the RSI (14) stands at 48.54%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

Exane BNP Paribas launched coverage on Americold Realty Trust Inc. (NYSE: COLD) in its analyst report released on December 14, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Americold Realty Trust Inc. (COLD) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell COLD, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.

What is COLD’s price target for the next 12 months?

Analysts predict a range of price targets between $28.00 and $38.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Americold Realty Trust Inc. (COLD) stock is $32.17.

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