As of Friday close, Prologis Inc.’s (NYSE:PLD) stock was down -$4.06, moving down -3.38 percent to $116.03. The average number of shares traded per day over the past five days has been 4,598,300 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.95 fall in that time frame. In the last twenty days, the average volume was 3,224,025, while in the previous 50 days, it was 2,965,782.
Since last month, PLD stock retreated -9.02%. Shares of the company fell to $115.96 on 03/17/23, the lowest level in the past month. A 52-week high of $174.54 was reached on 02/02/23 after having rallying from a 52-week low of $98.03. Since the beginning of this year, PLD’s stock price has risen by 2.93% or $3.30, and marked a new high 13 times. However, the stock has declined by -33.52% since its 52-week high.
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PLD stock investors should be aware that Prologis Inc. (PLD) stock had its last reported insider trading activity 110 days ago on Nov 28. OCONNOR DAVID P, the Director of the company, purchased of 9,000 shares for $114.13 on Nov 28. It resulted in a $1,027,170 investment by the insider. Modjtabai Avid added 15,000 shares at an average price of $118.65 on May 20. The insider now owns 15,000 shares following the transaction. On Apr 25, Director LYONS IRVING F III sold 44,385 shares at $164.60 apiece. The transaction was valued at $7,305,727.
Valuation Metrics
Right now, Prologis Inc. (PLD) has a P/E ratio of about 26.64. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 18.60, the price-to-book (PB) ratio of 2.01, and the price-to-cash flow ratio of 77.90 may also be considered.
The latest dividend of $0.87 per share was paid out, which is 10.13% more than last year’s $0.79. On Thursday February 23 2023, a $0.08 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.45, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 74.70% percent. In the year ended December 30, operating margins totaled 37.80%. Based on annual data, PLD earned $3.47 billion in gross profit and brought in $5.97 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.80%. Return on equity (ROE) for the past 12 months was 8.60%.
In Prologis Inc.’s quarter-end financial report for December 30, it reported total debt of $23.88 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PLD’s revenue rose 27.08% to $1.75 billion during the quarter, while net income inched up to $1.75 billion. While analysts expected Prologis Inc. to report $0.56 quarterly earnings, the actual figure was $0.63 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $1.28 billion in EBITDA. The value of shareholders’ equity is $923.43 million.
Technical Picture
This quick technical analysis looks at Prologis Inc.’s (PLD) price momentum. With a historical volatility rate of 30.63%, the RSI 9-day stood at 31.86% on 17 March.
With respect to its five-day moving average, the current Prologis Inc. price is down by -0.81% percent or -$0.95. At present, PLD shares trade -7.76% below its 20-day simple moving average and +12.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.80% below its SMA50 and -8.98% below its SMA200.
Stochastic coefficient K was 21.35% and Stochastic coefficient D was 26.16%, while ATR was 3.59. Given the Stochastic reading of 0.59% for the 14-day period, the RSI (14) reading has been calculated as 36.42%. As of today, the MACD Oscillator reading stands at -1.46, while the 14-day reading stands at -3.06.
Analyst Ratings
Prologis Inc. downgraded its rating on Prologis Inc. (NYSE: PLD) to a Neutral in a note to investors on December 16, 2022. The analysts firm previously had an Overweight rating on the stock.Prologis Inc. (PLD) has been rated Buy by analysts. According to 0 brokerage firms, PLD is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Prologis Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $140.00, the current consensus forecast for the stock is $125.00 – $193.00. Based on these forecasts, analysts predict Prologis Inc. (PLD) will achieve an average price target of $142.00.