Industrial Logistics Properties Trust (NASDAQ:ILPT) saw an upside of 2.34% to close Friday at $3.93 after adding $0.09 on the day. The 5-day average trading volume is 847,040 shares of the company’s common stock. It has gained $4.18 in the past week and touched a new high 2 times within the past 5 days. An average of 906,890 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,738,766.
ILPT’s 1-month performance is 0.00% or -$0.12 on its low of $3.61 reached on 07/27/23. The company’s shares have touched a 52-week low of $1.64 and high of $9.31, with the stock’s rally to the 52-week high happening on 02/17/23. YTD, ILPT has achieved 20.18% or $0.66 and has reached a new high 10 times. However, the current price is down -57.79% from the 52-week high price.
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Insider Transactions
ILPT stock investors last saw insider trading activity on Aug 09.JONES LISA HARRIS (Director) most recently sold 19,659 shares at $2.00 per share on May 04. This transaction cost the insider $39,332. Director, Morea Joseph, sold 17,500 shares at a price of $2.07 on May 03.
Valuation Metrics
ILPT stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.59 while the price-to-book (PB) in the most recent quarter is 0.35.
As well, the company’s long term debt to equity for the quarter ending June 29 was 5.78, while the total debt to equity was 5.78. In terms of profitability, the gross margin trailing 12 months is 86.10%. The firm’s gross profit as reported stood at $11.48 million against revenue of $388.15 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -455.71% to -$25.83 million, while revenue of -$24.81 million was 3.95% off the previous quarter. Analysts expected ILPT to announce -$0.45 per share in earnings in its latest quarter, but it posted -$0.4, representing a 11.10% surprise. EBITDA for the quarter stood at more than $82.53 million. Shareholders hold equity totaling $65.7 million.
Let’s look briefly at Industrial Logistics Properties Trust (ILPT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 52.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 78.17%.
The stock’s 5-day moving average is $3.95, reflecting a -2.00% or -$0.08 change from its current price. ILPT is currently trading -2.24% above its 20-day SMA, +34.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +97.49% and SMA200 by-16.03%.
Stochastic %K and %D was 31.78% and 40.10% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 54.00%, while the 14-day stochastic is at 42.74% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.03 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Industrial Logistics Properties Trust (NASDAQ: ILPT), JMP Securities downgraded it to a Mkt perform rating. They previously had a Mkt outperform rating on the stock. Analysts offering their rating for ILPT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate ILPT as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is ILPT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $10.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Industrial Logistics Properties Trust (ILPT) stock is $6.00.
