As of Wednesday close, Prologis Inc.’s (NYSE:PLD) stock was down -$0.66, moving down -0.54 percent to $120.91. The average number of shares traded per day over the past five days has been 2,836,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.33 fall in that time frame. In the last twenty days, the average volume was 2,375,775, while in the previous 50 days, it was 2,395,042.
Since last month, PLD stock rose 0.64%. Shares of the company fell to $119.22 on 08/21/23, the lowest level in the past month. A 52-week high of $136.67 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 7.26% or $8.18, and marked a new high 13 times. However, the stock has declined by -11.53% 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 51 days ago on Aug 01. FOTIADES GEORGE L, the Director of the company, disposed of 10,711 shares for $123.98 on Aug 01. It resulted in a $1,327,908 divestment by the insider. OCONNOR DAVID P added 9,000 shares at an average price of $114.13 on Nov 28. The insider now owns 9,000 shares following the transaction.
Valuation Metrics
Right now, Prologis Inc. (PLD) has a P/E ratio of about 31.82. The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 14.60, the price-to-book (PB) ratio of 2.13.
The latest dividend of $0.87 per share was paid out, remained unchanged from last year’s $0.87. 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 recent quarter was 0.53, and the total debt-to-equity ratio was 0.53. On the profitability front, the trailing twelve-month gross margin is 75.70% percent. In the recent year, operating margins totaled 41.70%. 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 6.80%.
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 48.91% to $1.77 billion during the quarter, while net income inched up to $2.45 billion. During the quarter, the company generated $1.88 billion in EBITDA. The value of shareholders’ equity is $923.86 million.
Technical Picture
This quick technical analysis looks at Prologis Inc.’s (PLD) price momentum. With a historical volatility rate of 15.79%, the RSI 9-day stood at 40.65% on 20 September.
With respect to its five-day moving average, the current Prologis Inc. price is down by -0.27% percent or -$0.33. At present, PLD shares trade -0.09% below its 20-day simple moving average and -1.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.87% below its SMA50 and +3.25% above its SMA200.
Stochastic coefficient K was 33.55% and Stochastic coefficient D was 46.28%, while ATR was 2.17. Given the Stochastic reading of 20.65% for the 14-day period, the RSI (14) reading has been calculated as 43.74%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.84.
Analyst Ratings
Exane BNP Paribas upgraded its rating on Prologis Inc. (NYSE: PLD) to an Outperform in a note to investors on July 20, 2023. The analysts firm previously had a Neutral 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 19 recommending it as overweight.
With a median target price of $142.00, the current consensus forecast for the stock is $128.00 – $162.00. Based on these forecasts, analysts predict Prologis Inc. (PLD) will achieve an average price target of $143.25.
