Global Net Lease Inc (NYSE:GNL) finished Friday with an addition of $0.05 to close at $9.61, an upside of 0.52 percent. An average of 1,646,500 shares of common stock have been traded in the last five days. There was a fall of -$0.27 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 3,896,900 shares traded, while the 50-day average volume stands at 2,166,476.
GNL stock has decreased by -16.00% in the last month. The company shares reached their 1-month lowest point of $9.30 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $8.84 and a high of $15.28 in 52 weeks. It has reached a new high 14 times so far this year and lost -23.55% or -$2.96 in price. In spite of this, the price is down -37.11% from the 52-week high.
Valuation Metrics
Global Net Lease Inc (GNL) stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.66, the price-to-book (PB) ratio at 0.75, and the price-to-cash flow ratio at 7.94.
Financial Health
Further, the company has a long term debt to equity ratio of 1.93 and a total debt to equity ratio of 1.93 for the quarter ending March 30. Its gross profit as reported stood at $100.54 million compared to revenue of $378.86 million.
Earnings Surprise
For the three-month period that ended March 30, Global Net Lease Inc had $995.18 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$31.36 million in the quarter, while revenues of -$5.99 million were grew 81.35%. The analyst consensus anticipated Global Net Lease Inc’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be -$0.06, a -200.00% surprise. For the quarter, EBITDA amounted to $45.84 million. At the end of the quarter ending March 30, Global Net Lease Inc’s stock balance sheet showed total debt was $2.55 billion. Shareholders own equity worth $104.43 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Global Net Lease Inc (GNL) price momentum. RSI 9-day as of the close on 29 September was 30.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.62%.
As of today, GNL’s price is $9.55 -2.73% or -$0.27 from its 5-day moving average. GNL is currently trading -15.33% lower than its 20-day SMA and -14.65% lower than its 100-day SMA. However, the stock’s current price level is -14.35% below the SMA50 and -29.55% below the SMA200.
The stochastic %K and %D were 9.57% and 5.66%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 14.75% and the average true range at 0.36, the RSI (14) stands at 34.03%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -0.84.
Analyst Ratings
Exane BNP Paribas launched coverage on Global Net Lease Inc (NYSE: GNL) in its analyst report released on March 16, 2023. The firm assigned the stock an Underperform rating.
What is GNL’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $15.00, with a median target of $13.50. Taking a look at these predictions, the average price target given by analysts for Global Net Lease Inc (GNL) stock is $13.25.
