Look Past The Setbacks And Give Americold Realty Trust Inc (NYSE: COLD) Another Chance

Americold Realty Trust Inc (NYSE:COLD) currently has a daily average trading volume of 2.67M but it saw 1851332 shares traded in last market. With a market cap of 6.94B USD, the company’s current market price of $24.42 came rising about 1.41 while comparing to the previous closing price of $24.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.82 and as low as $21.87.

Taking a look at 20-day trading activity of Americold Realty Trust Inc (COLD) gives us an average price of $22.87, while its current price level is -27.79% below from 52-week high level whereas it is 11.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.96 while that of 200 days or SMA-200 reads an average of $27.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.75% during that period while stretching the period over a month that decreases to 2.06%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.40 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which initiated the stock as “Equal Weight” in its note to investors issued on April 25, 2024, recommending a price target of $24 for it. Raymond James issued its recommendations for the stock as it upgraded the price target for the stock is $31.

Over the week, COLD’s stock price is moving 6.82% up while it is 4.90% when we observe its performance for the past one month. Year-to-date it is -19.33% down and over the past year, the stock is showing a downside performance of -18.02%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.39 beaten by the consensus estimate of 0.01 for the same. In next quarter, company is expected to be making quarterly sales of $698.29M as analysts are expecting the sales for current fiscal year at $2.76B and seeing the company making $2.92B in sales next year. Moreover, analysts are in estimates of $664.08M for current-quarter revenue.

Currently, Americold Realty Trust Inc’s total number of outstanding shares is 283.70M. Company’s return on investment (ROI) stands at -4.50% and return on equity (ROE) at -8.79%. It has a 51.66 of forward P/E ratio. Stock’s beta reads 0.57. Stock has a price to book (P/B) ratio of 1.94 while price to sale or P/S ratio amounts to 2.61. Its return on asset (ROA) is -4.04% on average.