Linde Plc (NASDAQ: LIN) Recovers 15.94% From 52-Week Low, Is LIN Still A High-Risk, High-Reward Play?

Linde Plc (NASDAQ:LIN) currently has a daily average trading volume of 2.32M but it saw 2092236 shares traded in last market. With a market cap of 223.02B USD, the company’s current market price of $473.77 came rising about 0.41 while comparing to the previous closing price of $471.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $487.49 and as low as $408.65.

Mizuho upgraded its recommendation for the stock as a “Buy” from “Neutral” on April 18, 2024 while assigning a price target of $510. Citigroup issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $475 and $500.

Over the week, LIN’s stock price is moving 2.43% up while it is 4.70% when we observe its performance for the past one month. Year-to-date it is 13.16% up and over the past year, the stock is showing an upside performance of 8.78%.

Currently, Linde Plc’s total number of outstanding shares is 471.29M with 0.24% of that held by the insiders while 87.46% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 11.88% and return on equity (ROE) at 17.20%. It has a price to earnings ratio (P/E ratio) of 34.38 while having a 26.44 of forward P/E ratio. Stock’s beta reads 0.98. Stock has a price to book (P/B) ratio of 5.87 while price to sale or P/S ratio amounts to 6.75. Its return on asset (ROA) is 8.11% on average.

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