Americold Realty Trust Inc (NYSE: COLD) – Not A Clear Buying Opportunity?

Americold Realty Trust Inc (COLD) concluded trading on Thursday at a closing price of $24.45, with 2.8 million shares of worth about $68.55 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.95% during that period and on April 11, 2024 the price saw a gain of about 0.37%. Currently the company’s common shares owned by public are about 283.70M shares, out of which, 283.12M shares are available for trading.

Stock saw a price change of 2.82% in past 5 days and over the past one month there was a price change of -5.67%. Year-to-date (YTD), COLD shares are showing a performance of -19.23% which decreased to -12.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.47 but also hit the highest price of $33.82 during that period. The average intraday trading volume for Americold Realty Trust Inc shares is 2.51 million. The stock is currently trading -0.61% below its 20-day simple moving average (SMA20), while that difference is down -5.92% for SMA50 and it goes to -15.85% lower than SMA200.

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Americold Realty Trust Inc (NYSE: COLD) currently have 283.70M outstanding shares and institutions hold larger chunk of about 102.99% of that.

The stock has a current market capitalization of $6.94B and its 3Y-monthly beta is at 0.52. It has posted earnings per share of -$1.19 in the same period. It has a debt-to-equity ratio of 0.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COLD, volatility over the week remained 2.43% while standing at 2.14% over the month.

Stock’s fiscal year EPS is expected to rise by 123.20% while it is estimated to increase by 60.81% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on March 27, 2024 offering a Sector perform rating for the stock and assigned a target price of $27 to it. Coverage by Raymond James stated Americold Realty Trust Inc (COLD) stock as an Outperform in their note to investors on February 29, 2024, suggesting a price target of $31 for the stock. On January 16, 2024, Truist Upgrade their recommendations, while on May 08, 2023, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $36. Stock get an Equal weight rating from Barclays on March 23, 2023.

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