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Americold Realty Trust Inc (COLD) – Don’t Be So Quick to Call it Dead

MQ Stock

Americold Realty Trust Inc (NYSE: COLD) is -28.21% lower on its value in year-to-date trading and has touched a low of $21.87 and a high of $30.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COLD stock was last observed hovering at around $22.35 in the last trading session, with the day’s loss setting it -0.62%.

Currently trading at $21.73, the stock is -13.02% and -18.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -2.77% at the moment leaves the stock -17.62% off its SMA200. COLD registered -16.46% loss for a year compared to 6-month gain of -12.24%. The firm has a 50-day simple moving average (SMA 50) of $26.9636 and a 200-day simple moving average (SMA200) of $26.40725.

The stock witnessed a -19.61% loss in the last 1 month and extending the period to 3 months gives it a -23.41%, and is -6.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.19% over the week and 2.65% over the month.

Americold Realty Trust Inc (COLD) has around 14706 employees, a market worth around $6.18B and $2.68B in sales. Fwd P/E is 41.27. Profit margin for the company is -10.63%. Distance from 52-week low is -0.64% and -29.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.00%).

The EPS is expected to grow by 98.51% this year

544.0 institutions hold shares in Americold Realty Trust Inc (COLD), with institutional investors hold 112.79% of the company’s shares. The shares outstanding are 283.70M, and float is at 283.62M with Short Float at 2.44%. Institutions hold 112.56% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 38.64 million shares valued at $986.94 million. The investor’s holdings represent 13.5759 of the COLD Shares outstanding. As of 2024-06-30, the second largest holder is COHEN & STEERS, INC. with 26.11 million shares valued at $666.87 million to account for 9.1742 of the shares outstanding. The other top investors are NORGES BANK which holds 22.37 million shares representing 7.8582 and valued at over $571.28 million, while BLACKROCK INC. holds 6.7328 of the shares totaling 19.16 million with a market value of $489.46 million.

Americold Realty Trust Inc (COLD) Insider Activity

The most recent transaction is an insider sale by NOVOSEL THOMAS C, the company’s. SEC filings show that NOVOSEL THOMAS C sold 6,000 shares of the company’s common stock on Dec 06 ’23 at a price of $28.36 per share for a total of $0.17 million. Following the sale, the insider now owns 4616.0 shares.

Americold Realty Trust Inc disclosed in a document filed with the SEC on Nov 28 ’23 that CHAMBERS ROBERT SCOTT (EVP, Chief Commercial Officer) sold a total of 9,100 shares of the company’s common stock. The trade occurred on Nov 28 ’23 and was made at $28.22 per share for $0.26 million. Following the transaction, the insider now directly holds 0.0 shares of the COLD stock.

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