Gladstone Commercial Corp (NASDAQ: GOOD) is 0.43% higher on its value in year-to-date trading and has touched a low of $11.89 and a high of $17.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GOOD stock was last observed hovering at around $16.39 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $16.31, the stock is 1.47% and -2.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -0.49% at the moment leaves the stock 7.07% off its SMA200. GOOD registered 23.09% gain for a year compared to 6-month gain of 11.71%. The firm has a 50-day simple moving average (SMA 50) of $16.683 and a 200-day simple moving average (SMA200) of $15.23285.
The stock witnessed a -2.10% loss in the last 1 month and extending the period to 3 months gives it a -1.15%, and is 3.89% up 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 1.59% over the week and 1.89% over the month.
Gladstone Commercial Corp (GOOD) has around 69 employees, a market worth around $721.53M and $147.92M in sales. Current P/E ratio is 82.67 and Fwd P/E is 60.97. Profit margin for the company is 5.73%. Distance from 52-week low is 37.17% and -8.76% from its 52-week high. The company has generated returns on investments over the last 12 months (0.82%).
with sales reaching $38.2M over the same period.The EPS is expected to grow by 230.26% this year, but quarterly earnings will post 1.78% year-over-year. Quarterly sales are estimated to grow 6.40% in year-over-year returns.
Gladstone Commercial Corp (GOOD) Top Institutional Holders
229.0 institutions hold shares in Gladstone Commercial Corp (GOOD), with institutional investors hold 46.68% of the company’s shares. The shares outstanding are 43.73M, and float is at 43.33M with Short Float at 2.12%. Institutions hold 46.05% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.95 million shares valued at $56.33 million. The investor’s holdings represent 9.8682% of the GOOD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.39 million shares valued at $48.41 million to account for 8.4799 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 1.41 million shares representing 3.525% and valued at over $20.12 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.6602 of the shares totaling 1.06 million with a market value of $15.19 million.
Gladstone Commercial Corp (GOOD) Insider Activity
The most recent transaction is an insider purchase by Gerson Gary, the company’s Chief Financial Officer. SEC filings show that Gerson Gary bought 175 shares of the company’s common stock on Nov 08 ’24 at a price of $17.19 per share for a total of $3008.0. Following the purchase, the insider now owns 14725.0 shares.
Gladstone Commercial Corp disclosed in a document filed with the SEC on Aug 09 ’24 that Gerson Gary (Chief Financial Officer) bought a total of 650 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $14.61 per share for $9496.0. Following the transaction, the insider now directly holds 14550.0 shares of the GOOD stock.
