Investors are poised to add Plymouth Industrial REIT Inc. (PLYM) Stock to their long term portfolios

Plymouth Industrial REIT Inc. [PLYM] stock is trading at $20.08, up down -1.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The PLYM shares have gain 5.19% over the last week, with a monthly amount glided 11.43%, and seem to be holding up well over a long-time horizon.

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On 3, August 2022, Plymouth Industrial REIT Reports Second Quarter Results. In a post published today on Yahoo Finance, Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced its consolidated financial results for the second quarter ended June 30, 2022 and other recent developments.

From an analyst’s perspective:

Plymouth Industrial REIT Inc. [NYSE: PLYM] stock has seen the most recent analyst activity on May 18, 2022, when JMP Securities downgraded its rating to a Mkt Perform. On February 07, 2022, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $30 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $31 on January 27, 2022. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $17 as its price target on February 02, 2021. Berenberg started tracking with a Buy rating for this stock on October 28, 2020, and assigned it a price target of $15. In a note dated September 23, 2020, Robert W. Baird initiated an Outperform rating and iterated a target price of $16 on this stock.

Plymouth Industrial REIT Inc. [PLYM] stock has fluctuated between $17.04 and $32.37 over the past year. Currently, Wall Street analysts expect the stock to reach $25.14 within the next 12 months. Plymouth Industrial REIT Inc. [NYSE: PLYM] shares were valued at $20.08 at the most recent close of the market. An investor can expect a potential return of 25.2% based on the average price forecast.

Analyzing the PLYM fundamentals

Plymouth Industrial REIT Inc. [NYSE:PLYM] reported sales of 42.81 billion for the most recent quarter, which represents a growth of 34.20%. Gross Margin for this corporation currently stands at +15.89% with Operating Margin at +3.06%, Pretax Margin comes in at -10.86%, and Net Margin reading is -10.82%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.52 points at the first support level, and at 18.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.61, and for the 2nd resistance point, it is at 21.15.

Plymouth Industrial REIT Inc. [PLYM] reported earnings per share of -$0.21 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.14/share, meaning a difference of $-0.07 and a surprise factor of -50.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.22 per share as compared to estimates of -$0.12 per share, a difference of $-0.1 representing a surprise of -83.30%.

Ratios To Look Out For

For context, Plymouth Industrial REIT Inc.’s Current Ratio is 0.60. Considering the valuation of this stock, the price to sales ratio is 7.03, the price to book ratio is 3.25.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 13 insider purchases totaling 31,751 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved Witherell Jeffrey E, CEO, that happened on Sep 07 when 11923.0 shares were sold. President and CIO, WHITE PENDLETON P completed a deal on Sep 07 to sell 11923.0 shares.