A share price of Southland Holdings Inc [SLND] is currently trading at $5.15, down -6.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SLND shares have gain 8.42% over the last week, with a monthly amount glided 10.99%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, Southland Awarded $56 million Wastewater Treatment Plant Facility Project. In a post published today on Yahoo Finance, Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”) announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $56 million contract to construct a new wastewater treatment plant facility in the Southwest.
From an analyst’s perspective:
Southland Holdings Inc [AMEX: SLND] stock has seen the most recent analyst activity on August 16, 2023, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $7 from $12. Previously, Craig Hallum started tracking the stock with Buy rating on April 04, 2023, and set its price target to $14.
Southland Holdings Inc experienced fluctuations in its stock price throughout the past year between $4.00 and $9.64. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Southland Holdings Inc [AMEX: SLND] shares were valued at $5.15 at the most recent close of the market. An investor can expect a potential return of 35.92% based on the average SLND price forecast.
Analyzing the SLND fundamentals
Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.08 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.28.
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 4.92 points at the first support level, and at 4.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.58, and for the 2nd resistance point, it is at 6.00.
Southland Holdings Inc [SLND] reported earnings per share of -$0.12 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of -$0.14 and a surprise factor of -700.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of $0.1 per share, a difference of -$0.02 representing a surprise of -20.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Southland Holdings Inc [AMEX:SLND] is 1.61. Further, the Quick Ratio stands at 1.66, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.21, the price to book ratio is 0.99.
Transactions by insiders
Recent insider trading involved Renda Frankie S., PRESIDENT AND CEO, that happened on Dec 29 ’23 when 4460.0 shares were purchased. PRESIDENT AND CEO, Renda Frankie S. completed a deal on Dec 28 ’23 to buy 3668.0 shares. Meanwhile, CO-COO AND EVP Renda Rudolph V. bought 832.0 shares on Dec 28 ’23.
