Gladstone Land Corp [LAND] stock is trading at $11.70, up 3.17%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LAND shares have gain 2.45% over the last week, with a monthly amount glided 7.73%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Gladstone Land Corp [NASDAQ: LAND] stock has seen the most recent analyst activity on November 08, 2024, when Alliance Global Partners downgraded its rating to a Neutral and also revised its price target to $14.50 from $16. Previously, Maxim Group downgraded its rating to Hold on August 12, 2024. On June 11, 2024, Alliance Global Partners initiated with a Buy rating and assigned a price target of $16 on the stock. Oppenheimer upgraded its rating to a Outperform and reduced its price target to $22 on February 22, 2023. Oppenheimer started tracking with a Perform rating for this stock on October 29, 2021, and assigned it a price target of $24. In a note dated July 21, 2021, Ladenburg Thalmann downgraded an Neutral rating on this stock.
Gladstone Land Corp [LAND] stock has fluctuated between $10.27 and $15.36 over the past year. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Gladstone Land Corp [NASDAQ: LAND] shares were valued at $11.70 at the most recent close of the market. An investor can expect a potential return of 28.21% based on the average LAND price forecast.
Analyzing the LAND fundamentals
Gladstone Land Corp [NASDAQ:LAND] reported sales of 85.22M for the trailing twelve months, which represents a drop of -13.72%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
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 11.42 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.89, and for the 2nd resistance point, it is at 12.09.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.97, the price to book ratio is 0.62.
