Gladstone Land Corporation (NASDAQ:LAND) is in the list of top stocks to trade today as the company shares are trading 3.69% or 0.44 points up from last closing price of $11.91, reaching $12.35 at last check. The LAND share price has risen in 2 of the last 5 days and is down -3.17% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -97,547 shares, and in total 115853 shares valued at $1.431 million were seen changing hands compared with 213400 shares valued at $2.542 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in LAND stock for the next couple of days.
Gladstone Land Corporation (LAND) shares have notched a 3-month decline of about -3.17%, but has still advanced 3.75% year to date. By comparison, the stock sank -6.44% over the past 12 months, while it slipped -6.07% over the 1 month. The company’s market cap is around $222.36M, with its short interest ratio standing at 8.9%.
In the current trading session for LAND, the stock witnessed two major price actions, it rose to a high of $12.36 and was down as much as $12.02 at one point. The high recorded is very low when compared to their 52-week high which is $11.12. The 52-week high is now at -11.41 distance from current price. Their recent low of $13.85 represents a 10.34% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for LAND is $13, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Gladstone Land Corporation earned $0.13 per share in the trailing 12 months and has a P/E ratio of 95. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 65.91 and higher compared to the sector’s average of 21.03. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. LAND also has P/S multiple of 6.53. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 12x.
The company recorded an interesting insider purchase transaction by the CEO on Mar 15, 2019. A Securities and Exchanges Commission filings show that David Gladstone bought a total of 100,000 LAND shares that day for a sum of around $1,200,000. The filings show that the insider stake has now grown to 2,015,300 shares, currently worth $24,888,955. Gladstone Land Corporation (LAND) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 100,000 shares that were traded over a year. In the past 12 months, insiders have purchased 100,000 shares while the seller parted with shares.
LAND‘s last price was down -0.98% as compared to the average trading price of 50 days recorded at $12.47 while enlarging the period to 200 trading days, the average closing price was $12.56. At present, there are 18.67 million in the total number of common shares owned by the public and among those 16.12 million shares have been available to trade. The percentage of shares being held by the company management was 11.3% while institutions stake was 30.6%. The company has generated positive returns on equity over the last 12 months (1.3%). It managed to keep its gross profit margin at 84.4% over the past 12 months.
When assessing the full upside of the LAND stock, there is another set of technicals that should be looked into and considered. Its -1.1% decline from moving average of $12.49 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.88 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Gladstone Land Corporation — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $15 on shares of Gladstone Land Corporation (NASDAQ:LAND), which corresponds to 22.35% upside potential than its current market price of $12.35 and implies potential despite the recent advance in the price. However, their current target price has fallen from $15 a month ago and is down handily from the consensus target of $15 a quarter ago.
In the last five years, the EPS of the company has been roughly 22.3%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 10%. The revenue of the company has risen at an average annualized rate of about 55.5 over the last five years. The company recently recorded a drop of -15.2%, but this figure is rather unattractive.