Gladstone Land Corporation [NASDAQ:LAND] is flashing a current price of $14.28. On Wednesday, the company’s daily low is at $15.00 as the high is reaching $15.47.
The price per sales of 6.26. The company is also booking -0.12 earnings per share.
LAND’s next earning date is 11/10/2020. The company has price per sales of 6.26. The company is also booking -0.12 earnings per share.
The Bears are coming
Holding a Market Cap of $327.84 million, Gladstone Land Corporation has seen a trading range over the last year of $9.61-$16.76.
For the last five days, LAND is up from its last closing price. The average shares trading hands each day is 135.71K, with average 10-day volume coming in at 99550.0.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for LAND. When we apply the Elder Force Index to Gladstone Land Corporation, we are seeing an Elder Force Indicator number of -631207.2.
Recent Performance
The company’s enterprise value has gone from $788.84M to $721.20M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, LAND made a profit of 6.18 million. Gladstone Land Corporation also saw quarter revenue growth year over year of 11.23%. In addition, the company has operating cash flow of $27.05 million.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 15.09 compared to the 50-day moving average of 15.32. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. LAND currently holds a 9-day RSI of 31.98%, while 100-day RSI stands at 49.65%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. LAND’s 9-day MACD is -0.22 and the company’s 100-day MACD stands at -0.56.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 11.97% by insiders and 36.12% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 6.38%, while the second top holder, Blackrock Inc., currently owns 5.71%.
Over the last six months, insiders have sold 385 with the most recent transaction from ENGLISH MICHELA A, Director, with a sell at price 10.84 per share.
Conclusion
Overall, the recommended rating for LAND is Strong Buy. Currently, the company has 4 analysts watching the stock, and the average quarterly earnings estimate is -0.04. Quarterly revenue estimates are averaging 13.57M with the high estimate reaching 13.98M and the low at 12.82M.
To review, the current 1-year target estimate is sitting at 17.14, while the current price 14.28. Based on this, we expect the stock to rise considering the aforementioned fundamentals.
