A new trading day began on May 23, 2023, with Global Net Lease Inc. (NYSE: GNL) stock priced at $10.40, up 1.73% from the previous day of trading. During the day, the shares moved up to $10.81 and dropped to $10.38 before settling in for the closing price of $10.38. GNL’s price has ranged from $9.80 to $15.30 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 7.90%. Meanwhile, its annual earnings per share averaged 56.00%. With a float of $103.46 million, this company’s outstanding shares have now reached $103.78 million.
Let’s determine the extent of company efficiency that accounts for 1 employees. In terms of profitability, gross margin is +40.41, operating margin of +32.73, and the pretax margin is +6.07.
Global Net Lease Inc. (GNL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Diversified Industry. The insider ownership of Global Net Lease Inc. is 0.10%, while institutional ownership is 72.80%.
Global Net Lease Inc. (GNL) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2023, the company reported earnings of -$0.06 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +2.92 while generating a return on equity of 0.72. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 56.00% per share during the next fiscal year.
Global Net Lease Inc. (NYSE: GNL) Trading Performance Indicators
Here are Global Net Lease Inc.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 2.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.20, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.12 in one year’s time.
Technical Analysis of Global Net Lease Inc. (GNL)
Looking closely at Global Net Lease Inc. (NYSE: GNL), its last 5-days average volume was 0.83 million, which is a jump from its year-to-date volume of 0.73 million. As of the previous 9 days, the stock’s Stochastic %D was 49.43%. Additionally, its Average True Range was 0.34.
During the past 100 days, Global Net Lease Inc.’s (GNL) raw stochastic average was set at 13.87%, which indicates a significant decrease from 46.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.86% in the past 14 days, which was higher than the 29.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.60, while its 200-day Moving Average is $12.82. However, in the short run, Global Net Lease Inc.’s stock first resistance to watch stands at $10.79. Second resistance stands at $11.01. The third major resistance level sits at $11.22. If the price goes on to break the first support level at $10.36, it is likely to go to the next support level at $10.15. Should the price break the second support level, the third support level stands at $9.93.
Global Net Lease Inc. (NYSE: GNL) Key Stats
With a market capitalization of 1.09 billion, the company has a total of 103,847K Shares Outstanding. Currently, annual sales are 378,860 K while annual income is 12,020 K. The company’s previous quarter sales were 94,330 K while its latest quarter income was -890 K.
