We recently published 10 Stocks Delivering Explosive 18-190% Gains. Americold Realty Trust Inc. (NYSE:COLD) is one of the last week’s heavy gainers.
Americold grew its share prices by 18.4 percent week-on-week, as investors appeared to have loaded portfolios ahead of the Christmas season, when demand for its temperature-controlled services typically spikes amid higher inventories.
At intra-week trading, Americold Realty Trust Inc. (NYSE:COLD) jumped by as high as $12.83 before trimming gains to end Friday’s session at $12.73 apiece.
The rally can also be attributed to broader market optimism following the Federal Reserve’s decision to slash the benchmark rate by 25 basis points, which is expected to indirectly impact Americold Realty Trust Inc. (NYSE:COLD) through an increase in consumer spending.
In other news, the company reaffirmed its outlook for full-year 2025. For the warehouse segment alone, revenues from rent and storage, as well as services, are targeted to grow by 1 to 2 percent.
Same-store revenues are projected to either drop by as much as 4 percent or end flat year-on-year, while net operating income (NOI) is targeted to end 50 to 100 basis points lower than associated revenues.
Non-same-store NOI, on the other hand, is pegged at a range of $7 million to $13 million, while transportation and management NOI is expected at $40 million to $44 million.
Copyright: neznamco / 123RF Stock Photo
In the third quarter of the year, Americold Realty Trust Inc. (NYSE:COLD) widened its attributable net loss by 207 percent to $11.37 million from $3.7 million in the same period last year.
Total revenues dipped by 1.5 percent to $663.7 million from $674.17 million year-on-year, primarily due to lower volumes in the warehouse segment and a decrease in transportation revenue.
While we acknowledge the potential of COLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: finance.yahoo.com
