Linde plc’s Stock Price Plummets to $419.62, Witnessing a 5.20% Decline: A Comprehensive Analysis

Linde plc (LIN)

419.62 USD -23.00 (-5.20%) Volume: 5.26M

Linde plc’s stock price stands at 419.62 USD, experiencing a drop of -5.20% this trading session with a trading volume of 5.26M, yet maintaining a year-to-date increase of +2.17%.

Latest developments on Linde plc

Linde PLC (LIN) recently reported a robust Q1 2024, with earnings per share (EPS) exceeding expectations and aligning with revenue forecasts. Despite facing a correction, the company posted a profit of $2.3bn for the first quarter, although its Q1 revenue was down 1% at $8.1 billion. Linde also announced plans to build a $150m air separation unit (ASU) and hydrogen recovery unit at the world’s first large-scale green steel plant. However, the company’s stock fell following its outlook and missed targets in the Americas.

A look at Linde plc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for Linde, the company seems to have a positive long-term outlook. With a high Growth score of 5, it indicates that Linde is expected to experience significant growth in the future. This is further supported by a Momentum score of 4, suggesting that the company is gaining traction and momentum in the market.

While the Value and Dividend scores are moderate at 2, indicating that the company may not be undervalued or a high dividend payer, Linde scores a 3 in Resilience. This suggests that the company has a good level of resilience to withstand economic downturns or challenges. Overall, with strong Growth and Momentum scores, Linde appears to be well-positioned for future success in the industrial gas and engineering industry.

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