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Lineage (LINE-Q)
NASDAQ:LINE
62.62
0.95
(1.49%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Lineage has rapidly grown to become a dominant player in the cold storage industry, with 480 locations across three continents. They have capitalized on the trend of online food sales and the demand for healthy food. However, their recent financial performance has shown a puzzling slowdown in growth and heavy debt from previous acquisitions. The company's IPO was the largest this year, but the capital raised is mostly being used to pay down debt, leaving questions about future growth potential.
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Lineage(LINE-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Lineage(LINE-Q) Frequently Asked Questions
What is Lineage stock symbol?
Lineage is a American stock, trading under the symbol LINE-Q on the NASDAQ (LINE). It is usually referred to as NASDAQ:LINE or LINE-Q
Is Lineage a buy or a sell?
In the last year, 1 stock analyst published opinions about LINE-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lineage.
Is Lineage a good investment or a top pick?
Lineage was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Lineage.
Why is Lineage stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Lineage worth watching?
In the last year 1 stock analyst on Stockchase covered Lineage. The stock is worth watching.
What is Lineage stock price?
On 2024-12-10, Lineage (LINE-Q) stock closed at a price of $62.62.
It has 480 locations across North America, Europe and Asia. They acquire small businesses in a very fragmented industry (cold storage) and quickly became the dominant player. They command scale and are riding the wave of online food sales. Also, the younger consumer wants healthy food, which cold storage protects. They've invested heavily in cloud and tech to operate more efficiently. Revenues jumped from $3.7 billion in 2021 to $5.34 billion in 2023, but their growth ground to a halt to start this year. Puzzling. Revenue was -0.4% YOY. Also, all these acquisitions have left them with a heavy debt. Pays an okay 2% dividend yield. It's the largest IPO so far this year, but is using most of the capital to pay down debt. Overall, he's modestly positive but wants to know where future growth is.