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Lantheus Holdings Inc. (NASDAQ: LNTH): A Stock Worth Watching

Lantheus Holdings Inc. (NASDAQ:LNTH) shares, rose in value on Thursday, August 04, with the stock price down by -2.04% to the previous day’s close as strong demand from buyers drove the stock to $74.34.

Actively observing the price movement in the recent trading, the stock is buoying the session at $75.89, falling within a range of $73.89 and $76.93. The value of beta (5-year monthly) is 0.75. Referring to stock’s 52-week performance, its high was $78.17, and the low was $22.20. On the whole, LNTH has fluctuated by 17.24% over the past month.

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With the market capitalization of Lantheus Holdings Inc. currently standing at about $5.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 23, 2022 – Feb 28, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.7, which is expected to increase to $0.72 for fiscal year $3.08 and then to about $3.62 by fiscal year 2023. Data indicates that the EPS growth is expected to be 528.60% in 2023, while the next year’s EPS growth is forecast to be 17.50%.

Analysts have estimated the company’s revenue for the quarter at $204.51 million, with a low estimate of $200.5 million and a high estimate of $207.01 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $829.39 million, representing an increase of 95.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LNTH’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LNTH currently trading nearly 4.87% and 9.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.78, while the 7-day volatility ratio is showing 4.83% which for the 30-day chart, stands at 6.21%. Furthermore, Lantheus Holdings Inc. (LNTH)’s beta value is 0.78, and its average true range (ATR) is 4.09.

A comparison of Lantheus Holdings Inc. (LNTH) with its peers suggests the former has fared considerably weaker in the market. LNTH showed an intraday change of -2.04% in today’s session so far, and over the past year, it grew by 185.19%%. On the other hand, the price of Cytosorbents Corporation (CTSO) has risen 0.19% today. The stock, however, is off -72.31% from where it was a year ago. Additionally, there is a loss of -1.07% for Quotient Limited (QTNT) in recent trading while the stock has seen an overall depriciation of -92.63%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.11%. Meanwhile, the Dow Jones Industrial Slipped by -0.18%.

Data on historical trading for Lantheus Holdings Inc. (NASDAQ:LNTH) indicates that the trading volumes over the past 10 days have averaged 1.18 million and over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 68.01 million shares outstanding.

The data on short interest also indicates that stock shorts accounted for 2.55 million shares as on Jul 14, 2022, resulting in a short ratio of 1.99. According to the data, the short interest in Lantheus Holdings Inc. (LNTH) stood at 3.72% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 2.33 million. The stock has risen by 162.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LNTH stock heading into the next quarter.

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