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Analysts Predict A Surge In Liquidity Services Inc. (NASDAQ: LQDT)?

Liquidity Services Inc. (NASDAQ:LQDT) shares, rose in value on Friday, 08/05/22, with the stock price down by -1.54% to the previous day’s close as strong demand from buyers drove the stock to $17.89.

Actively observing the price movement in the last trading, the stock closed the session at $18.17, falling within a range of $17.55 and $18.70. The value of beta (5-year monthly) was 1.18 whereas the PE ratio was 11.00 over 12-month period. Referring to stock’s 52-week performance, its high was $28.73, and the low was $11.39. On the whole, LQDT has fluctuated by 20.47% over the past month.

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With the market capitalization of Liquidity Services Inc. currently standing at about $610.59 million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 02, 2022 – Feb 07, 2022.

Analysts have estimated the company’s revenue for the quarter at $70.33 million, with a low estimate of $53.39 million and a high estimate of $53.39 million. According to the average forecast, sales growth in current quarter could jump up 25.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $257.53 million, representing an increase of 25.10% 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 LQDT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LQDT currently trading nearly -3.59% and 13.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.10, while the 7-day volatility ratio is showing 11.09% which for the 30-day chart, stands at 7.01%. Furthermore, Liquidity Services Inc. (LQDT)’s beta value is 1.34, and its average true range (ATR) is 1.32.

A comparison of Liquidity Services Inc. (LQDT) with its peers suggests the former has fared considerably weaker in the market. LQDT showed an intraday change of -1.54% in last session, and over the past year, it shrunk by -11.04%%. In comparison, Overstock.com Inc. (OSTK) has moved higher at 1.94% on the day and was down -58.06% over the past 12 months. On the other hand, the price of Global Industrial Company (GIC) has risen 2.51% on the day. The stock, however, is off -15.95% from where it was a year ago. Additionally, there is a loss of -1.23% for eBay Inc. (EBAY) in last trading while the stock has seen an overall depriciation of -29.73%% over the past year. The PE ratio stands at 11.00 for Liquidity Services Inc., compared to 17.15 for Overstock.com Inc., and 14.37 for Global Industrial Company. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.16%. Meanwhile, the Dow Jones Industrial Improved by 0.23%.

Data on historical trading for Liquidity Services Inc. (NASDAQ:LQDT) indicates that the trading volumes over the past 10 days have averaged 0.26 million and over the past 3 months, they’ve averaged 234.87K. According to company’s latest data on outstanding shares, there are 32.56 million shares outstanding.

Nearly 1.50% of Liquidity Services Inc.’s shares belong to company insiders and institutional investors own 69.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.86 million shares as on Jul 14, 2022, resulting in a short ratio of 7.28. According to the data, the short interest in Liquidity Services Inc. (LQDT) stood at 5.76% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 1.81 million. The stock has fallen by -18.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LQDT stock heading into the next quarter.

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