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Thinking Of Investing In Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) Stock? Here’s What You Need To Know

Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) shares, rose in value on Friday, 08/05/22, with the stock price down by -1.62% to the previous day’s close as strong demand from buyers drove the stock to $8.50.

Actively observing the price movement in the last trading, the stock closed the session at $8.64, falling within a range of $8.40 and $8.79. The value of beta (5-year monthly) was 2.23. Referring to stock’s 52-week performance, its high was $19.13, and the low was $6.29. On the whole, LIND has fluctuated by 1.92% over the past month.

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With the market capitalization of Lindblad Expeditions Holdings Inc. currently standing at about $390.23 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 27, 2022 – May 02, 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 -$0.56, which is expected to increase to -$0.19 for fiscal year -$1.97 and then to about -$0.01 by fiscal year 2023. Data indicates that the EPS growth is expected to be 18.30% in 2023, while the next year’s EPS growth is forecast to be 99.50%.

Analysts have estimated the company’s revenue for the quarter at $81.27 million, with a low estimate of $68.5 million and a high estimate of $93.6 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $349.49 million, representing an increase of 137.60% 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 LIND’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LIND currently trading nearly 12.81% and -12.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.39, while the 7-day volatility ratio is showing 9.80% which for the 30-day chart, stands at 8.66%. Furthermore, Lindblad Expeditions Holdings Inc. (LIND)’s beta value is 2.13, and its average true range (ATR) is 0.70. The company’s stock has been forecasted to trade at an average price of $15.25 over the course of the next 52 weeks, with a low of $14.00 and a high of $16.00. Based on these price targets, the low is -64.71% off current price, whereas the price has to move -88.24% to reach the yearly target high. Additionally, analysts’ median price of $15.50 is likely to be welcomed by investors because it represents a decrease of -82.35% from the current levels.

Data on historical trading for Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) indicates that the trading volumes over the past 10 days have averaged 0.56 million and over the past 3 months, they’ve averaged 439.56K. According to company’s latest data on outstanding shares, there are 50.76 million shares outstanding.

Nearly 27.30% of Lindblad Expeditions Holdings Inc.’s shares belong to company insiders and institutional investors own 76.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.42 million shares as on Jul 14, 2022, resulting in a short ratio of 12.96. According to the data, the short interest in Lindblad Expeditions Holdings Inc. (LIND) stood at 14.57% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 6.1 million. The stock has fallen by -45.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LIND stock heading into the next quarter.

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