Lam Research Corp. (NASDAQ:LRCX) shares, rose in value, with the stock price down by -2.38% to the previous day’s close as strong demand from buyers drove the stock to $76.45.
Actively observing the price movement in the last trading, the stock closed the session at $78.31, falling within a range of $75.85 and $77.2. The value of beta (5-year monthly) was 1.481 whereas the PE ratio was 24.74 over 12-month period. Referring to stock’s 52-week performance, its high was $113.00, and the low was $57.44. On the whole, LRCX has fluctuated by -4.12% over the past month.
With the market capitalization of Lam Research Corp. currently standing at about $98.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 8.30, with its dividend yield at 10.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 17.36B, with a low estimate of 4.18B and a high estimate of 4.48B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.31B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LRCX’s technical picture suggests that short-term indicators denote the stock is a 100% 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 1.44, with the price of LRCX currently trading nearly -1.82% and -2.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.29, while the 7-day volatility ratio is showing 3.46% which for the 30-day chart, stands at 3.62%. Furthermore, Lam Research Corp. (LRCX)’s beta value is 1.47, and its average true range (ATR) is 3.03.
A comparison of Lam Research Corp. (LRCX) with its peers suggests the former has fared considerably weaker in the market. LRCX showed an intraday change of -2.38% in last session, and over the past year, it grew by 31.02%%.
Data on historical trading for Lam Research Corp. (NASDAQ:LRCX) indicates that the trading volumes over the past 10 days have averaged 15.72 and over the past 3 months, they’ve averaged 13.63 million. According to company’s latest data on outstanding shares, there are 1.30 billion shares outstanding.
Nearly 0.41% of Lam Research Corp.’s shares belong to company insiders and institutional investors own 86.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.34 million shares as on 2024-10-15, resulting in a short ratio of 2.4. According to the data, the short interest in Lam Research Corp. (LRCX) stood at 227.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 22.04 million. The stock has fallen by -2.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LRCX stock heading into the next quarter.
