Lam Research Corp (NASDAQ:LRCX) shares, rose in value on Friday, November 22, with the stock price down by -1.45% to the previous day’s close as strong demand from buyers drove the stock to $72.07.
Actively observing the price movement in the recent trading, the stock is buoying the session at $73.13, falling within a range of $71.9 and $73.27. The value of beta (5-year monthly) is 1.486 whereas the PE ratio is 23.32 over 12-month period. Referring to stock’s 52-week performance, its high was $113.00, and the low was $68.72. On the whole, LRCX has fluctuated by -5.88% over the past month.
With the market capitalization of Lam Research Corp currently standing at about $92.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.83, with its dividend yield at 1.15%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 17.35B, with a low estimate of 4.3B and a high estimate of 4.48B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.33B.
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 1.36, with the price of LRCX currently trading nearly -3.31% and -6.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.51, while the 7-day volatility ratio is showing 2.52% which for the 30-day chart, stands at 2.83%. Furthermore, Lam Research Corp (LRCX)’s beta value is 1.48, and its average true range (ATR) is 2.42.
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 -1.45% in today’s session so far, and over the past year, it grew by 0.45%%.
Data on historical trading for Lam Research Corp (NASDAQ:LRCX) indicates that the trading volumes over the past 10 days have averaged 10.6 and over the past 3 months, they’ve averaged 12.62 million. According to company’s latest data on outstanding shares, there are 1.30 billion shares outstanding.
Nearly 0.42% of Lam Research Corp’s shares belong to company insiders and institutional investors own 78.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 32.55 million shares as on 2024-10-31, resulting in a short ratio of 2.47. According to the data, the short interest in Lam Research Corp (LRCX) stood at 254.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 32.23 million. The stock has fallen by -7.99% 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.
