LeddarTech Holdings Inc (NASDAQ:LDTC) traded at $1.41 at close of the session on Tuesday, December 17 and made a downward move of -14.02% on its previous day’s price.
Looking at the stock we see that its previous close was $1.64 and the beta (5Y monthly) reads -0.326 with the day’s price range being $1.36 – $1.645. In terms of its 52-week price range, LDTC has a high of $9.99 and a low of $0.22. The company’s stock has gained about 342.01% over that past 30 days.
LeddarTech Holdings Inc has a market cap of $51.44 million and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 956k, with a low of 500k and a high of 1.41M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 6.07M, or -18.51% down from figures reported last year.
On the other hand, looking at the outlook for the LDTC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the LeddarTech Holdings Inc (LDTC) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 89.08% off its SMA20 and 204.38% from its 50-day simple moving average. The RSI (14) is pointing at 63.60 while the volatility over the past week is 39.91% and jumps to 26.48% over the past one month. The beta value is -0.39, while the average true range (ATR) is currently pointing at 0.30. The average price target for the stock over the next 12 months is $1, with the estimates having a low of $1 and a high of $1. These price ends are 29.08% and 29.08% off the current price level respectively, although investors could be excited at the prospect of a 29.08% if the LDTC share price touches on the median price of $1.
Coming back to LeddarTech Holdings Inc (NASDAQ:LDTC), we note that the average 3-month trading volume was 6.85 million, while that of the preceding 10-day period stands at 42.63 million. Current shares outstanding are 28.77 million.
The insiders hold 72.19% of the company’s shares while institutions hold 20.57%. The data shows that short shares as of 2024-11-29, stood at 33747.0 at a short ratio of 0.15. This represents a 28.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 24350.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -45.03% down in year-to-date price movement.
