LeddarTech Holdings Inc (NASDAQ:LDTC) price on Thursday, December 26, rose 48.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.19.
A look at the stock’s price movement, the close in the last trading session was $0.80, moving within a range at $0.8357 and $1.39. The beta value (5-Year monthly) was -0.326. Turning to its 52-week performance, $5.20 and $0.22 were the 52-week high and 52-week low respectively. Overall, LDTC moved 260.28% over the past month.
LeddarTech Holdings Inc’s market cap currently stands at around $44.31 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 901.5k for the company’s revenue for the quarter, with a low and high estimate of 800k and 1M respectively. The average forecast suggests down to a -47.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.67M, representing a -16.89% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LDTC is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend LDTC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LDTC’s current price about 28.14% and 119.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.55, while 7-day volatility ratio is 30.35% and 31.18% in the 30-day chart. Further, LeddarTech Holdings Inc (LDTC) has a beta value of -0.38, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $1, forecast between a low of $1 and high of $1. Looking at the price targets, the low is 15.97% off current price level while to achieve the yearly target high, price needs to move 15.97%. Nonetheless, investors will most likely welcome a 15.97% jump to $1 which is the analysts’ median price.
If we refocus on LeddarTech Holdings Inc (NASDAQ:LDTC), historical trading data shows that trading volumes averaged 12.24 over the past 10 days and 7.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.77 million shares.
The 72.19% of LeddarTech Holdings Inc’s shares are in the hands of company insiders while institutional holders own 20.06% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 33747.0 on 2024-11-29, giving us a short ratio of 0.15. The data shows that as of 2024-11-29 short interest in LeddarTech Holdings Inc (LDTC) stood at 27.999999999999996 of shares outstanding, with shares short rising to 24350.0 registered in 2024-10-31. Current price change has pushed the stock -53.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LDTC stock continues to rise going into the next quarter.
