Lineage Cell Therapeutics Inc (AMEX:LCTX) price is hovering lower on current market day and dropping -5.09% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.58, with intraday deals fluctuating between $0.5451 and $0.59. The company’s 5Y monthly beta was ticking 1.282. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.61 and 52-week low of $0.48. The stock subtracted -9.37% on its value in the past month.
Lineage Cell Therapeutics Inc, which has a market valuation of $121.34 million, is expected to release its quarterly earnings report in February.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.62M, with the likely lows of 840k and highs of 3.78M. The average estimate suggests sales growth for the quarter will likely fall by -23.46% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 8.25M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -7.73% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give LCTX a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that LCTX’s price is at present 4.15% off the SMA20 and -15.42% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 47.59, with weekly volatility standing at 11.62%. The indicator jumps to 9.11% when calculated based on the past 30 days. Lineage Cell Therapeutics Inc (AMEX:LCTX)’s beta value is holding at 1.17, while the average true range (ATR) indicator is currently reading 0.05.
An analysis of the Lineage Cell Therapeutics Inc (AMEX:LCTX) stock in terms of its daily trading volume indicates that the 3-month average is 2.25 million. However, this figure increases on the past 10-day timeline to an average of 3.36 million.
Current records show that the company has 220.42M in outstanding shares. The insiders’ percentage holdings are 0.57% of outstanding shares while the percentage share held by institutions stands at 43.59%. The stats also highlight that short interest as of 2024-10-31, stood at 15.94 million shares, which puts the short ratio at the time at 35.21. From this we can glean that short interest is 1089.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 15.22 million. But the 9.55% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
