Linkage Global Inc (NASDAQ:LGCB) price on Friday, January 17, fall -22.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.29.
A look at the stock’s price movement, the close in the last trading session was $0.37, moving within a range at $0.2799 and $0.3699. Turning to its 52-week performance, $5.70 and $0.17 were the 52-week high and 52-week low respectively. Overall, LGCB moved 39.61% over the past month.
Linkage Global Inc’s market cap currently stands at around $6.18 million, with investors looking forward to this quarter’s earnings report slated for in February.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LGCB is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
LGCB’s current price about -27.12% and -2.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.23, while 7-day volatility ratio is 34.79% and 21.89% in the 30-day chart. Further, Linkage Global Inc (LGCB) has a beta value of -4.39, and an average true range (ATR) of 0.07.
If we refocus on Linkage Global Inc (NASDAQ:LGCB), historical trading data shows that trading volumes averaged 0.44 over the past 10 days and 3.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 21.50 million shares.
The 66.51% of Linkage Global Inc’s shares are in the hands of company insiders while institutional holders own 0.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.52 million on 2024-12-31, giving us a short ratio of 0.56. The data shows that as of 2024-12-31 short interest in Linkage Global Inc (LGCB) stood at 317.0 of shares outstanding, with shares short rising to 0.12 million registered in 2024-11-29. Current price change has pushed the stock -34.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LGCB stock continues to rise going into the next quarter.
