The trading price of Landbridge Company LLC (NYSE:LB) closed higher on Tuesday, January 21, and closing at $82.70, 10.64% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $74.405 and $82.74. In examining the 52-week price action we see that the stock hit a 52-week high of $80.82 and a 52-week low of $18.75. Over the past month, the stock has gained 43.58% in value.
Landbridge Company LLC, whose market valuation is $6.53 billion at the time of this writing, is expected to release its quarterly earnings report in February. The dividend yield on the company stock is 0.12%, while its Forward Dividend ratio is 0.10. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.33 per share this quarter, however they have predicted annual earnings per share of 0.97 for current year and 1.78 for next year.
Analysts have forecast the company to bring in revenue of 38.04M for the current quarter, with the likely lows of 34.2M and highs of 45M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 112.79M.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LB a recommendation rating is 11. Out of them, 3 rate it a Hold, while 8 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Landbridge Company LLC (LB) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that LB’s price is currently 20.98% off the SMA20 and 21.96% off the SMA50. The RSI metric on the 14-day chart is currently showing 72.26, and weekly volatility stands at 5.56%. When measured over the past 30 days, the indicator reaches 6.55%. Landbridge Company LLC (NYSE:LB)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 4.61. With analysts defining $34-$39 as the low and high price targets, we arrive at a consensus price target of $35 for the trailing 12-month period. The current price is about 58.89% off the estimated low and 52.84% off the forecast high, based on this estimate. Investors will be thrilled if LB’s share price rises to $35, which is the median consensus price. At that level, LB’s share price would be 57.68% above current price.
To see how Landbridge Company LLC stock has been performing in comparison to its peers in the industry, here are the numbers: LB stock’s performance was 10.64% in the latest trading.
An evaluation of the daily trading volume of Landbridge Company LLC (NYSE:LB) indicates that the 3-month average is 484.98K. However, this figure has increased over the past 10 days to an average of 0.49.
Currently, records show that 17.43 million of the company’s shares remain outstanding. The insiders hold 3.76% of outstanding shares, whereas institutions hold 91.00%. The stats also highlight that short interest as of 2024-12-31, stood at 3.01 million shares, resulting in a short ratio of 6.26 at that time. From this, we can conclude that short interest is 1295.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 2.22 million. However, since the stock’s price has seen 28.02% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
