Liquidia Corp (NASDAQ:LQDA) shares, rose in value on Friday, January 24, with the stock price down by -0.28% to the previous day’s close as strong demand from buyers drove the stock to $14.36.
Actively observing the price movement in the last trading, the stock closed the session at $14.40, falling within a range of $14.16 and $14.8. The value of beta (5-year monthly) was 0.205. Referring to stock’s 52-week performance, its high was $16.99, and the low was $8.26. On the whole, LQDA has fluctuated by 29.37% over the past month.
With the market capitalization of Liquidia Corp currently standing at about $1.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.7M, with a low estimate of 2.9M and a high estimate of 6.84M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.44M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LQDA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of LQDA currently trading nearly 15.44% and 25.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.58, while the 7-day volatility ratio is showing 4.93% which for the 30-day chart, stands at 4.26%. Furthermore, Liquidia Corp (LQDA)’s beta value is 0.28, and its average true range (ATR) is 0.56.
A comparison of Liquidia Corp (LQDA) with its peers suggests the former has fared considerably weaker in the market. LQDA showed an intraday change of -0.28% in last session, and over the past year, it grew by 17.22%%.
Data on historical trading for Liquidia Corp (NASDAQ:LQDA) indicates that the trading volumes over the past 10 days have averaged 1.03 and over the past 3 months, they’ve averaged 824.05K. According to company’s latest data on outstanding shares, there are 84.55 million shares outstanding.
Nearly 30.25% of Liquidia Corp’s shares belong to company insiders and institutional investors own 54.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.33 million shares as on 2024-10-31, resulting in a short ratio of 12.26. According to the data, the short interest in Liquidia Corp (LQDA) stood at 1888.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 11.84 million. The stock has risen by 22.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LQDA stock heading into the next quarter.
