Lindblad Expeditions Holdings Inc (NASDAQ:LIND) price on Thursday, February 27, fall -1.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.00.
A look at the stock’s price movement, the close in the last trading session was $11.14. Turning to its 52-week performance, $14.34 and $6.35 were the 52-week high and 52-week low respectively. Overall, LIND moved -15.38% over the past month.
Lindblad Expeditions Holdings Inc’s market cap currently stands at around $599.54 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 163.92M for the company’s revenue for the quarter, with a low and high estimate of 161.2M and 166.65M respectively. The average forecast suggests up to a 6.71% 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 685.4M, representing a 6.31% jump 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 LIND is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 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, 2 recommend LIND as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LIND’s current price about -10.22% and -8.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.33, while 7-day volatility ratio is 11.72% and 6.52% in the 30-day chart. Further, Lindblad Expeditions Holdings Inc (LIND) has a beta value of 3.13, and an average true range (ATR) of 0.83. Analysts have given the company’s stock an average 52-week price target of $14.5, forecast between a low of $10 and high of $20. Looking at the price targets, the low is 9.09% off current price level while to achieve the yearly target high, price needs to move -81.82%. Nonetheless, investors will most likely welcome a -31.82% jump to $14.5 which is the analysts’ median price.
If we refocus on Lindblad Expeditions Holdings Inc (NASDAQ:LIND), historical trading data shows that trading volumes averaged 279.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.36 million shares.
The 32.63% of Lindblad Expeditions Holdings Inc’s shares are in the hands of company insiders while institutional holders own 65.13% of the company’s shares. Current price change has pushed the stock -7.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LIND stock continues to rise going into the next quarter.
