Liquidity Services Inc (NASDAQ:LQDT) price on Friday, February 28, rose 1.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $33.48.
A look at the stock’s price movement, the close in the last trading session was $33.06. The PE ratio in trailing twelve months stood at 44.44. Turning to its 52-week performance, $39.72 and $16.79 were the 52-week high and 52-week low respectively. Overall, LQDT moved -9.59% over the past month.
Liquidity Services Inc’s market cap currently stands at around $1.04 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 125.2M for the company’s revenue for the quarter, with a low and high estimate of 125.2M and 125.2M respectively. The average forecast suggests up to a 36.90% 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 488.9M, representing a 34.57% 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 LQDT 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 100% Buy category.
LQDT’s current price about -1.98% and -1.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.95, while 7-day volatility ratio is 3.32% and 5.01% in the 30-day chart. Further, Liquidity Services Inc (LQDT) has a beta value of 1.26, and an average true range (ATR) of 1.48. Analysts have given the company’s stock an average 52-week price target of $37, forecast between a low of $37 and high of $37. Looking at the price targets, the low is -10.51% off current price level while to achieve the yearly target high, price needs to move -10.51%. Nonetheless, investors will most likely welcome a -10.51% jump to $37 which is the analysts’ median price.
If we refocus on Liquidity Services Inc (NASDAQ:LQDT), historical trading data shows that trading volumes averaged 361.65K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.78 million shares.
The 25.02% of Liquidity Services Inc’s shares are in the hands of company insiders while institutional holders own 72.46% of the company’s shares. Current price change has pushed the stock 3.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LQDT stock continues to rise going into the next quarter.
