Lam Research Corp (NASDAQ:LRCX) shares, rose in value on Thursday, March 06, with the stock price down by -3.26% to the previous day’s close as strong demand from buyers drove the stock to $76.47.
Actively observing the price movement in the last trading, the stock closed the session at $79.05. The PE ratio was 23.24 over 12-month period. Referring to stock’s 52-week performance, its high was $113.00, and the low was $68.87. On the whole, LRCX has fluctuated by -4.30% over the past month.
With the market capitalization of Lam Research Corp currently standing at about $98.16 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.86, with its dividend yield at 1.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 17.79B, with a low estimate of 4.5B and a high estimate of 4.7B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.64B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LRCX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.49, with the price of LRCX currently trading nearly -6.44% and -2.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.61, while the 7-day volatility ratio is showing 5.07% which for the 30-day chart, stands at 3.97%. Furthermore, Lam Research Corp (LRCX)’s beta value is 1.53, and its average true range (ATR) is 3.53.
A comparison of Lam Research Corp (LRCX) with its peers suggests the former has fared considerably weaker in the market. LRCX showed an intraday change of -3.26% in last session, and over the past year, it shrunk by -21.77%%.
Data on historical trading for Lam Research Corp (NASDAQ:LRCX) indicates that the trading volumes over the past 3 months, they’ve averaged 12.67 million. According to company’s latest data on outstanding shares, there are 1.28 billion shares outstanding.
Nearly 0.44% of Lam Research Corp’s shares belong to company insiders and institutional investors own 82.28% of the company’s shares. The stock has risen by 5.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LRCX stock heading into the next quarter.
