Lattice Semiconductor Corp (NASDAQ:LSCC) shares, rose in value on Thursday, March 06, with the stock price down by -2.62% to the previous day’s close as strong demand from buyers drove the stock to $60.98.
Actively observing the price movement in the last trading, the stock closed the session at $62.62. The PE ratio was 138.03 over 12-month period. Referring to stock’s 52-week performance, its high was $85.69, and the low was $40.65. On the whole, LSCC has fluctuated by 11.38% over the past month.
With the market capitalization of Lattice Semiconductor Corp currently standing at about $8.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 524.09M, with a low estimate of 119.96M and a high estimate of 120.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 120.09M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LSCC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.67, with the price of LSCC currently trading nearly -1.99% and 3.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.18, while the 7-day volatility ratio is showing 5.97% which for the 30-day chart, stands at 5.34%. Furthermore, Lattice Semiconductor Corp (LSCC)’s beta value is 1.59, and its average true range (ATR) is 3.23.
A comparison of Lattice Semiconductor Corp (LSCC) with its peers suggests the former has fared considerably weaker in the market. LSCC showed an intraday change of -2.62% in last session, and over the past year, it shrunk by -23.09%%.
Data on historical trading for Lattice Semiconductor Corp (NASDAQ:LSCC) indicates that the trading volumes over the past 3 months, they’ve averaged 2.33 million. According to company’s latest data on outstanding shares, there are 137.70 million shares outstanding.
Nearly 1.44% of Lattice Semiconductor Corp’s shares belong to company insiders and institutional investors own 113.35% of the company’s shares. The stock has risen by 7.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LSCC stock heading into the next quarter.
