Liquidity Services Inc (NASDAQ:LQDT) shares, rose in value on Friday, March 07, with the stock price up by 0.75% to the previous day’s close as strong demand from buyers drove the stock to $30.86.
Actively observing the price movement in the last trading, the stock closed the session at $30.63. The PE ratio was 40.96 over 12-month period. Referring to stock’s 52-week performance, its high was $39.72, and the low was $16.79. On the whole, LQDT has fluctuated by -3.11% over the past month.
With the market capitalization of Liquidity Services Inc currently standing at about $957.87 million, 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 488.9M, with a low estimate of 125.2M and a high estimate of 125.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 125.2M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LQDT’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 50% 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 price of LQDT currently trading nearly -8.57% and -9.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.05, while the 7-day volatility ratio is showing 4.68% which for the 30-day chart, stands at 5.08%. Furthermore, Liquidity Services Inc (LQDT)’s beta value is 1.41, and its average true range (ATR) is 1.46.
A comparison of Liquidity Services Inc (LQDT) with its peers suggests the former has fared considerably weaker in the market. LQDT showed an intraday change of 0.75% in last session, and over the past year, it grew by 74.94%%.
Data on historical trading for Liquidity Services Inc (NASDAQ:LQDT) indicates that the trading volumes over the past 3 months, they’ve averaged 383.37K. According to company’s latest data on outstanding shares, there are 30.78 million shares outstanding.
Nearly 25.09% of Liquidity Services Inc’s shares belong to company insiders and institutional investors own 72.43% of the company’s shares. The stock has fallen by -4.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LQDT stock heading into the next quarter.
