Liquidia Technologies, Inc. (NASDAQ:LQDA) has seen 977,724 shares traded in the last trading session. The company, currently valued at $309.25 Million, closed the last trade at $10.9 per share which meant it lost -$0.5 on the day or -4.72% during that session. The LQDA stock price is -11.01% off its 52-week high price of $12.1 and 75.69% above the 52-week low of $2.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 364.15 Million shares traded. The 3-month trading volume is 231.98 Million shares.
The consensus among analysts is that Liquidia Technologies, Inc. (LQDA) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 3 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.5.
Liquidia Technologies, Inc. (NASDAQ:LQDA) trade information
Despite being -4.72% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jun 25 when the LQDA stock price touched $12.10- or saw a rise of 9.92%. Year-to-date, Liquidia Technologies, Inc. shares have moved 154.97%, while the 5-day performance has seen it change 8.89%. Over the past 30 days, the shares of Liquidia Technologies, Inc. (NASDAQ:LQDA) have changed 22.89%. Short interest in the company has seen 1.42 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $35.33, which means that the shares’ value could jump 224.13% from current levels. The projected low price target is $25 while the price target rests at a high of $41. In that case, then, we find that the current price level is +276.15% off the targeted high while a plunge would see the stock lose 129.36% from current levels.
Liquidia Technologies, Inc. (LQDA) estimates and forecasts
Figures show that Liquidia Technologies, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +115.84% over the past 6 months, with this year growth rate of -7.34%, compared to 9.2% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -56.2% and 30.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be -92.3%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +24.6% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Liquidia Technologies, Inc. (NASDAQ:LQDA)’s Major holders
Insiders own 26.25% of the company shares, while shares held by institutions stand at 47.03% with a share float percentage of 63.77%. Investors are also buoyed by the number of investors in a company, with Liquidia Technologies, Inc. having a total of 78 institutions that hold shares in the company. The top two institutional holders are Canaan Partners VIII, LLC with over 2.92 Million shares worth more than $12.47 Million. As of December 30, 2019, Canaan Partners VIII, LLC held 10.28% of shares outstanding.
The other major institutional holder is NEA Management Company, LLC, with the holding of over 2.49 Million shares as of March 30, 2020. The firm’s total holdings are worth over $11.71 Million and represent 8.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Meridian Small Cap Growth Fund and iShares Russell 2000 ETF. As of March 30, 2020, the former fund manager holds about 3.3% shares in the company for having 936724 shares of worth $4.41 Million while later fund manager owns 300.36 Thousand shares of worth $1.41 Million as of March 30, 2020, which makes it owner of about 1.06% of company’s outstanding stock.