In today’s recent session, 1,083,391 shares of the Liquidia Corporation(NASDAQ:LQDA) have been traded, and its beta is 0. Most recently the company’s share price was $3.15, and it changed around -$0.29 or -0.08% from the last close, which brings the market valuation of the company to $136.19 Million. LQDA at last check was trading at a discount to its 52-week high of $12.1, offering almost -284.13% off that amount. The share price’s 52-week low was $2.53, which indicates that the recent value has risen by an impressive 19.68% since then. We note from Liquidia Corporation’s average daily trading volume that its 10-day average is 1.58 Million shares, with the 3-month average coming to 1.36 Million.
Liquidia Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended LQDA as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Liquidia Corporation is expected to report earnings per share of -$0.37 for the current quarter.
Liquidia Corporation (NASDAQ:LQDA): Trading Information Today
Although LQDA has been showing red trend so far today with a performance of -8.28% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $3.85- on Friday, Feb 19 increased the stock’s daily price by 19.48%. The company’s shares are currently up 0.05% year-to-date, but still down -0.1389 over the last five days. On the other hand, Liquidia Corporation (NASDAQ:LQDA) is 0.06% up in the 30-day period. We can see from the shorts that 1.15 Million shares have been sold at a short interest cover period of 0.85 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bears needing to increase their stock price by 58.73% from its current value. Analyst projections state that LQDA is forecast to be at a low of $4 and a high of $6. In order for the stock price to hit the forecast high, the stock would need to surge +90.48% from its current level, while the stock would need to crash 26.98% from its current level to reach the projected low.
Liquidia Corporation (LQDA) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Liquidia Corporation earnings are expected to increase by 24.6% in 2021, but the outlook is negative 0% per year for the next five years.
Liquidia Corporation (NASDAQ:LQDA)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 18.44% of Liquidia Corporation shares, and 43.67% of them are in the hands of institutional investors. The stock currently has a share float of 53.55%. Liquidia Corporation stock is held by 89 institutions, with NEA Management Company, LLC being the largest institutional investor. By Dec 30, 2020, it held 5.74% of the shares, which is about 2.49 Million shares worth $7.33 Million.
Blackrock Inc., with 4.93% or 2.14 Million shares worth $6.31 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Meridian Small Cap Growth Fund and Invesco Health Care Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 1159013 shares worth $5.7 Million, making up 2.67% of all outstanding shares. On the other hand, Invesco Health Care Fund held roughly 740.87 Thousand shares worth around $3.42 Million, which represents about 1.71% of the total shares outstanding.