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Leap Therapeutics Inc. (NASDAQ:LPTX) Stock Has Fallen -82.27% YTD, What Do Analysts Anticipate Next?

In last trading session, Leap Therapeutics Inc. (NASDAQ:LPTX) saw 0.17 million shares changing hands with its beta currently measuring 0.58. Company’s recent per share price level of $0.57 trading at $0.01 or 2.55% at ring of the bell on the day assigns it a market valuation of $56.38M. That closing price of LPTX’s stock is at a discount of -505.26% from its 52-week high price of $3.45 and is indicating a premium of 3.51% from its 52-week low price of $0.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 695.16K if we extend that period to 3-months.

Leap Therapeutics Inc. (NASDAQ:LPTX) trade information

Upright in the green during last session for gaining 2.55%, in the last five days LPTX remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.57 price level, adding 17.4% to its value on the day. Leap Therapeutics Inc.’s shares saw a change of -82.27% in year-to-date performance and have moved -13.64% in past 5-day. Leap Therapeutics Inc. (NASDAQ:LPTX) showed a performance of -33.24% in past 30-days. Number of shares sold short was 3.2 million shares which calculate 5.78 days to cover the short interests.

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Leap Therapeutics Inc. (LPTX) estimates and forecasts

Statistics highlight that Leap Therapeutics Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -51.74% of value to its shares in past 6 months, showing an annual growth rate of -2.13% while that of industry is 4.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 14.30% in the current quarter and calculating -20.00% decrease in the next quarter.

Company posted $375k and $375k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 29.60% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 25.40% while estimates for its earnings growth in next 5 years are of -2.49%.

LPTX Dividends

Leap Therapeutics Inc. is more likely to be releasing its next quarterly report between November 10 and November 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Leap Therapeutics Inc. (NASDAQ:LPTX)’s Major holders

Insiders are in possession of 9.26% of company’s total shares while institution are holding 45.19 percent of that, with stock having share float percentage of 49.80%. Investors also watch the number of corporate investors in a company very closely, which is 45.19% institutions for Leap Therapeutics Inc. that are currently holding shares of the company. Perceptive Advisors Llc is the top institutional holder at LPTX for having 7.95 million shares of worth $9.14 million. And as of Jun 29, 2022, it was holding 8.03% of the company’s outstanding shares.

The second largest institutional holder is Artal Group S.A., which was holding about 4.0 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 4.04% of outstanding shares, having a total worth of $4.6 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 2.29 million shares of worth $2.63 million or 2.31% of the total outstanding shares. The later fund manager was in possession of 0.84 million shares on Jun 29, 2022, making its stake of worth around $0.97 million in the company or a holder of 0.85% of company’s stock.

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