During the recent session, LL Flooring Holdings Inc. (NYSE:LL)’s traded shares were 1.46 million, with the beta value of the company hitting 2.13. At the last check today, the stock’s price was $4.73, reflecting an intraday gain of 23.18% or $0.89. The 52-week high for the LL share is $12.52, that puts it down -164.69 from that peak though still a striking 41.86% gain since the share price plummeted to a 52-week low of $2.75. The company’s market capitalization is $113.24M, and the average intraday trading volume over the past 10 days was 0.67 million shares, and the average trade volume was 689.96K shares over the past three months.
LL Flooring Holdings Inc. (LL) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. LL has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.41.
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LL Flooring Holdings Inc. (NYSE:LL) trade information
LL Flooring Holdings Inc. (LL) registered a 23.18% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 23.18% in intraday trading to $4.73 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 25.46%, and it has moved by 46.89% in 30 days. Based on these gigs, the overall price performance for the year is -55.67%. The short interest in LL Flooring Holdings Inc. (NYSE:LL) is 2.34 million shares and it means that shorts have 3.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.00, which implies a decrease of -57.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $3.00 respectively. As a result, LL is trading at a premium of 36.58% off the target high and 36.58% off the low.
LL Flooring Holdings Inc. (LL) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -415.40% this quarter and then drop -392.30% in the quarter after that. In the rating firms’ projections, revenue will increase 0.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $257.9 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $234.5 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $298.96 million and $282.2 million respectively. In this case, analysts expect current quarter sales to shrink by -13.70% and then drop by -16.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 21.90%. While earnings are projected to return -129.60% in 2023, the next five years will return 30.00% per annum.
LL Flooring Holdings Inc. is due to release its next quarterly earnings on May 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
LL Flooring Holdings Inc. (NYSE:LL)’s Major holders
LL Flooring Holdings Inc. insiders own 2.27% of total outstanding shares while institutional holders control 64.25%, with the float percentage being 65.74%. Blackrock Inc. is the largest shareholder of the company, while 180 institutions own stock in it. As of Mar 30, 2023, the company held over 2.06 million shares (or 6.76% of all shares), a total value of $7.84 million in shares.
The next largest institutional holding, with 1.74 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 5.72% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $6.63 million.
Also, the Mutual Funds coming in first place with the largest holdings of LL Flooring Holdings Inc. (LL) shares are Price (T.Rowe) Small-Cap Value Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2022 indicates that Price (T.Rowe) Small-Cap Value Fund owns about 2.31 million shares. This amounts to just over 7.54 percent of the company’s overall shares, with a $12.97 million market value. The same data shows that the other fund manager holds slightly less at 1.07 million, or about 3.49% of the stock, which is worth about $6.01 million.