In last trading session, Liquidia Corp (NASDAQ:LQDA) saw 1.25 million shares changing hands with its beta currently measuring 0.20. Company’s recent per share price level of $15.33 trading at $0.5 or 3.37% at ring of the bell on the day assigns it a market valuation of $1.17B. That closing price of LQDA’s stock is at a discount of -10.83% from its 52-week high price of $16.99 and is indicating a premium of 62.75% from its 52-week low price of $5.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.89 million shares which gives us an average trading volume of 921.81K if we extend that period to 3-months.
Liquidia Corp (NASDAQ:LQDA) trade information
Upright in the green during last session for gaining 3.37%, in the last five days LQDA remained trading in the green while hitting it’s week-highest on Friday, 04/05/24 when the stock touched $15.33 price level, adding 3.58% to its value on the day. Liquidia Corp’s shares saw a change of 27.43% in year-to-date performance and have moved 0.20% in past 5-day. Liquidia Corp (NASDAQ:LQDA) showed a performance of 9.66% in past 30-days. Number of shares sold short was 7.26 million shares which calculate 9.09 days to cover the short interests.
Liquidia Corp (LQDA) estimates and forecasts
Statistics highlight that Liquidia Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 135.48% of value to its shares in past 6 months, showing an annual growth rate of 19.01% while that of industry is 13.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -77.80% in the current quarter and calculating 13.90% increase in the next quarter. This year revenue growth is estimated to rise 234.50% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.48 million for the same. And 7 analysts are in estimates of company making revenue of $10.06 million in the next quarter that will end on Jun 2024. Company posted $4.49 million and $4.43 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -0.30% while estimating it to be 127.10% for the next quarter.
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 30.44% during past 5 years.
LQDA Dividends
Liquidia Corp is more likely to be releasing its next quarterly report in May 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.
Liquidia Corp (NASDAQ:LQDA)’s Major holders
Insiders are in possession of 12.42% of company’s total shares while institution are holding 51.18 percent of that, with stock having share float percentage of 58.44%. Investors also watch the number of corporate investors in a company very closely, which is 51.18% institutions for Liquidia Corp that are currently holding shares of the company. Caligan Partners, LP is the top institutional holder at LQDA for having 9.24 million shares of worth $72.56 million. And as of Jun 29, 2023, it was holding 14.28% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 3.29 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.09% of outstanding shares, having a total worth of $25.85 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.53 million shares of worth $12.02 million or 2.37% of the total outstanding shares. The later fund manager was in possession of 1.1 million shares on Aug 30, 2023, making its stake of worth around $7.53 million in the company or a holder of 1.69% of company’s stock.
