Liquidia Corp (NASDAQ: LQDA) Could Post A 29.39% Or More Growth

During the last session, Liquidia Corp (NASDAQ:LQDA)’s traded shares were 0.51 million, with the beta value of the company hitting 0.25. At the end of the trading day, the stock’s price was $11.65, reflecting an intraday gain of 2.37% or $0.27. The 52-week high for the LQDA share is $16.99, that puts it down -45.84 from that peak though still a striking 50.99% gain since the share price plummeted to a 52-week low of $5.71. The company’s market capitalization is $894.60M, and the average intraday trading volume over the past 10 days was 0.66 million shares, and the average trade volume was 809.41K shares over the past three months.

Liquidia Corp (LQDA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.29. LQDA has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it.

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Liquidia Corp (NASDAQ:LQDA) trade information

Liquidia Corp (LQDA) registered a 2.37% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.37% in intraday trading to $11.65, hitting a weekly high. The stock’s 5-day price performance is 3.74%, and it has moved by -6.58% in 30 days. Based on these gigs, the overall price performance for the year is 52.29%. The short interest in Liquidia Corp (NASDAQ:LQDA) is 11.48 million shares and it means that shorts have 13.97 day(s) to cover.

The consensus price target of analysts on Wall Street is $16.5, which implies an increase of 29.39% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $23 respectively. As a result, LQDA is trading at a discount of -97.42% off the target high and 74.25% off the low.

Liquidia Corp (LQDA) estimates and forecasts

Statistics show that Liquidia Corp has underperformed its competitors in share price, compared to the industry in which it operates. Liquidia Corp (LQDA) shares have gone down -20.64% during the last six months, with a year-to-date growth rate less than the industry average at -19.83% against 16.60.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 30.44%. While earnings are projected to return -42.52% in 2024.

Liquidia Corp (NASDAQ:LQDA)’s Major holders

Liquidia Corp insiders own 21.43% of total outstanding shares while institutional holders control 64.75%, with the float percentage being 82.42%. CALIGAN PARTNERS LP is the largest shareholder of the company, while 196.0 institutions own stock in it. As of 2024-03-31, the company held over 10.36 million shares (or 15.9415% of all shares), a total value of $152.82 million in shares.

The next largest institutional holding, with 7.18 million shares, is of PATIENT SQUARE CAPITAL LP’s that is approximately 11.0512% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $105.94 million.