In the latest trading session,, 1.24 million Liquidia Corp (NASDAQ:LQDA) shares changed hands as the company’s beta touched 0.23. With the company’s most recent per share price at $9.54 changed hands at -$0.25 or -2.55% at last look, the market valuation stands at $732.57M. LQDA’s current price is a discount, trading about -78.09% off its 52-week high of $16.99. The share price had its 52-week low at $5.71, which suggests the last value was 40.15% up since then. When we look at Liquidia Corp’s average trading volume, we note the 10-day average is 2.57 million shares, with the 3-month average coming to 1.11 million.
Analysts gave the Liquidia Corp (LQDA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LQDA as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Liquidia Corp’s EPS for the current quarter is expected to be -0.42.
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Liquidia Corp (NASDAQ:LQDA) trade information
Instantly LQDA was in red as seen in intraday trades today. With action -28.22%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.70%, with the 5-day performance at -28.22% in the red. However, in the 30-day time frame, Liquidia Corp (NASDAQ:LQDA) is -16.02% down. Looking at the short shares, we see there were 12.87 million shares sold at short interest cover period of 16.3 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 43.88% from its recent market value. According to analyst projections, LQDA’s forecast low is 3 with 27 as the target high. To hit the forecast high, the stock’s price needs a -183.02% plunge from its current level, while the stock would need to tank 68.55% for it to hit the projected low.
Liquidia Corp (LQDA) estimates and forecasts
Data shows that the Liquidia Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.48% over the past 6 months, a -29.75% in annual growth rate that is considerably lower than the industry average of 18.30%. Year-over-year growth is forecast to reach 58.10% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 8.13M. 8 analysts are of the opinion that Liquidia Corp’s revenue for the current quarter will be 13.21M. The company’s revenue for the corresponding quarters a year ago was 4.33M and 4.53M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 87.80%. The estimates for the next quarter sales put growth at 191.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 30.44%. The 2024 estimates are for Liquidia Corp earnings to decrease by -39.79%.
LQDA Dividends
Liquidia Corp is expected to release its next quarterly earnings report in September.
Liquidia Corp (NASDAQ:LQDA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.30% of Liquidia Corp shares while 64.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.41%. There are 64.85% institutions holding the Liquidia Corp stock share, with CALIGAN PARTNERS LP the top institutional holder. As of 2024-03-31, the company held 15.9415% of the shares, roughly 10.36 million LQDA shares worth $152.82 million.
PATIENT SQUARE CAPITAL LP holds the second largest percentage of outstanding shares, with 11.0512% or 7.18 million shares worth $105.94 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 1.53 shares estimated at $14.57 million under it, the former controlled 2.00% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.83% of the shares, roughly 1.41 shares worth around $13.35 million.
