In the last trading session, 1.07 million shares of the Longboard Pharmaceuticals Inc (NASDAQ:LBPH) were traded, and its beta was 1.29. Most recently the company’s share price was $27.58, and it changed around -$3.16 or -10.28% from the last close, which brings the market valuation of the company to $1.07B. LBPH currently trades at a discount to its 52-week high of $40.48, offering almost -46.77% off that amount. The share price’s 52-week low was $3.60, which indicates that the current value has risen by an impressive 86.95% since then. We note from Longboard Pharmaceuticals Inc’s average daily trading volume that its 10-day average is 0.56 million shares, with the 3-month average coming to 656.00K.
Longboard Pharmaceuticals Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.12. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended LBPH as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
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Longboard Pharmaceuticals Inc (NASDAQ:LBPH) trade information
Instantly LBPH has showed a red trend with a performance of -10.28% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 35.50 on recent trading dayincreased the stock’s daily price by 22.31%. The company’s shares are currently up 357.38% year-to-date, but still down -21.94% over the last five days. On the other hand, Longboard Pharmaceuticals Inc (NASDAQ:LBPH) is -20.45% down in the 30-day period. We can see from the shorts that 4.76 million shares have been sold at a short interest cover period of 9.23 day(s).
The consensus price target as assigned by Wall Street analysts is $60, which translates to bulls needing to increase their stock price by 54.03% from its current value. Analyst projections state that LBPH is forecast to be at a low of $16 and a high of $90.
Longboard Pharmaceuticals Inc (LBPH) estimates and forecasts
Longboard Pharmaceuticals Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 34.67 percent over the past six months and at a 10.88% annual growth rate that is well below the industry average of 17.40%.
LBPH Dividends
Longboard Pharmaceuticals Inc’s next quarterly earnings report is expected to be released in October.
Longboard Pharmaceuticals Inc (NASDAQ:LBPH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.31% of Longboard Pharmaceuticals Inc shares, and 118.82% of them are in the hands of institutional investors. The stock currently has a share float of 120.40%. Longboard Pharmaceuticals Inc stock is held by 162.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 11.3559% of the shares, which is about 4.42 million shares worth $119.34 million.
RA CAPITAL MANAGEMENT, L.P., with 8.4596% or 3.29 million shares worth $88.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
