Landbridge Company LLC (NYSE:LB) Jumps 9.96%, But Additional Rally May Be Imminent

In last trading session, Landbridge Company LLC (NYSE:LB) saw 0.38 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $75.50 trading at $6.84 or 9.96% at ring of the bell on the day assigns it a market valuation of $1.32B. That closing price of LB’s stock is at a premium of 5.17% from its 52-week high price of $71.60 and is indicating a premium of 75.17% from its 52-week low price of $18.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.36 million shares which gives us an average trading volume of 326.49K if we extend that period to 3-months.

For Landbridge Company LLC (LB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.88. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.26 in the current quarter.

Landbridge Company LLC (NYSE:LB) trade information

Landbridge Company LLC’s shares saw a change of 226.13% in year-to-date performance and have moved 34.13% in past 5-day. Landbridge Company LLC (NYSE:LB) showed a performance of 60.67% in past 30-days. Number of shares sold short was 0.93 million shares which calculate 2.68 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 46 to the stock, which implies a fall of -64.13% to its current value. Analysts have been projecting 34 as a low price target for the stock while placing it at a high target of 100. It follows that stock’s current price would jump 54.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 54.97% for stock’s current value.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 28.49M for the same. And 7 analysts are in estimates of company making revenue of 34.05M in the next quarter.

Landbridge Company LLC (NYSE:LB)’s Major holders

Insiders are in possession of 3.09% of company’s total shares while institution are holding 96.84 percent of that, with stock having share float percentage of 99.93%. Investors also watch the number of corporate investors in a company very closely, which is 96.84% institutions for Landbridge Company LLC that are currently holding shares of the company.