In today’s recent session, 0.6 million shares of the Lantheus Holdings Inc (NASDAQ:LNTH) have been traded, and its beta is 0.47. Most recently the company’s share price was $84.69, and it changed around $5.26 or 6.63% from the last close, which brings the market valuation of the company to $5.89B. LNTH at last check was trading at a discount to its 52-week high of $126.89, offering almost -49.83% off that amount. The share price’s 52-week low was $50.20, which indicates that the recent value has risen by an impressive 40.72% since then. We note from Lantheus Holdings Inc’s average daily trading volume that its 10-day average is 2.15 million shares, with the 3-month average coming to 887.64K.
Lantheus Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.17. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended LNTH as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Lantheus Holdings Inc is expected to report earnings per share of 1.51 for the current quarter.
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Lantheus Holdings Inc (NASDAQ:LNTH) trade information
Instantly LNTH has been showing a green trend so far today with a performance of 6.63% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 85.45 on recent trading dayincreased the stock’s daily price by 0.89%. The company’s shares are currently up 36.60% year-to-date, but still up 6.19% over the last five days. On the other hand, Lantheus Holdings Inc (NASDAQ:LNTH) is -24.80% down in the 30-day period. We can see from the shorts that 4.19 million shares have been sold at a short interest cover period of 8.23 day(s).
The consensus price target as assigned by Wall Street analysts is $145, which translates to bulls needing to increase their stock price by 41.59% from its current value. Analyst projections state that LNTH is forecast to be at a low of $120 and a high of $175.
Lantheus Holdings Inc (LNTH) estimates and forecasts
Lantheus Holdings 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 4.12 percent over the past six months and at a 7.54% annual growth rate that is well below the industry average of 11.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -13.71% in revenue this quarter, and will report a decrease of -8.99% in the next quarter. The year-over-year growth rate is expected to be 17.19%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 375.86M in revenue for the current quarter. 5 analysts expect Lantheus Holdings Inc to make 381.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 354M and 369.98M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.17%. Forecasts for the next quarter put sales growth at 3.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.30%. Lantheus Holdings Inc earnings are expected to increase by 7.64% in 2024, but the outlook is positive 8.50% per year for the next five years.
LNTH Dividends
Lantheus Holdings Inc’s next quarterly earnings report is expected to be released in December.
Lantheus Holdings Inc (NASDAQ:LNTH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.49% of Lantheus Holdings Inc shares, and 103.66% of them are in the hands of institutional investors. The stock currently has a share float of 106.30%. Lantheus Holdings Inc stock is held by 651.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 12.5019% of the shares, which is about 8.6 million shares worth $690.17 million.
VANGUARD GROUP INC, with 11.0035% or 7.57 million shares worth $607.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 2.21 shares worth $187.74 million, making up 3.18% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 2.17 shares worth around $183.68 million, which represents about 3.11% of the total shares outstanding.
