LeddarTech Holdings Inc (NASDAQ: LDTC) In 2024: Will It Be Worth Investing In?

In the last trading session, 3.77 million shares of the LeddarTech Holdings Inc (NASDAQ:LDTC) were traded, and its beta was -0.77. Most recently the company’s share price was $1.45, and it changed around $0.38 or 35.51% from the last close, which brings the market valuation of the company to $48.54M. LDTC currently trades at a discount to its 52-week high of $5.20, offering almost -258.62% off that amount. The share price’s 52-week low was $0.22, which indicates that the current value has risen by an impressive 84.83% since then. We note from LeddarTech Holdings Inc’s average daily trading volume that its 10-day average is 5.06 million shares, with the 3-month average coming to 7.34 million.

LeddarTech Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended LDTC as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. LeddarTech Holdings Inc is expected to report earnings per share of -0.35 for the current quarter.

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LeddarTech Holdings Inc (NASDAQ:LDTC) trade information

Instantly LDTC has showed a green trend with a performance of 35.51% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6200 on recent trading dayincreased the stock’s daily price by 10.49%. The company’s shares are currently down -43.47% year-to-date, but still up 86.02% over the last five days. On the other hand, LeddarTech Holdings Inc (NASDAQ:LDTC) is 435.06% up in the 30-day period. We can see from the shorts that 33747.0 shares have been sold at a short interest cover period of 0.15 day(s).

The consensus price target as assigned by Wall Street analysts is $1, which translates to bulls needing to decrease their stock price by -45.0% from its current value. Analyst projections state that LDTC is forecast to be at a low of $1 and a high of $1.

LeddarTech Holdings Inc (LDTC) estimates and forecasts

LeddarTech 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 81.25 percent over the past six months and at a 22.58% annual growth rate that is well below the industry average of 25.20%. The year-over-year growth rate is expected to be -16.89%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 901.5k in revenue for the current quarter. 2 analysts expect LeddarTech Holdings Inc to make 1.39M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.71M and 1.86M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -47.13%. Forecasts for the next quarter put sales growth at -24.91%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1421.05%.

LDTC Dividends

LeddarTech Holdings Inc’s next quarterly earnings report is expected to be released in January.

The former held 51.9 shares worth $75256.0, making up 0.18% of all outstanding shares.