The stock of Liberty Global plc (NASDAQ:LBTYK) decreased by -$0.25 on Tuesday to finish at $19.49, down -1.27 percent. The last five days have seen an average of 1,903,100 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.06. The average number of shares traded over the last 20 days was 2,276,155, while the average volume over the last 50 days totaled 2,508,848.
LBTYK stock appreciated 3.40% since last month. On 07/25/23, the company’s shares reached a one-month low of $18.64. The stock touched a high of $23.56 on 02/02/23, after rallying from a low of $16.16 in 52 weeks. The price of LBTYK stock has risen by 0.31% or $0.06 this year, reaching a new high 10 times. Still, the stock price is down -17.28% from the 52-week high.
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Insider Transactions
LBTYK stock investors should be aware that Liberty Global plc (LBTYK) stock had its last reported insider trading activity 50 days ago on Jun 27. On Jun 27, EVP & CFO BRACKEN CHARLES H R sold 50,000 shares at $17.41 each. This transaction resulted in the insider making $870,680. On Jun 20, COLE ANDREW added 650 shares at a price of US$18.41. After the transaction, the insider now owns 60,087 shares. EVP, Gen Counsel & Secretary HALL BRYAN H had earlier sold 6,000 shares on Mar 30 for $20.04 a share. The transaction was completed for $120,248.
Financial Health
Based on annual data, it had gross profit of $5.11 billion and revenue of $7.2 billion.
Earnings Surprise
According to Liberty Global plc’s quarterly financial report for the quarter that ended December 30. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Liberty Global plc’s quarterly earnings would be $1.15, but it ended up being -$0.02. EBITDA was $540.6 million for the quarter. At the end of Liberty Global plc’s most recent quarter ended December 30, its liabilities totaled 22.0 billion, while its total debt was $17.75 billion. Equity owned by shareholders amounts to $424.33 million.
Technical Picture
Here’s a quick look at Liberty Global plc’s (LBTYK) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 49.17%, suggesting the stock is Neutral, with a 14.05% historical volatility rate.
The stochastic %K and %D were 58.40% and 58.83% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 38.71%, the RSI (14) reading is 52.51%. On the 9-day MACD Oscillator, the stock is at 0.06, and the 14-day reading is at 0.05.
Analyst Ratings
In a note to investors, Pivotal Research Group maintained its a Buy rating on Liberty Global plc (NASDAQ: LBTYK). However, the firm raised their price target to $25, indicating a possible increase of 35.03% in the stock price. Analysts have assigned Liberty Global plc (LBTYK) an Overweight rating. LBTYK is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.
What is LBTYK’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.90 and $51.00, with a median target price of $26.00. In analyzing these forecasts, the average price target given by analysts for Liberty Global plc (LBTYK) is $28.45.
