Liquidia Corp (NASDAQ:LQDA) saw an upside of 3.51% to $6.49 after adding $0.22 on Tuesday. The 5-day average trading volume is 372,658 shares of the company’s common stock. It has gained $6.68 in the past week and touched a new high 2 times within the past 5 days. An average of 428,729 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 523,230.
LQDA’s 1-month performance is -8.33% or -$0.56 on its low of $6.20 reached on 09/21/23. The company’s shares have touched a 52-week low of $4.35 and high of $9.95, with the stock’s rally to the 52-week high happening on 06/28/23. YTD, LQDA has achieved 1.88% or $0.15 and has reached a new high 20 times. However, the current price is down -34.77% from the 52-week high price.
Insider Transactions
LQDA stock investors last saw insider trading activity on Sep 19.Adair Jason (Chief Business Officer) most recently sold 75 shares at $6.51 per share on Sep 19. This transaction cost the insider $488. Chief Commercial Officer, Moomaw Scott, sold 537 shares at a price of $6.88 on Aug 31. Then, on Aug 31, Chief Operations Officer Lippe Robert A sold 505 shares at a price of $6.88 per share. This transaction amounted to $3,474.
Valuation Metrics
LQDA stock has a beta of 0.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 23.60 while the price-to-book (PB) in the most recent quarter is 6.93.
Liquidia Corp’s quick ratio for the period ended June 29 was 4.76, with the current ratio over the same period at 4.76. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.07. In terms of profitability, the gross margin trailing 12 months is 72.94%. The trailing 12-month EBITDA margin is -218.46% while for the period ending June 29, Liquidia Corp’s operating margin was -266.15%. The firm’s gross profit as reported stood at $13.08 million against revenue of $15.94 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 59.82% to -$23.52 million, while revenue of -$11.75 million was 50.04% off the previous quarter. Analysts expected LQDA to announce -$0.16 per share in earnings in its latest quarter, but it posted -$0.36, representing a -125.00% surprise. EBITDA for the quarter stood at more than -$22.24 million. LQDA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 60.94 million, with total debt at $37.56 million. Shareholders hold equity totaling $64.74 million.
Let’s look briefly at Liquidia Corp (LQDA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 43.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.99%.
The stock’s 5-day moving average is $6.37, reflecting a +0.62% or $0.04 change from its current price. LQDA is currently trading -8.17% above its 20-day SMA, -7.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.65% and SMA200 by+17.69%.
Stochastic %K and %D was 20.18% and 18.59% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 41.35%, while the 14-day stochastic is at 33.68% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at -0.06 and -0.27 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for LQDA stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LQDA as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is LQDA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $18.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Liquidia Corp (LQDA) stock is $14.00.
