Lionsgate Studios Corp (NASDAQ: LION) – Not A Clear Buying Opportunity?

Lionsgate Studios Corp (LION) concluded trading on Wednesday at a closing price of $7.04, with 0.46 million shares of worth about $3.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.98% during that period and on November 27, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 75.00M shares, out of which, 34.08M shares are available for trading.

Stock saw a price change of 1.29% in past 5 days and over the past one month there was a price change of 3.53%. Year-to-date (YTD), LION shares are showing a performance of -33.58% which decreased to -33.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.13 but also hit the highest price of $12.84 during that period. The average intraday trading volume for Lionsgate Studios Corp shares is 180.45K. The stock is currently trading 1.96% above its 20-day simple moving average (SMA20), while that difference is up 2.10% for SMA50 and it goes to -17.10% lower than SMA200.

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Lionsgate Studios Corp (NASDAQ: LION) currently have 75.00M outstanding shares and institutions hold larger chunk of about 8.15% of that.

The stock has a current market capitalization of $2.03B and its 3Y-monthly beta is at -0.07. It has posted earnings per share of -$0.56 in the same period. It has Quick Ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LION, volatility over the week remained 3.42% while standing at 4.63% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Seaport Research Partners on August 06, 2024 offering a Buy rating for the stock and assigned a target price of $12 to it. Coverage by Morgan Stanley stated Lionsgate Studios Corp (LION) stock as an Overweight in their note to investors on August 02, 2024, suggesting a price target of $9.50 for the stock. On June 05, 2024, Seaport Research Partners Initiated their recommendations, while on May 31, 2024, Citigroup Initiated their ratings for the stock with a price target of $14.

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