Lineage Cell Therapeutics Inc (LCTX) concluded trading on Thursday at a closing price of $0.50, with 3.01 million shares of worth about $1.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -50.97% during that period and on December 26, 2024 the price saw a loss of about -6.13%. Currently the company’s common shares owned by public are about 220.42M shares, out of which, 218.96M shares are available for trading.
Stock saw a price change of 0.70% in past 5 days and over the past one month there was a price change of -12.01%. Year-to-date (YTD), LCTX shares are showing a performance of -53.67% which decreased to -54.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.48 but also hit the highest price of $1.61 during that period. The average intraday trading volume for Lineage Cell Therapeutics Inc shares is 1.73 million. The stock is currently trading -7.77% below its 20-day simple moving average (SMA20), while that difference is down -29.57% for SMA50 and it goes to -46.77% lower than SMA200.
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Lineage Cell Therapeutics Inc (AMEX: LCTX) currently have 220.42M outstanding shares and institutions hold larger chunk of about 43.57% of that.
The stock has a current market capitalization of $111.31M and its 3Y-monthly beta is at 1.17. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 2.48 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LCTX, volatility over the week remained 7.23% while standing at 9.24% over the month.
Analysts are in expectations that Lineage Cell Therapeutics Inc (LCTX) stock would likely to be making an EPS of -0.03 in the current quarter, while forecast for next quarter EPS is -0.04 and it is -0.09 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.04 which is -0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.94% while it is estimated to increase by 4.48% in next year.
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 Craig Hallum on August 20, 2024 offering a Buy rating for the stock and assigned a target price of $4 to it. Coverage by Robert W. Baird stated Lineage Cell Therapeutics Inc (LCTX) stock as an Outperform in their note to investors on November 02, 2022, suggesting a price target of $5 for the stock. On June 14, 2022, B. Riley Securities Initiated their recommendations, while on August 19, 2021, Noble Capital Markets Initiated their ratings for the stock with a price target of $8. Stock get an Overweight rating from Cantor Fitzgerald on March 31, 2021.
