While Longboard Pharmaceuticals Inc has underperformed by -4.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LBPH rose by 442.81%, with highs and lows ranging from $40.48 to $3.60, whereas the simple moving average jumped by 50.90% in the last 200 days.
On September 10, 2024, Truist started tracking Longboard Pharmaceuticals Inc (NASDAQ: LBPH) recommending Buy. A report published by Cantor Fitzgerald on July 01, 2024, Reiterated its previous ‘Overweight’ rating for LBPH. Robert W. Baird also rated LBPH shares as ‘Outperform’, setting a target price of $36 on the company’s shares in an initiating report dated May 01, 2024. Citigroup Initiated an Buy rating on February 16, 2024, and assigned a price target of $40. Cantor Fitzgerald initiated its ‘Overweight’ rating for LBPH, as published in its report on October 24, 2023. B. Riley Securities’s report from April 27, 2023 suggests a price prediction of $13 for LBPH shares, giving the stock a ‘Buy’ rating. Evercore ISI also rated the stock as ‘Outperform’.
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Analysis of Longboard Pharmaceuticals Inc (LBPH)
One of the most important indicators of Longboard Pharmaceuticals Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -36.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 20.95, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and LBPH is recording 640.78K average volume. On a monthly basis, the volatility of the stock is set at 6.77%, whereas on a weekly basis, it is put at 6.13%, with a loss of -5.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $62.88, showing growth from the present price of $33.60, which can serve as yet another indication of whether LBPH is worth investing in or should be passed over.
How Do You Analyze Longboard Pharmaceuticals Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.98%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LBPH shares are owned by institutional investors to the tune of 99.70% at present.
