A Look at Lizhi Inc. (LIZI) Shares in the Recent Past Indicates Growth

Lizhi Inc. (NASDAQ: LIZI) stock jumped 11.46% on Monday to $1.06 against a previous-day closing price of $0.95. With 0.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.38 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $1.0900 whereas the lowest price it dropped to was $0.9401. The 52-week range on LIZI shows that it touched its highest point at $2.34 and its lowest point at $0.38 during that stretch. It currently has a 1-year price target of $1.70.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LIZI was up-trending over the past week, with a rise of 8.36%, but this was up by 40.23% over a month. Three-month performance surged to 121.39% while six-month performance fell -10.17%. The stock lost -29.33% in the past year, while it has gained 68.25% so far this year. A look at the trailing 12-month EPS for LIZI yields 0.18 with Next year EPS estimates of 0.26.

Float and Shares Shorts:

At present, 52.03 million LIZI shares are outstanding with a float of 28.27 million shares on hand for trading. On Dec 29, 2022, short shares totaled 0.15 million, which was 0.30% higher than short shares on Nov 29, 2022. In addition to Mr. Jinnan Lai as the firm’s Founder, Chairman & CEO, Mr. Ning Ding serves as its Co-Founder & CTO.

Institutional Ownership:

Through their ownership of 20.64% of LIZI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.19% of LIZI, in contrast to 0.28% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in LIZI with 0.42% of the stake, Renaissance Technologies LLC holds 165,700 shares worth 165,700. A second-largest stockholder of LIZI, Citigroup Global Markets, Inc., holds 101,498 shares, controlling over 0.25% of the firm’s shares. NFS Capital AG is the third largest shareholder in LIZI, holding 83,290 shares or 0.21% stake. With a 0.21% stake in LIZI, the Haas invest4 innovation is the largest stakeholder. A total of 83,290 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.03% of LIZI stock, is the second-largest Mutual Fund holder. It holds 12,605 shares valued at 7941.0. Trust for Professional Managers – holds 0.03% of the stake in LIZI, owning 11,609 shares worth 7314.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, LIZI reported revenue of $515.69M and operating income of $18.23M. The EBITDA in the recently reported quarter was $18.51M and diluted EPS was $0.40.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LIZI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LIZI analysts setting a high price target of $1.70 and a low target of $1.70, the average target price over the next 12 months is $1.70. Based on these targets, LIZI could surge 60.38% to reach the target high and rise by 60.38% to reach the target low. Reaching the average price target will result in a growth of 60.38% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LIZI will report FY 2022 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of $0.27 being high and $0.27 being low. For LIZI, this leads to a yearly average estimate of $0.27. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.15.

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