Lizhi Inc. (NASDAQ: LIZI) stock jumped 17.14% on Thursday to $0.82 against a previous-day closing price of $0.70. With 5.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.28 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $0.8800 whereas the lowest price it dropped to was $0.7231. The 52-week range on LIZI shows that it touched its highest point at $1.88 and its lowest point at $0.38 during that stretch. It currently has a 1-year price target of $1.70. Beta for the stock currently stands at 1.65.
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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 22.37%, but this was up by 18.84% over a month. Three-month performance surged to 1.23% while six-month performance rose 32.26%. The stock lost -28.70% in the past year, while it has gained 30.16% so far this year. A look at the trailing 12-month EPS for LIZI yields 0.24 with Next year EPS estimates of 0.34.
Float and Shares Shorts:
At present, 52.56 million LIZI shares are outstanding with a float of 28.54 million shares on hand for trading. On May 14, 2023, short shares totaled 23800.0, which was 0.05% higher than short shares on Apr 13, 2023. In addition to Mr. Jinnan Lai as the firm’s Founder, Chairman & CEO, Mr. Ning Ding serves as its Co-Founder & CTO.
Through their ownership of 20.21% of LIZI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of LIZI, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.03% stake in LIZI, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 12,605 shares are owned by the mutual fund manager. The Trust for Professional Managers -, which owns about 0.00% of LIZI stock, is the second-largest Mutual Fund holder. It holds 0 shares valued at 0.0. Lumyna – MW TOPS UCITS Fund holds 0.00% of the stake in LIZI, owning 0 shares worth 0.0.
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 Dec 30, 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.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LIZI since 0 analysts follow the stock currently. 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 107.32% to reach the target high and rise by 107.32% to reach the target low. Reaching the average price target will result in a growth of 107.32% 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.