With 1.35 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.62 million shares. The 52-week range on LNZA shows that it touched its highest point at $3.41 and its lowest point at $0.61 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 1.38.
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 LNZA was down-trending over the past week, with a drop of -19.47%, but this was down by -19.26% over a month. Three-month performance dropped to -41.60% while six-month performance fell -57.06%. The stock lost -81.46% in the past year, while it has lost -57.37% so far this year. A look at the trailing 12-month EPS for LNZA yields -0.66 with Next year EPS estimates of -0.40. For the next quarter, that number is -0.13. This implies an EPS growth rate of 17.09% for this year and 38.93% for next year.
Float and Shares Shorts:
At present, 197.78 million LNZA shares are outstanding with a float of 134.72 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LNZA since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.56957 being high and -$0.73094 being low. For LNZA, this leads to a yearly average estimate of -$0.655. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.11.
