How have the shares performed?
Liquidity Services Inc. (LQDT) saw downtrend of -4.56% in the recent trading with $23.23 being its most recent. The current price level -22.57% lower than the highest price of $30.00 marked by the stock while trading over the past 52-weeks, whereas it is 387.00% higher than the lowest price of $4.77 the company dropped to over past 52-weeks. The latest news story on LQDT appeared in GlobeNewswire under the title “Virginia Port Authority offering for sale three ZPMC Ship to Shore Cranes and a wide selection of replacement parts on GovDeals online marketplace” on Jun-01-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -22.57% below one month high and is +0.35% above of the lowest during that time. Looking into the simple moving average, Liquidity Services Inc. (LQDT)’s stock stands at a SMA-50 of $21.85 while that of 5-day is reading $24.62.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and LQDT’s SMA-200 as of now is $15.45.
Liquidity Services Inc. Earnings – What Happened With LQDT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Liquidity Services Inc. (LQDT) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 72.70% for net revenue. During the reported three-month period, company’s sales were $61.79 billion while analysts on average were estimating the same to be $61.19 million.
LQDT – Liquidity Services Inc. Stock Earnings Estimates
The perspective of Liquidity Services Inc. (NASDAQ:LQDT)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.11 for stock’s EPS in the current quarter. 2 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.19.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 33.49 million. LQDT does have institutional investors; and they hold 67.30% of the stock.
Liquidity Services Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 9 new insider purchases involving 149,112 shares. On the other hand, LQDT declared 720,259 shares have been sold in 42 insider transactions over the past three months.
As on Mar 30, 2021, Blackrock Inc. was the top most holder in Liquidity Services Inc. (NASDAQ:LQDT) with an ownership of 4.27 million shares of the company or 12.16% of the stake worth $79.34 million. The filing also reveals Renaissance Technologies, LLC as the second largest holder in the company with a control over 6.79% of the outstanding shares. Its stake is worth $44.31 million for having 2.38 million shares in hand.
Staley Capital Advisers, Inc. also came holding a key position in the company during the recent quarter and it now holds 6.55% of the outstanding shares. With this there are now 175 institutions which have possession in LQDT’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Liquidity Services Inc. was 1.27 while posting a debt to equity ratio of 0.00. The count was 6.94 for long-term debt to equity ratio.
Liquidity Services Inc.’s return on equity, or ROE, is 13.90%, compared to the industry average of 4.40% for Consumer Cyclical – Internet Retail. Although this indicates that LQDT uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Liquidity Services Inc. (NASDAQ:LQDT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Liquidity Services Inc. (LQDT), we notice that the stock’s 20-day average volume is at 392,320 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 452,372 shares. And to end, LQDT’s 100-day average volume is 433,869 shares with 100% of the long-term indicators pointing towards Buy for the stock.