As of close of business last night, Lannett Company Inc.’s stock clocked out at $0.71, up 3.89% from its previous closing price of $0.68. In other words, the price has increased by $+0.0266 from its previous closing price. On the day, 232925 shares were traded. LCI stock price reached its highest trading level at $0.7700 during the session, while it also had its lowest trading level at $0.7000.
To gain a deeper understanding of LCI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.40.
Upgrades & Downgrades
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 17 when Chapman John C bought 20,000 shares for $0.51 per share. The transaction valued at 10,200 led to the insider holds 174,324 shares of the business.
LEPORE PATRICK G bought 100,000 shares of LCI for $49,000 on Nov 10. The Director now owns 587,145 shares after completing the transaction at $0.49 per share. On Nov 10, another insider, Crew Timothy C, who serves as the Chief Executive Officer of the company, bought 15,000 shares for $0.48 each. As a result, the insider paid 7,200 and bolstered with 604,291 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08.
Stock Price History:
Over the past 52 weeks, LCI has reached a high of $2.16, while it has fallen to a 52-week low of $0.38. The 50-Day Moving Average of the stock is 0.4866, while the 200-Day Moving Average is calculated to be 0.6066.
It appears that LCI traded 167.93K shares on average per day over the past three months and 204.83k shares per day over the past ten days. A total of 40.94M shares are outstanding, with a floating share count of 36.67M. Insiders hold about 4.30% of the company’s shares, while institutions hold 39.80% stake in the company. Shares short for LCI as of Oct 13, 2022 were 3.96M with a Short Ratio of 4.04M, compared to 3.89M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.22% and a Short% of Float of 10.60%.
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.45 for the current quarter, with a high estimate of -$0.45 and a low estimate of -$0.46, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.43, with high estimates of -$0.42 and low estimates of -$0.44.
Analysts are recommending an EPS of between -$1.66 and -$1.7 for the fiscal current year, implying an average EPS of -$1.68. EPS for the following year is -$1.33, with 2 analysts recommending between -$1.26 and -$1.4.
A total of 2 analysts have provided revenue estimates for LCI’s current fiscal year. The highest revenue estimate was $290.4M, while the lowest revenue estimate was $287.39M, resulting in an average revenue estimate of $288.9M. In the same quarter a year ago, actual revenue was $340.58M, down -15.20% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $310.3M in the next fiscal year. The high estimate is $319.9M and the low estimate is $300.7M. The average revenue growth estimate for next year is up 7.40% from the average revenue estimate for this year.