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The price of Longboard Pharmaceuticals Inc (NASDAQ: LBPH) closed at $59.08 in the last session, up 0.15% from day before closing price of $58.99. In other words, the price has increased by $0.15 from its previous closing price. On the day, 4.51 million shares were traded. LBPH stock price reached its highest trading level at $59.12 during the session, while it also had its lowest trading level at $58.87.
Ratios:
We take a closer look at LBPH’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 20.95 and its Current Ratio is at 20.95. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on September 10, 2024, initiated with a Buy rating and assigned the stock a target price of $60.
On July 01, 2024, Cantor Fitzgerald reiterated its Overweight rating and also lowered its target price recommendation from $60 to $90.
On May 01, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $36.Robert W. Baird initiated its Outperform rating on May 01, 2024, with a $36 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 16 ’24 when Kaye Randall sold 16,666 shares for $31.64 per share. The transaction valued at 527,318 led to the insider holds 17,920 shares of the business.
RANDALL KAYE bought 33,333 shares of LBPH for $1,143,989 on Sep 16 ’24. On Jan 23 ’24, another insider, Kaye Randall, who serves as the CMO of the company, bought 100 shares for $24.82 each. As a result, the insider paid 2,482 and bolstered with 100 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LBPH now has a Market Capitalization of 2298182656 and an Enterprise Value of 1997172736.
Stock Price History:
Over the past 52 weeks, LBPH has reached a high of $59.12, while it has fallen to a 52-week low of $3.60. The 50-Day Moving Average of the stock is 67.11%, while the 200-Day Moving Average is calculated to be 126.37%.
Shares Statistics:
According to the various share statistics, LBPH traded on average about 1.31M shares per day over the past 3-months and 5563950 shares per day over the past 10 days. A total of 38.90M shares are outstanding, with a floating share count of 33.57M. Insiders hold about 13.69% of the company’s shares, while institutions hold 99.76% stake in the company. Shares short for LBPH as of 1727654400 were 5375057 with a Short Ratio of 4.09, compared to 1724976000 on 4759758. Therefore, it implies a Short% of Shares Outstanding of 5375057 and a Short% of Float of 18.26.
