The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $57.00 in the prior trading day, Lineage Inc (NASDAQ: LINE) closed at $56.47, down -0.93%. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 0.86 million shares were traded. LINE stock price reached its highest trading level at $57.24 during the session, while it also had its lowest trading level at $56.2.
Ratios:
Our goal is to gain a better understanding of LINE by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.76.
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 the company, JP Morgan on December 20, 2024, Downgraded its rating to Neutral and sets its target price to $75 from $78 previously.
On September 18, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $91.
On September 16, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $91.CapitalOne initiated its Overweight rating on September 16, 2024, with a $91 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 26 ’24 when Falotico Nancy Joy bought 1,300 shares for $78.00 per share. The transaction valued at 101,400 led to the insider holds 2,452 shares of the business.
Wentworth Lynn A bought 3,100 shares of LINE for $241,800 on Jul 26 ’24. The Director now owns 4,910 shares after completing the transaction at $78.00 per share. On Jul 26 ’24, another insider, Crisci Robert, who serves as the Chief Financial Officer of the company, bought 10,000 shares for $78.00 each. As a result, the insider paid 780,000 and bolstered with 10,000 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, LINE now has a Market Capitalization of 14236426240 and an Enterprise Value of 21053411328. Its current Enterprise Value per Revenue stands at 3.949 whereas that against EBITDA is 19.152.
Stock Price History:
Over the past 52 weeks, LINE has reached a high of $89.85, while it has fallen to a 52-week low of $56.51. The 50-Day Moving Average of the stock is -11.45%, while the 200-Day Moving Average is calculated to be -23.58%.
Shares Statistics:
The stock has traded on average 963.77K shares per day over the past 3-months and 823180 shares per day over the last 10 days, according to various share statistics. A total of 228.40M shares are outstanding, with a floating share count of 69.55M. Insiders hold about 69.55% of the company’s shares, while institutions hold 33.61% stake in the company. Shares short for LINE as of 1734048000 were 3198864 with a Short Ratio of 3.32, compared to 1731628800 on 3355274. Therefore, it implies a Short% of Shares Outstanding of 3198864 and a Short% of Float of 4.81.
Dividends & Splits
In the trailing 12 months, LINE’s forward annual dividend rate was 0.93, compared to 0.91 this year. Against a Trailing Annual Dividend Yield of 0.01631579
