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The closing price of Liberty Energy Inc (NYSE: LBRT) was $24.15 for the day, up 1.98% from the previous closing price of $23.68. In other words, the price has increased by $1.98 from its previous closing price. On the day, 2.35 million shares were traded. LBRT stock price reached its highest trading level at $24.43 during the session, while it also had its lowest trading level at $23.79.
Ratios:
Our analysis of LBRT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 132.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.20.
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, TD Cowen on July 19, 2024, Reiterated its Hold rating but revised its target price to $20 from $21 previously.
On May 29, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $24 to $32.
TD Cowen reiterated its Hold rating for the stock on April 19, 2024, while the target price for the stock was revised from $19 to $21.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 11 ’24 when Stock Michael sold 4,374 shares for $21.01 per share. The transaction valued at 91,913 led to the insider holds 785,207 shares of the business.
Wright Christopher A sold 20,000 shares of LBRT for $412,800 on Jul 03 ’24. The Chairman of the Board and CEO now owns 2,738,813 shares after completing the transaction at $20.64 per share. On Jul 02 ’24, another insider, Wright Christopher A, who serves as the Chairman of the Board and CEO of the company, sold 20,000 shares for $20.26 each. As a result, the insider received 405,200 and left with 2,758,813 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, LBRT now has a Market Capitalization of 3992767744 and an Enterprise Value of 4353328128. As of this moment, Liberty’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.64, and their Forward P/E ratio for the next fiscal year is 9.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 0.962 whereas that against EBITDA is 4.119.
Stock Price History:
Over the past 52 weeks, LBRT has reached a high of $24.75, while it has fallen to a 52-week low of $15.57. The 50-Day Moving Average of the stock is 10.10%, while the 200-Day Moving Average is calculated to be 17.28%.
Shares Statistics:
LBRT traded an average of 2.39M shares per day over the past three months and 2855200 shares per day over the past ten days. A total of 166.61M shares are outstanding, with a floating share count of 159.59M. Insiders hold about 3.48% of the company’s shares, while institutions hold 104.89% stake in the company. Shares short for LBRT as of 1721001600 were 15736020 with a Short Ratio of 6.59, compared to 1718323200 on 14398820. Therefore, it implies a Short% of Shares Outstanding of 15736020 and a Short% of Float of 13.700000000000001.
Dividends & Splits
With its trailing 12-month dividend rate of 0.26, LBRT has a forward annual dividend rate of 0.26. Against a Trailing Annual Dividend Yield of 0.010979729
