Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $59.17 in the prior trading day, Landbridge Company LLC (NYSE: LB) closed at $57.60, down -2.65%. In other words, the price has decreased by -$2.65 from its previous closing price. On the day, 0.51 million shares were traded. LB stock price reached its highest trading level at $58.81 during the session, while it also had its lowest trading level at $56.62.
Ratios:
Our goal is to gain a better understanding of LB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 2.86 whereas as Long-Term Debt/Eq ratio is at 2.49.
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, Janney on July 25, 2024, initiated with a Buy rating and assigned the stock a target price of $36.
On July 24, 2024, Johnson Rice started tracking the stock assigning a Buy rating and target price of $35.
On July 23, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $34.Wells Fargo initiated its Overweight rating on July 23, 2024, with a $34 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 01 ’24 when Chase Valerie bought 2,925 shares for $17.00 per share. The transaction valued at 49,725 led to the insider holds 2,925 shares of the business.
Daul Ty P. bought 8,800 shares of LB for $149,600 on Jul 01 ’24. The Director now owns 8,800 shares after completing the transaction at $17.00 per share. On Jul 01 ’24, another insider, WATSON CHARLES L., who serves as the Director of the company, bought 117,600 shares for $17.00 each. As a result, the insider paid 1,999,200 and bolstered with 117,600 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, LB now has a Market Capitalization of 4213532160 and an Enterprise Value of 1574048000. Its current Enterprise Value per Revenue stands at 17.314 whereas that against EBITDA is -76.989.
Stock Price History:
Over the past 52 weeks, LB has reached a high of $80.82, while it has fallen to a 52-week low of $18.75. The 50-Day Moving Average of the stock is -6.41%, while the 200-Day Moving Average is calculated to be 26.20%.
Shares Statistics:
The stock has traded on average 438.92K shares per day over the past 3-months and 445360 shares per day over the last 10 days, according to various share statistics. A total of 17.43M shares are outstanding, with a floating share count of 16.77M. Insiders hold about 3.76% of the company’s shares, while institutions hold 89.58% stake in the company. Shares short for LB as of 1732838400 were 2220233 with a Short Ratio of 5.06, compared to 1730332800 on 1104841. Therefore, it implies a Short% of Shares Outstanding of 2220233 and a Short% of Float of 12.740000000000002.
