For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Lineage Inc (NASDAQ: LINE) closed the day trading at $62.57 down -1.17% from the previous closing price of $63.31. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 0.97 million shares were traded. LINE stock price reached its highest trading level at $65.5739 during the session, while it also had its lowest trading level at $62.43.
Ratios:
For a better understanding of LINE, let’s 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 this company, CapitalOne on September 18, 2024, initiated with a Overweight rating and assigned the stock a target price of $91.
On September 16, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $91.
On August 19, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $86.Wells Fargo initiated its Equal Weight rating on August 19, 2024, with a $86 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 15774272512 and an Enterprise Value of 22446721024. Its current Enterprise Value per Revenue stands at 4.21 whereas that against EBITDA is 20.419.
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 $62.50. The 50-Day Moving Average of the stock is -12.95%, while the 200-Day Moving Average is calculated to be -19.29%.
Shares Statistics:
Over the past 3-months, LINE traded about 1.06M shares per day on average, while over the past 10 days, LINE traded about 944200 shares per day. A total of 228.40M shares are outstanding, with a floating share count of 69.04M. Shares short for LINE as of 1731628800 were 3355274 with a Short Ratio of 3.16, compared to 1728950400 on 3356092. Therefore, it implies a Short% of Shares Outstanding of 3355274 and a Short% of Float of 5.050000000000001.
Dividends & Splits
LINE’s forward annual dividend rate is 0.38, up from 0.93 a year ago. Against a Trailing Annual Dividend Yield of 0.014689622
