Lipocine Inc. (NASDAQ:LPCN) price is hovering lower on Tuesday, Jan 05, sinking -0.7% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $1.43, with intraday deals fluctuating between $1.3900 and $1.4900. The company’s 5Y monthly beta was ticking 0.75 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.39 and 52-week low of $0.3. The stock lost -5.92% on its value in the past month.
Lipocine Inc., which has a market valuation of $90.43 Million, is expected to release its quarterly earnings report Mar 11, 2021- Mar 15, 2021. The company stock has a Forward Dividend ratio of 0, while the dividend yield is 0. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking LPCN have forecast the quarterly EPS to grow by -$0.06 per share this quarter, while the same analysts predict the annual EPS to hit -$0.37 for the year 2021 and up to -$0.26 for 2022. In this case, analysts estimate an annual EPS growth of -0.26% for the year and -0.3% for the next year.
On the technical perspective front, indicators give LPCN a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned LPCN a recommendation rating as follows: None rate it as a Hold; 2 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the Lipocine Inc. (LPCN) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that LPCN’s price is at present 0.39% off the SMA20 and 0.11% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.38, with weekly volatility standing at 7.03%. The indicator jumps to 8.03% when calculated based on the past 30 days. Lipocine Inc. (NASDAQ:LPCN)’s beta value is holding at 0.75, while the average true range (ATR) indicator is currently reading 0.11. Considering analysts have assigned the stock a price target range of $3-$10 as the low and high respectively, we find the trailing 12-month average consensus price target to be $5.33. Based on this estimate, we see that today’s price at last check is roughly 111.27% off the estimated low and 604.23% off the forecast high. Investors will no doubt be excited to see the share price rise to $3, which is the median consensus price, and at that level LPCN would be +111.27% from recent price.
Turning out attention to how the Lipocine Inc. stock has performed in comparison to its peers in the industry, here’s what we find: LPCN’s stock is -0.7% on the day and +248.78% in the past 12 months, while Zoetis Inc Cl A (ZTS) traded -0.15% in the latest session and is positioned +21.94% up on its price 12 months ago. Another comparison is with Takeda Pharmaceutical CO Ltd (TAK) whose stock price is down -1.06% in the current trading session, but has tanked -9.14% over the past year. Also, Catalent Inc (CTLT) is currently showing downtrend of -0.7% while its price kept floating at 248.78% over the past year. As for Lipocine Inc., the P/E ratio stands at 0 lower than that of Zoetis Inc Cl A’s at 46.97 and Takeda Pharmaceutical CO Ltd’s 22.17. Elsewhere in the market, the S&P 500 Index has rallied 0.34% in today’s early trading, with the Dow Jones Industrial also seeing a positive session so far with +0.21%.
An analysis of the Lipocine Inc. (NASDAQ:LPCN) stock in terms of its daily trading volume indicates that the 3-month average is 2.12 Million. However, this figure increases on the past 10-day timeline to an average of 2.38 Million.
Curent records show that the company has 65.69 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 3.31% of outstanding shares while the percentage share held by institutions stands at 10.99%. The stats also highlight that short interest as of December 14, 2020, stood at 4.52 Million shares, which puts the short ratio at the time at 1.18. From this we can glean that short interest is 6.88% of company’s current outstanding shares. Notably, we see that shares short in December rose slightly given the previous month’s figure stood at 3.99 Million. But the +5.15% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
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