The stock of Lumber Liquidators Holdings, Inc. (NYSE:LL) is now priced at $21.88 and the shares are -1.24 points down or -5.36% lower compared to its previous closing price of $23.12. The stock had 1.554 million contracts set over the past session. LL shares’ daily volume is compared to its average trading volume at 1.207 million shares. However, it has a float of 27.48 million and although its performance was 13.37% over the week, it’s one to watch. Analysts have given the LL stock a yearly average price target of $10.2 per share. It means the stock’s downside potential is -53.38% with the LL share price recently placing at $21.64 to $23.45. However, some brokerage firms have priced the stock below the average, including one that has called $8.
The shorts are running away from the Lumber Liquidators Holdings, Inc. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the LL shares have declined. Short interest in the stock represents just 11.63% of its float, but the volume has dropped by 0.
In the last trading session, Lumber Liquidators Holdings, Inc. (NYSE:LL) raised by $2.58 over the week and gained $7.96 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $23.45. The stock recorded its established 52-week high on 07/28/20.
Since 03/19/20, the stock has traded to a low of $3.77 at 480.37%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.56. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Lumber Liquidators Holdings, Inc.’s two-week RSI is 77.85. This suggests that the stock is oversold at the moment and that LL shares’ price movement remains not stable. The stochastic readings are equally revealing at 93.33% meaning the LL share price is currently in oversold territory.
The technical chart shows that the LL stock will likely settle at between $23.01 and $24.13 per share. However, if the stock dips below $21.2, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $20.51.
Currently, the stock is trading in the green of MACD, with a reading of 1.77. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Loop Capital raised their recommendation for LL from Hold to Buy in July 14 review while maintain their target price of $11 to $18. Morgan Stanley analysts downgraded their recommendation of the stock from Equal-Weight to Underweight while keeping its target price at $9 to $5 in a flash note released to investors on January 21. Raymond James seeing the improvements upgraded the stock from Mkt Perform to Outperform on May 01, placing it at $16.
The average rating for the LL equity is 3.14 and is currently gathering a bearish momentum. Of 6 analysts tracking Lumber Liquidators Holdings, Inc. polled by Reuters, 4 rated LL as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the LL stock price is 54.7X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 24.9below the group’s average of 26. Lumber Liquidators Holdings, Inc. has its P/E ratio at 3.8, which means that the stock is currently trading at a discount relative to the 384.8 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Lumber Liquidators Holdings, Inc. (NYSE:LL) will decrease by about -99.92%, which will see them reach $220.75 million. The company’s full-year revenues are, however, expected to diminish by about -10.25%, down from $1090 million to $978.3 million. LL’s expected adjusted earnings should drop almost -357.14% to end up at -$0.18 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -25.86% to record $0.43/share.