The stock of Lantheus Holdings, Inc. (NASDAQ:LNTH) is now priced at $13.48 and the shares are -1.17 points down or -7.99% lower compared to its previous closing price of $14.65. The stock had 1.577 million contracts set over the past session. LNTH shares’ daily volume is compared to its average trading volume at 663043 shares. However, it has a float of 39 million and although its performance was -14.63% over the week, it’s one to watch. Analysts have given the LNTH stock a yearly average price target of $21.25 per share. It means the stock’s upside potential is 57.64% with the LNTH share price recently placing at $13.1329 to $14.46. However, some brokerage firms have priced the stock below the average, including one that has called $16.
The shorts are running away from the Lantheus Holdings, Inc. stock, with the latest data on short interest released on July 15, 2020, showing that short interest numbers in the LNTH shares have declined. Short interest in the stock represents just 5.85% of its float, but the volume has dropped by -895107. The volume of shorted shares dropped to 2.283 million from 3.178 million shares over the last two weeks. The average intraday trading volume has been 563158 shares, which means that days to cover moved to roughly 4.053422.
In the last trading session, Lantheus Holdings, Inc. (NASDAQ:LNTH) dropped by -$2.31 over the week and lost -$1.08 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $27.12. The stock recorded its established 52-week high on 09/24/19.
Since 03/18/20, the stock has traded to a low of $8.67 at 55.48%, 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 1.25. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Lantheus Holdings, Inc.’s two-week RSI is 37.5. This suggests that the stock is neutral at the moment and that LNTH shares’ price movement remains stable. The stochastic readings are equally revealing at 33.21% meaning the LNTH share price is currently in neutral territory.
The technical chart shows that the LNTH stock will likely settle at between $14.25 and $15.02 per share. However, if the stock dips below $12.92, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $12.36.
Currently, the stock is trading in the red of MACD, with a reading of -0.74. 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 Maxim Group assigned LNTH a rating of Buy in their resuming review released on June 29. CJS Securities analysts upgraded their recommendation of the stock from Market Perform to Market Outperform in a flash note released to investors on August 16. Wells Fargo seeing the improvements upgraded the stock from Market Perform to Outperform on November 02.
The average rating for the LNTH equity is 2.33 and is currently gathering a bullish momentum. Of 4 analysts tracking Lantheus Holdings, Inc. polled by Reuters, 1 rated LNTH as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the LNTH stock price is 11.36X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 23.6 below the group’s average of 62.3. Lantheus Holdings, Inc. has its P/E ratio at 8.3, which means that the stock is currently trading at a premium relative to the 6 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Lantheus Holdings, Inc. (NASDAQ:LNTH) will decrease by about -99.9%, which will see them reach $86.98 million. The company’s full-year revenues are, however, expected to diminish by about -2.46%, down from $347.34 million to $338.8 million. LNTH’s expected adjusted earnings should drop almost -89.29% to end up at $0.03 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -57.26% to record $0.5/share.