The stock of Liberty Latin America Ltd. (NASDAQ:LILAK) is now priced at $10.23 and the shares are 0.25 points up or 2.51% higher compared to its previous closing price of $9.98. The stock had 1.586 million contracts set over the past session. LILAK shares’ daily volume is compared to its average trading volume at 1.169 million shares. However, it has a float of 0 million and although its performance was 10.95% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the LILAK share price recently placing at $9.78 to $10.57. However, some brokerage firms have priced the stock below the average, including one that has called $6.6.
The shorts are running away from the Liberty Latin America Ltd. stock, with the latest data on short interest released on July 15, 2020, showing that short interest numbers in the LILAK shares have declined. Short interest in the stock represents just 0% of its float, but the volume has dropped by -225808. The volume of shorted shares dropped to 4.617 million from 4.843 million shares over the last two weeks. The average intraday trading volume has been 937215 shares, which means that days to cover moved to roughly 4.926609.
In the last trading session, Liberty Latin America Ltd. (NASDAQ:LILAK) raised by $1.01 over the week and gained $1.06 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $19.95. The stock recorded its established 52-week high on 12/27/19.
Since 05/14/20, the stock has traded to a low of $8.02 at 27.56%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Liberty Latin America Ltd.’s two-week RSI is 59.2. This suggests that the stock is neutral at the moment and that LILAK shares’ price movement remains stable. The stochastic readings are equally revealing at 76.05% meaning the LILAK share price is currently in oversold territory.
The technical chart shows that the LILAK stock will likely settle at between $10.61 and $10.98 per share. However, if the stock dips below $9.82, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $9.4.
Currently, the stock is trading in the green of MACD, with a reading of 0.38. 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 LILAK a rating of Neutral in their intiating review released on April 03. Macquarie analysts downgraded their recommendation of the stock from Outperform to Neutral in a flash note released to investors on September 27. Pivotal Research Group analysts see the stock as Buy. Nonetheless, the analysts revised the share prices down on November 07, placing it at $26 from $45.
The average rating for the LILAK equity is 2 and is currently gathering a bullish momentum. Of 3 analysts tracking Liberty Latin America Ltd. polled by Reuters, 1 rated LILAK as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) 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 LILAK stock price is 40.92X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 20. Liberty Latin America Ltd. has its P/E ratio at 0.6, which means that the stock is currently trading at a discount relative to the 1.6 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Liberty Latin America Ltd. (NASDAQ:LILAK) will decrease by about -99.9%, which will see them reach $887.97 million. The company’s full-year revenues are, however, expected to diminish by about -3.1%, down from $3870 million to $3750 million. LILAK’s expected adjusted earnings should drop almost -40.63% to end up at -$0.38 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 125% to record -$0.99/share.