Considering all key technical indicators, a 56.% Buy signal has occurred for Lantheus Holdings, Inc. (NASDAQ:LNTH). The stock is also flashing a Hold from the Barchart TrendSpotter trading system. Traders hoping to speculate on the LNTH’s short-term trajectory should know that short terms indicators for the stock averaged 40% Buy with an average daily trading volume over the past 20 days at 298110 shares. LNTH stock has overall a 0.75% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 359128 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $24.47. Below this, the next support is placed in the zone of $24.15. Till the time, the LNTH stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 57.8 on daily chart, which may remain a cause for concern. If the price breaks below $24.15 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $25.29 mark may result into a pull-back move towards $25.79 level.
Lantheus Holdings, Inc. (LNTH) is projected to climb by -0.16 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $27-month high price target. This represents a whopping 8.91 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $25, which represents a return potential of 0.85 percent when compared to the closing price of the stock of $24.79 on Tuesday, April 16. The lowest price target for the stock is $22 — slightly more than -11.25 percent from LNTH’s current share price.
Here’s a rundown of insider trading activity for sense of Lantheus Holdings, Inc. (NASDAQ:LNTH). The earliest insider trade took place on 04/12/2019. Heino Mary Anne parted with a total of 15.8 thousand shares of company at average share price of $25.4. The total for the sales was set at $401.29 thousand. After this transaction, the President & CEO account balance stood at 684.4 thousand shares. The stock lost -2.4 percent since that insider sale. On 04/01/2019, SCHAFFER DERACE L, Director, sold 10 thousand shares at a price per share of $24.41. This removed 244.1 thousand shares from the insider’s fortune and the stock saw a 1.56 percent rally in value since the news became public. This transaction left 46.99 thousand shares in the Director account. On 03/06/2019, Director Robertson A Frederick performed a sale transaction worth $89.53 thousand. This sale at $22.77 each has eliminated 3.93 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 8.87 percent increase since the transaction was reported. The insider now is left with 43.06 thousand shares remaining in the account. Thrall James H, who performs the Director job, sold 3.5 thousand shares for $79.73 thousand. The disposal occurred on 03/06/2019 was priced at $22.78 per share. The share price soared 8.82 percent since the reporting date. Thrall James H now left with a stake of 9.76 thousand LNTH stock worth $242.05 thousand after the insider selling.
LNTH shares dropped -0.46 points or -1.82 percent on Tuesday to $24.79 with a light trade volume of 252.449 thousand shares. After opening the session at $25.39, the shares went as high as $25.4699 and as low as $24.65, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $944 million and now has 38.07 million shares outstanding. Lantheus Holdings, Inc. (LNTH) stock has gained 0.24 percent of market value in 21 trading days.
Analysts at Wells Fargo upped their rating on shares of Lantheus Holdings, Inc. (NASDAQ:LNTH) from Market Perform to Outperform in their opinion released on November 02. RBC Capital Mkts analysts again handed out a Outperform rating to LNTH stock but they lifted target price for the shares in a flash note to investors on November 08. The price target has been raised from $6 to $12. RBC Capital Mkts, analysts launched coverage of LNTH stock with a Outperform rating, according to their flash note to investors on November 08.
LNTH stock has a trailing 3-year beta of 1.55, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.03 a share in the trailing twelve months. The stock’s value has surged 58.4 percent year to date (YTD) against a rise of 50.7 percent in 12 month’s time. The company’s shares still trade -5.74 percent away from its 1-year high of $26.30 and 96.9 percent up from 52-week low of $12.59. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of Lantheus Holdings, Inc. (LNTH) are trading at a P/E ratio of 24.61 times earnings reported for the past 12 months. The industry LNTH operates in has an average P/E of 35.14. Its P/E ratio went as low as 10.49X and as high as 20.88 over the 5-year span. Further, it is sporting a 2.75 on the Price-to-Sales ratio. Compare this with the industry average P/S of 6.43. 50.9 percent is the gross profit margin for Lantheus Holdings, Inc. and operating margin sits at 18.8 percent. Along with this, the net profit margin is 11.8 percent.
LNTH will be declaring its Q1 financial results on May 06. Analysts are forecasting revenue to climb 4.7 percent to $86.55M in the next fiscal quarter, while earnings are seen soaring by nearly 13.64 percent to $0.25 per share. History has shown that shares in Lantheus Holdings, Inc. have gone up on 10 different earnings reaction days. In last reported earnings results, it earned $0.24 per share, better than the $0.14, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $86.27M, better than the $83.72M analysts expected. Earnings are estimated to increase by 4.7 percent this year, 12.8 percent next year and continue to increase by -4.82 percent annually for the next 5 years.
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