Lionsgate Studios Corp (NASDAQ:LION) price on Friday, April 11, fall -3.08% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.30.
A look at the stock’s price movement, the close in the last trading session was $6.50, moving within a range at $6.27 and $6.65. Turning to its 52-week performance, $12.84 and $5.98 were the 52-week high and 52-week low respectively. Overall, LION moved -16.67% over the past month.
Lionsgate Studios Corp’s market cap currently stands at around $1.82 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-05.
Analysts have a consensus estimate of 964.35M for the company’s revenue for the quarter, with a low and high estimate of 948.7M and 980M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LION is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend LION as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LION’s current price about -13.84% and -19.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.91, while 7-day volatility ratio is 9.94% and 6.04% in the 30-day chart. Further, Lionsgate Studios Corp (LION) has a beta value of 0.04, and an average true range (ATR) of 0.46. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is -42.86% off current price level while to achieve the yearly target high, price needs to move -42.86%. Nonetheless, investors will most likely welcome a -42.86% jump to $9 which is the analysts’ median price.
If we refocus on Lionsgate Studios Corp (NASDAQ:LION), historical trading data shows that trading volumes averaged 0.42 over the past 10 days and 322.85K over the past 3 months. The company’s latest data on shares outstanding shows there are 288.68 million shares.
The 88.20% of Lionsgate Studios Corp’s shares are in the hands of company insiders while institutional holders own 9.19% of the company’s shares. Current price change has pushed the stock -17.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LION stock continues to rise going into the next quarter.
