The trading price of Lineage Inc (NASDAQ:LINE) floating lower at last check on current market day and closing at $43.28, -2.27% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $89.85 and a 52-week low of $44.00. Over the past month, the stock has lost -20.38% in value.
Lineage Inc, whose market valuation is $9.89 billion at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 3.32%, while its Forward Dividend ratio is 1.44. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that LINE’s price is currently -17.50% off the SMA20 and -23.03% off the SMA50. The RSI metric on the 14-day chart is currently showing 25.71, and weekly volatility stands at 7.56%. When measured over the past 30 days, the indicator reaches 5.66%. Lineage Inc (NASDAQ:LINE)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 2.71. With analysts defining $61-$78 as the low and high price targets, we arrive at a consensus price target of $72 for the trailing 12-month period. The current price is about -40.94% off the estimated low and -80.22% off the forecast high, based on this estimate. Investors will be thrilled if LINE’s share price rises to $72, which is the median consensus price. At that level, LINE’s share price would be -66.36% below current price.
To see how Lineage Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: LINE stock’s performance was -2.27% in the latest trading.
An evaluation of the daily trading volume of Lineage Inc (NASDAQ:LINE) indicates that the 3-month average is 1.14 million.
Currently, records show that 228.21 million of the company’s shares remain outstanding. The insiders hold 69.87% of outstanding shares, whereasinstitutions hold 30.54%. However, since the stock’s price has seen -26.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
