Lionsgate Studios Corp (NYSE:LION) shares, rose in value on Thursday, May 08, with the stock price down by -4.42% to the previous day’s close as strong demand from buyers drove the stock to $7.79.
Actively observing the price movement in the last trading, the stock closed the session at $8.15. Referring to stock’s 52-week performance, its high was $12.97, and the low was $6.04. On the whole, LION has fluctuated by 22.77% over the past month.
With the market capitalization of Lionsgate Studios Corp currently standing at about $2.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.95B, with a low estimate of 1.09B and a high estimate of 1.4B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.19B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LION’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of LION currently trading nearly 12.58% and 5.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.11, while the 7-day volatility ratio is showing 8.91% which for the 30-day chart, stands at 6.13%. Furthermore, Lionsgate Studios Corp (LION)’s beta value is -0.04, and its average true range (ATR) is 0.50.
A comparison of Lionsgate Studios Corp (LION) with its peers suggests the former has fared considerably weaker in the market. LION showed an intraday change of -4.42% in last session, and over the past year, it shrunk by -28.08%%.
Data on historical trading for Lionsgate Studios Corp (NYSE:LION) indicates that the trading volumes over the past 3 months, they’ve averaged 428.31K. According to company’s latest data on outstanding shares, there are 285.71 million shares outstanding.
Nearly 88.07% of Lionsgate Studios Corp’s shares belong to company insiders and institutional investors own 9.31% of the company’s shares. The stock has risen by 1.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LION stock heading into the next quarter.
