LSB Industries, Inc (NYSE:LXU) price on Friday, May 23, fall -0.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.32.
A look at the stock’s price movement, the close in the last trading session was $7.34. Turning to its 52-week performance, $10.40 and $4.88 were the 52-week high and 52-week low respectively. Overall, LXU moved 36.57% over the past month.
LSB Industries, Inc’s market cap currently stands at around $526.14 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 152.84M for the company’s revenue for the quarter, with a low and high estimate of 145M and 159.71M respectively. The average forecast suggests up to a 9.12% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 572.61M, representing a 9.61% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LXU is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 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 2 analyst(s) rate the stock as a Hold, 3 recommend LXU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 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.
LXU’s current price about 6.92% and 14.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.36, while 7-day volatility ratio is 1.74% and 2.80% in the 30-day chart. Further, LSB Industries, Inc (LXU) has a beta value of 1.22, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -36.61% off current price level while to achieve the yearly target high, price needs to move -36.61%. Nonetheless, investors will most likely welcome a -36.61% jump to $10 which is the analysts’ median price.
If we refocus on LSB Industries, Inc (NYSE:LXU), historical trading data shows that trading volumes averaged 496.62K over the past 3 months. The company’s latest data on shares outstanding shows there are 71.90 million shares.
The 26.83% of LSB Industries, Inc’s shares are in the hands of company insiders while institutional holders own 53.78% of the company’s shares. Current price change has pushed the stock -3.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LXU stock continues to rise going into the next quarter.
