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Liquidia Corp (LQDA) Is Now En Route to Higher Prices

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Liquidia Corp (NASDAQ: LQDA) is 30.26% higher on its value in year-to-date trading and has touched a low of $5.71 and a high of $16.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LQDA stock was last observed hovering at around $16.73 in the last trading session, with the day’s loss setting it -1.06%.

Currently trading at $15.67, the stock is 6.17% and 11.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -6.34% at the moment leaves the stock 70.20% off its SMA200. LQDA registered 127.43% gain for a year compared to 6-month gain of 145.42%. The firm has a 50-day simple moving average (SMA 50) of $63.54 and a 200-day simple moving average (SMA200) of -$15.86.

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The stock witnessed a 9.43% loss in the last 1 month and extending the period to 3 months gives it a 39.04%, and is 0.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.34% over the week and 5.34% over the month.

Liquidia Corp (LQDA) has around 136 employees, a market worth around $1.19B and $17.49M in sales. Profit margin for the company is -448.89%. Distance from 52-week low is 174.43% and -7.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-158.09%).

Liquidia Corp quarterly earnings per share for the current quarter are estimated at -$0.31 with sales reaching $4.48M over the same period.The EPS is expected to grow by 7.59% this year, but quarterly earnings will post 234.50% year-over-year. Quarterly sales are estimated to shrink -0.30% in year-over-year returns.

Liquidia Corp (LQDA) Top Institutional Holders

157 institutions hold shares in Liquidia Corp (LQDA), with institutional investors hold 58.58% of the company’s shares. The shares outstanding are 68.63M, and float is at 55.63M with Short Float at 11.26%. Institutions hold 51.30% of the Float.

The top institutional shareholder in the company is Caligan Partners, LP with over 9.24 million shares valued at $72.56 million. The investor’s holdings represent 14.28% of the LQDA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.29 million shares valued at $25.85 million to account for 5.09% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.75 million shares representing 4.24% and valued at over $21.57 million, while Kynam Capital Management, LP holds 2.54% of the shares totaling 1.64 million with a market value of $12.89 million.

Liquidia Corp (LQDA) Insider Activity

The most recent transaction is an insider sale by JEFFS ROGER,the company’sChief Executive Officer. SEC filings show that JEFFS ROGER sold 28,583 shares of the company’s common stock on Mar 18 ’24 at a price of $15.82 per share for a total of $0.45 million. Following the sale, the insider now owns 0.84 million shares.

Liquidia Corp disclosed in a document filed with the SEC on Mar 18 ’24 that Kaseta Michael (CFO and COO) sold a total of 12,166 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $15.82 per share for $0.19 million. Following the transaction, the insider now directly holds 0.32 million shares of the LQDA stock.

Still, SEC filings show that on Mar 18 ’24, Schundler Russell (General Counsel) disposed off 8,653 shares at an average price of $15.82 for $0.14 million. The insider now directly holds 488,087 shares of Liquidia Corp (LQDA).

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