Lineage Cell Therapeutics Inc (AMEX: LCTX) is 18.35% higher on its value in year-to-date trading and has touched a low of $0.84 and a high of $1.61 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 LCTX stock was last observed hovering at around $1.15 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $1.29, the stock is -4.16% and 6.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.31 million and changing 12.17% at the moment leaves the stock 6.75% off its SMA200. LCTX registered -5.84% loss for a year compared to 6-month loss of 0.00%.
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The stock witnessed a 10.26% gain in the last 1 month and extending the period to 3 months gives it a 16.22%, and is -4.44% down 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 10.54% over the week and 9.57% over the month.
Lineage Cell Therapeutics Inc (LCTX) has around 75 employees, a market worth around $243.20M and $8.95M in sales. Profit margin for the company is -240.20%. Distance from 52-week low is 53.32% and -19.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.81%).
The EPS is expected to grow by 5.56% this year
The shares outstanding are 188.53M, and float is at 187.49M with Short Float at 5.55%.
Lineage Cell Therapeutics Inc (LCTX) Insider Activity
The most recent transaction is an insider purchase by BAILEY DON M, the company’s Director. SEC filings show that BAILEY DON M bought 96,155 shares of the company’s common stock on Feb 08 ’24 at a price of $1.04 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.16 million shares.
Lineage Cell Therapeutics Inc disclosed in a document filed with the SEC on Feb 06 ’24 that BROADWOOD PARTNERS, L.P. (Director) bought a total of 6,730,770 shares of the company’s common stock. The trade occurred on Feb 06 ’24 and was made at $1.04 per share for $7.0 million. Following the transaction, the insider now directly holds 41.67 million shares of the LCTX stock.
Still, SEC filings show that on Dec 29 ’23, Jayasuriya Anula (Director) acquired 10,000 shares at an average price of $1.09 for $10900.0. The insider now directly holds 10,000 shares of Lineage Cell Therapeutics Inc (LCTX).
