Landbridge Company LLC (NYSE: LB) is 18.05% higher on its value in year-to-date trading and has touched a low of $18.75 and a high of $84.70 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 LB stock was last observed hovering at around $78.51 in the last trading session, with the day’s loss setting it -2.25%.
Currently trading at $76.26, the stock is 6.16% and 7.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -2.87% at the moment leaves the stock 40.85% off its SMA200. LB registered a gain of 79.35% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $70.6796 and a 200-day simple moving average (SMA200) of $54.14278.
The stock witnessed a 17.79% loss in the last 1 month and extending the period to 3 months gives it a 30.31%, and is -4.29% 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 5.77% over the week and 6.97% over the month.
Fwd P/E is 35.69. Profit margin for the company is -38.07%. Distance from 52-week low is 306.72% and -9.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.12%).
The EPS is expected to grow by 98.11% this year
154.0 institutions hold shares in Landbridge Company LLC (LB), with institutional investors hold 87.41% of the company’s shares. The shares outstanding are 23.26M, and float is at 22.60M with Short Float at 19.86%. Institutions hold 84.95% of the Float.
Landbridge Company LLC (LB) Insider Activity
The most recent transaction is an insider purchase by Chase Valerie, the company’s Director. SEC filings show that Chase Valerie bought 2,925 shares of the company’s common stock on Jul 01 ’24 at a price of $17.00 per share for a total of $49725.0. Following the purchase, the insider now owns 2925.0 shares.
Landbridge Company LLC disclosed in a document filed with the SEC on Jul 01 ’24 that Daul Ty P. (Director) bought a total of 8,800 shares of the company’s common stock. The trade occurred on Jul 01 ’24 and was made at $17.00 per share for $0.15 million. Following the transaction, the insider now directly holds 8800.0 shares of the LB stock.
Still, SEC filings show that on Jul 01 ’24, WATSON CHARLES L. (Director) acquired 117,600 shares at an average price of $17.00 for $2.0 million. The insider now directly holds 117,600 shares of Landbridge Company LLC (LB).
