Today’s big question for investors is, “what’s going on with Limbach Holdings, Inc. (NASDAQ:LMB) stock? Its price is jumping 0.85 points, trading at $10.65 levels, and is up 8.72% from its previous close of $9.8. The shares seem to have an active trading volume day with a reported 202219 contracts so far this session. LMB shares had a relatively better volume day versus average trading capacity of 43.31 million shares, but with a 4.9 million float and a 11.36% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LMB stock indicates that the average analyst price target is $10 per share. This means the stock has a potential decrease of -6.1% from where the LMB share price has been trading recently which is between $7.56 and $9.99. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $10.
The shorts are running away from Limbach Holdings, Inc. (LMB) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a drop in short interest in LMB shares. While short interest still represents only 1.03% of LMB’s float, the number of shares shorted have fallen by -13977. The number of shares shorted fell to 36391 shares, down from 50368 shares during the preceding fortnight. With average daily trading volumes at 91801 shares, days to cover decreased to about 2.734716 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “The Zacks Analyst Blog Highlights: Limbach, Health Insurance, Fibrocell, Camden and First Business” and dated May 16, 2019.
During the recent trading session for Limbach Holdings, Inc. (NASDAQ:LMB), the company witnessed their stock rise $1.79 over a week and surge $1.73 from the price 20 days ago. When compared to their established 52-week high of $12.43, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/25/18. The recent low of $3.56 stood for a -14.28% since 12/31/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.85 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Limbach Holdings, Inc., the two-week RSI stands at 72.7. This figure suggests that LMB stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current LMB readings is similarly very revealing as it has a stochastic reading of 69.92% at this stage. This figure means that LMB share price today is being neutral.
Technical chart claims that Limbach Holdings, Inc. (LMB) would settle between $10.67/share to $11.55/share level. However, if the stock price goes below the $8.24 mark, then the market for Limbach Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $6.69 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.63. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at ROTH Capital raised their recommendation on shares of LMB from Neutral to Buy in their opinion released on April 17. ROTH Capital analysts have lowered their rating of Limbach Holdings, Inc. (NASDAQ:LMB) stock from Buy to Neutral in a separate flash note issued to investors on November 21. Analysts at ROTH Capital, made their first call for the equity with a Buy recommendation, according to a research note that dated back to March 06.
LMB equity has an average rating of 1.5, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Limbach Holdings, Inc. (NASDAQ:LMB) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, LMB stock price is currently trading at 7.66X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.21 while for the average stock in the same group, the multiple is 1.42.
Limbach Holdings, Inc. (LMB)’s current-quarter revenues are projected to climb by nearly -0.38% to hit $139000, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 2.92% from $546530 to a noteworthy $562500. At the other end of the current quarter income statement, Limbach Holdings, Inc. is expected to see its adjusted earnings surge by roughly 77.78% to hit $0.16 per share. For the fiscal year, LMB’s earnings are projected to climb by roughly 251.92% to hit $0.79 per share.