An interesting stock that came up in some of our conversations today is Lantheus Holdings, Inc. (NASDAQ:LNTH). At current price of $26.05, the shares have already added 0.81 points (3.21% higher) from its previous close of $25.24. Should you buy or avoid them? The stock sets an active trading volume day with a reported 118037 contracts so far this session. LNTH shares had a relatively better volume day versus average trading capacity of 372.96 thousand shares, but with a 37.2 million float and a 2.52% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LNTH stock indicates that the average analyst price target is $27.25 per share. This means the stock has a potential increase of 4.61% from where the LNTH share price has been trading recently which is between $24.46 and $26.32. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $26.
The shorts are climbing into Lantheus Holdings, Inc. (LNTH) stock. The latest set of short interest data was released on 31 May 2019, and the numbers show a rise in short interest in LNTH shares. While short interest still represents only 1.71% of LNTH’s float, the number of shares shorted have risen by 79061. The number of shares shorted advanced to 714815 shares, up from 635754 shares during the preceding fortnight. With average daily trading volumes at 483094 shares, days to cover decreased to about 1.540863 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Is It Time To Consider Buying Lantheus Holdings, Inc. (NASDAQ:LNTH)?” and dated June 11, 2019.
During the recent trading session for Lantheus Holdings, Inc. (NASDAQ:LNTH), the company witnessed their stock rise $0.75 over a week and surge $1.11 from the price 20 days ago. When compared to their established 52-week high of $26.4, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/07/19. The recent low of $12.59 stood for a -1.33% since 10/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.41 is also allocated to the stock. Since the beta is greater 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 Lantheus Holdings, Inc., the two-week RSI stands at 57.13. This figure suggests that LNTH stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current LNTH readings is similarly very revealing as it has a stochastic reading of 83.34% at this stage. This figure means that LNTH share price today is being oversold.
Technical chart claims that Lantheus Holdings, Inc. (LNTH) would settle between $26.22/share to $27.2/share level. However, if the stock price goes below the $24.36 mark, then the market for Lantheus Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $23.48 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.75. 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 Wells Fargo raised their recommendation on shares of LNTH from Market Perform to Outperform in their opinion released on November 02. RBC Capital Mkts analysts again handed out a Outperform recommendation to Lantheus Holdings, Inc. (NASDAQ:LNTH) stock but they lifted target price for the shares in a flash note issued to investors on November 08. The target price has been raised from $6 to $12. Analysts at Credit Suisse, made their first call for the equity with a Neutral recommendation, according to a research note that dated back to September 23.
LNTH equity has an average rating of 1.67, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 1 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 Lantheus Holdings, Inc. (NASDAQ:LNTH) 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, LNTH stock price is currently trading at 18.79X forward 12-month Consensus EPS estimates, and its P/S ratio is 2.13 while for the average stock in the same group, the multiple is 6.67. Lantheus Holdings, Inc. current P/E ratio of 25.32 means it is trading at a discount against its industry’s 32.13. In the past 5 years, this ratio for the stock has been fluctuating between 10.49 and 10.49.
Lantheus Holdings, Inc. (LNTH)’s current-quarter revenues are projected to climb by nearly 3.77% to hit $88.8 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 4.89% from $343370 to a noteworthy $360150. At the other end of the current quarter income statement, Lantheus Holdings, Inc. is expected to see its adjusted earnings surge by roughly 3.85% to hit $0.27 per share. For the fiscal year, LNTH’s earnings are projected to climb by roughly 2.65% to hit $1.16 per share.