Liberty Latin America Ltd. (NASDAQ:LILA) is among the top losers of the stock market today, sinking -3.66% or (-0.71 points) to $18.67 from its previous close of $19.38. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 113651 contracts so far this session. LILA shares had a relatively better volume day versus average trading capacity of 199.27 thousand shares, but with a 0.16 billion float and a 3.64% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LILA stock indicates that the average analyst price target is $21.98 per share. This means the stock has a potential increase of 17.73% from where the LILA share price has been trading recently which is between $18.37 and $19.43. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $19. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $28.
During the recent trading session for Liberty Latin America Ltd. (NASDAQ:LILA), the company witnessed their stock rise $0.03 over a week and surge $1.46 from the price 20 days ago. When compared to their established 52-week high of $21.9, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/04/19. The recent low of $13.96 stood for a -14.73% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 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. At the moment, the median target price for LILA is set at $23.5, a figure which is above the recent 1-year high the stock witnessed.
Looking at the current readings for Liberty Latin America Ltd., the two-week RSI stands at 50.69. This figure suggests that LILA 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 LILA readings is similarly very revealing as it has a stochastic reading of 62.36% at this stage. This figure means that LILA share price today is being neutral.
Technical chart claims that Liberty Latin America Ltd. (LILA) would settle between $19.75/share to $20.12/share level. However, if the stock price goes below the $18.69 mark, then the market for Liberty Latin America Ltd. becomes much weaker. If that happens, the stock price might even plunge as low as $18 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.15. 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 Barclays raised their recommendation on shares of LILA from Underweight to Equal Weight in their opinion released on October 17. The Benchmark Company, analysts launched coverage of Liberty Latin America Ltd. (NASDAQ:LILA) stock with a Buy recommendation, according to their flash note issued to investors on July 25. Analysts at Macquarie released an upgrade from Neutral to Outperform for the stock, in a research note that dated back to April 04.
Moving on, LILA stock price is currently trading at 1938X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 26.1. Liberty Latin America Ltd. current P/B ratio of 1.2 means it is trading at a discount against its industry’s 1.6.
Liberty Latin America Ltd. (LILA)’s current-quarter revenues are projected to climb by nearly 2.4% to hit $971550, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 4.6% from $3.71 billion to a noteworthy $3.87 billion. At the other end of the current quarter income statement, Liberty Latin America Ltd. is expected to see its adjusted earnings surge by roughly 101.2% to hit $0.02 per share. For the fiscal year, LILA’s earnings are projected to climb by roughly 72.2% to hit $-0.65 per share.