Stay Ahead of Wall Street. Find out what is happening to Leap Therapeutics, Inc. (NASDAQ:LPTX) stock today? Its price is nose-diving -0.04 points, trading at $1.63 levels, and is down -2.4% from its previous close of $1.67. The shares seem to have an active trading volume day with a reported 81732 contracts so far this session. LPTX shares had a relatively better volume day versus average trading capacity of 541.07 thousand shares, but with a 21.24 million float and a -0.6% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LPTX stock indicates that the average analyst price target is $4.58 per share. This means the stock has a potential increase of 180.98% from where the LPTX share price has been trading recently.
During the recent trading session for Leap Therapeutics, Inc. (NASDAQ:LPTX), the company witnessed their stock drop by $-0.12 over a week and surge $0.87 from the price 20 days ago. When compared to their established 52-week high of $3.48, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/17/19. The recent low of $0.57 stood for a -53.23% since 11/14/19, 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.
Looking at the current readings for Leap Therapeutics, Inc., the two-week RSI stands at 63.95. This figure suggests that LPTX 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 LPTX readings is similarly very revealing as it has a stochastic reading of 63.98% at this stage. This figure means that LPTX share price today is being neutral.
Technical chart claims that Leap Therapeutics, Inc. (LPTX) would settle between $1.77/share to $1.88/share level. However, if the stock price goes below the $1.58 mark, then the market for Leap Therapeutics, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.5 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.08. 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 Raymond James lowered their recommendation on shares of LPTX from Outperform to Mkt Perform in their opinion released on November 15. Raymond James, analysts launched coverage of Leap Therapeutics, Inc. (NASDAQ:LPTX) stock with a Outperform recommendation, according to their flash note issued to investors on September 13. Analysts at Ladenburg Thalmann, made their first call for the equity with a Buy recommendation, according to a research note that dated back to March 07.
LPTX equity has an average rating of 2, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 3 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. 3 analysts rated Leap Therapeutics, Inc. (NASDAQ:LPTX) 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.