Affinity Asset Advisors LLC has recently announced that it has increased stake in LianBio (NASDAQ:LIAN) by 18.18%. After grabbing 0.65 million shares, the institutional investor is now in possession of 100000.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.60% having worth around $1.2 million.
LianBio (LIAN) concluded trading on 03/15/23 at a closing price of $1.66, with 3.07 million shares of worth about $5.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.91% during that period and on Wednesday the price saw a loss of about -2.63%. Currently the company’s common shares owned by public are about 108.35M shares, out of which, 44.45M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the LIAN stock and their offered price forecasts bring an average price target of $7.98. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $2.92. The stock’s current price level is 79.2% above of average price target set by the analysts, while a rise to estimated low would result in gain of 43.15% for the stock. However, touching the estimated high of $15.00 would mean a gain of 88.93% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 1,238,491 shares in 5 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
T Rowe Price Health Sciences Fund, BlackRock Health Sciences Trust I, and BlackRock Global Funds – World He are the top 3 mutual funds which are holding stakes in LianBio T Rowe Price Health Sciences Fund is currently holding 2.12 million shares of worth totaling $3.91 million. The company recently came buying 2.12 million shares which brought its stake up to 1.95% of the company’s outstanding shares. BlackRock Global Funds – World He, after buying 0.41 million shares, have now control over 0.38% of the stake in the company. It holds 0.0 shares of worth $0.75 million.
LianBio (NASDAQ: LIAN) started trading at $1.70, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 1.7500, or with a loss of -2.63%. Stock saw a price change of -9.02% in past 5 days and over the past one month there was a price change of -23.97%. Year-to-date (YTD), LIAN shares are showing a performance of 1.52% which decreased to -44.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.07 but also hit the highest price of $6.24 during that period. The average intraday trading volume for LianBio shares is 210.92K. The stock is currently trading -12.76% below its 20-day simple moving average (SMA20), while that difference is down -22.71% for SMA50 and it goes to -20.89% lower than SMA200.
Affinity Asset Advisors LLC acquired 0.65 million shares of LianBio having value of about $1.2 million. Data submitted at the U.S SEC by Affinity Asset Advisors LLC revealed that the firm now holds 100000.0 shares in the company valued at close to $166000.0, or have control over 18.18% stake in the company. LianBio (NASDAQ: LIAN) currently have 108.35M outstanding shares and institutions hold larger chunk of about 78.10% of that. Holding of mutual funds in the company is about 53.12% while other institutional holders and individual stake holders have control over 65.09% and 3.41% of the stake respectively.
The stock has a current market capitalization of $191.79M. It has posted earnings per share of -$1.05 in the same period. It has Quick Ratio of 14.70 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LIAN, volatility over the week remained 14.01% while standing at 10.91% over the month.
Analysts are in expectations that LianBio (LIAN) stock would likely to be making an EPS of -$0.27 in the current quarter, while forecast for next quarter EPS is -$0.3 and it is -$1.33 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.44 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -40.60% while it is estimated to decrease by -6.40% in next year.
Analysts at 4 brokerage firms have issued recommendations for the LianBio (LIAN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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