The stock of LumiraDx Limited (LMDX) has seen a 48.35% increase in the past week, with a 45.16% gain in the past month, and a -67.86% decrease in the past quarter. The volatility ratio for the week is 29.93%, and the volatility levels for the past 30 days are at 23.38% for LMDX. The simple moving average for the last 20 days is 18.72% for LMDX stock, with a simple moving average of -73.15% for the last 200 days.
Is It Worth Investing in LumiraDx Limited (NASDAQ: LMDX) Right Now?
Additionally, the 36-month beta value for LMDX is 1.58. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for LMDX is $1.13, which is $0.99 above the current price. The public float for LMDX is 49.43M and currently, short sellers hold a 5.97% ratio of that float. The average trading volume of LMDX on November 20, 2023 was 10.44M shares.
LMDX) stock’s latest price update
LumiraDx Limited (NASDAQ: LMDX)’s stock price has plunge by 0.00relation to previous closing price of 0.14. Nevertheless, the company has seen a 48.35% surge in its stock price over the last five trading sessions. PennyStocks reported 2023-11-17 that When it comes to finding penny stocks to buy, there are plenty of things you’ll need to make note of. Sure, broader stock market news trends don’t directly influence cheap stocks.
Analysts’ Opinion of LMDX
Many brokerage firms have already submitted their reports for LMDX stocks, with Evercore ISI repeating the rating for LMDX by listing it as a “Outperform.” The predicted price for LMDX in the upcoming period, according to Evercore ISI is $20 based on the research report published on November 15, 2021 of the previous year 2021.
LMDX Trading at -26.66% from the 50-Day Moving Average
After a stumble in the market that brought LMDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.61% of loss for the given period.
Volatility was left at 23.38%, however, over the last 30 days, the volatility rate increased by 29.93%, as shares surge +51.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.29% lower at present.
During the last 5 trading sessions, LMDX rose by +48.35%, which changed the moving average for the period of 200-days by -87.10% in comparison to the 20-day moving average, which settled at $0.1160. In addition, LumiraDx Limited saw -85.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LMDX
Current profitability levels for the company are sitting at:
- -126.32 for the present operating margin
- -14.65 for the gross margin
The net margin for LumiraDx Limited stands at -176.59. The total capital return value is set at -81.99, while invested capital returns managed to touch -116.74. Equity return is now at value -1752.89, with -74.22 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.77, with the company’s debt to enterprise value settled at 0.72. The receivables turnover for the company is 2.81 and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.06.
In conclusion, LumiraDx Limited (LMDX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.