The stock has a 36-month beta value of 0.65. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for LUNG is 35.39M, and at present, short sellers hold a 4.73% of that float. On October 11, 2024, the average trading volume of LUNG was 299.76K shares.
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LUNG) stock’s latest price update
Pulmonx Corp (NASDAQ: LUNG)’s stock price has gone decline by -5.43 in comparison to its previous close of 6.82, however, the company has experienced a -11.76% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-09 that CONVERT trial data demonstrate AeriSeal® System is safe and effective with 77.6% of patients converted from CV+ to CV-
LUNG’s Market Performance
Pulmonx Corp (LUNG) has seen a -11.76% fall in stock performance for the week, with a -16.77% decline in the past month and a -13.07% plunge in the past quarter. The volatility ratio for the week is 4.99%, and the volatility levels for the past 30 days are at 5.30% for LUNG. The simple moving average for the past 20 days is -17.43% for LUNG’s stock, with a -27.16% simple moving average for the past 200 days.
Analysts’ Opinion of LUNG
Many brokerage firms have already submitted their reports for LUNG stocks, with Lake Street repeating the rating for LUNG by listing it as a “Buy.” The predicted price for LUNG in the upcoming period, according to Lake Street is $12 based on the research report published on June 04, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see LUNG reach a price target of $14, previously predicting the price at $16. The rating they have provided for LUNG stocks is “Equal Weight” according to the report published on February 23rd, 2024.
Craig Hallum gave a rating of “Buy” to LUNG, setting the target price at $18 in the report published on September 05th of the previous year.
LUNG Trading at -10.17% from the 50-Day Moving Average
After a stumble in the market that brought LUNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.52% of loss for the given period.
Volatility was left at 5.30%, however, over the last 30 days, the volatility rate increased by 4.99%, as shares sank -21.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.66% lower at present.
During the last 5 trading sessions, LUNG fell by -11.76%, which changed the moving average for the period of 200-days by -49.17% in comparison to the 20-day moving average, which settled at $7.81. In addition, Pulmonx Corp saw -49.41% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LUNG starting from French Glendon E. III, who sale 20,000 shares at the price of $8.09 back on Sep 12 ’24. After this action, French Glendon E. III now owns 1,111,974 shares of Pulmonx Corp, valued at $161,800 using the latest closing price.
GLENDON FRENCH, the Director of Pulmonx Corp, proposed sale 20,000 shares at $7.75 during a trade that took place back on Sep 12 ’24, which means that GLENDON FRENCH is holding shares at $155,000 based on the most recent closing price.
Stock Fundamentals for LUNG
Current profitability levels for the company are sitting at:
- -0.75 for the present operating margin
- 0.74 for the gross margin
The net margin for Pulmonx Corp stands at -0.76. The total capital return value is set at -0.37. Equity return is now at value -49.22, with -31.64 for asset returns.
Based on Pulmonx Corp (LUNG), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.91. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -16.11.
Currently, EBITDA for the company is -59.99 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.2. The receivables turnover for the company is 6.46for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.96.
Conclusion
To sum up, Pulmonx Corp (LUNG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
