NewsBur
No Result
View All Result
Friday, January 15, 2021
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
Subscribe
Newsbur
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
No Result
View All Result
Newsbur
No Result
View All Result
Home Market News

Rally Watch as LMP Automotive Holdings Inc. [LMPX] Just Hit $35.09

by Shawn Johnson
October 12, 2020
in Market News
0
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

LMP Automotive Holdings Inc. [NASDAQ:LMPX] prices rallied 18.84% on Friday.

With a current price of $41.70, LMPX is active in the Auto & Truck Dealerships industry and it looks to be on-track for a five-day run of 17.95%.

In addition, LMPX’s high over the last year is $49.30 and the low is $3.28 while the S&P 500 is trading 1.11%.

The Price is right

Holding a Market Cap of $302.83 million, LMP Automotive Holdings Inc. has seen a trading range over the last year of $3.28-$49.30.

For the last five days, LMPX is up from its last closing price. The average shares trading hands each day is 353.14K, with average 10-day volume coming in at 0.36 million.

Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for LMPX. When we apply the Elder Force Index to LMP Automotive Holdings Inc., we are seeing an Elder Force Indicator number of 6698911.11.

Recent Performance

The company’s enterprise value has gone from $81.64M to $51.07M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.

LMP Automotive Holdings Inc. also saw quarter revenue growth year over year of -34.63%. In addition, the company has operating cash flow of -$9.36 million.

Technical Analysis

Looking at popular technical indicators, the company’s 5-day moving average is 34.56 compared to the 50-day moving average of 21.06. So, we are clearly seeing an upward trajectory here.

The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. LMPX currently holds a 9-day RSI of 87.55%, while 100-day RSI stands at 63.39%.

Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. LMPX’s 9-day MACD is 4.07 and the company’s 100-day MACD stands at 22.46.

Inside Moves

Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.

The major holders for this stock are 40.88% by insiders and 2.03% by institutions. Regarding institutional holdings, Zeke Capital Advisors LLC owns 1.01%, while the second top holder, Wells Fargo & Company, currently owns 0.94%.

Over the last six months, insiders have bought 2,000 with the most recent transaction from Cohen William G, Director, with a purchase at price 17.40 per share.

Conclusion

Overall, the recommended rating for LMPX is Moderate Buy. Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0. Quarterly revenue estimates are averaging 19.6M with the high estimate reaching 19.6M and the low at 19.6M.

Tags: LMP Automotive Holdings Inc.LMPXLMPX stockNASDAQ:LMPX

Recommended Stories

Is Insperity Inc. (NSP)’s stock primed to go lower after losing -0.12% on Monday?

July 7, 2020

MSG Networks Inc. [MSGN] is One of the Best Plays in Communication Services and This Proves It

October 2, 2020

Buy or Sell on KeyCorp [KEY] as the Price Moves to $12.60?

October 7, 2020

Popular Stories

  • Sorrento Therapeutics Inc. [SRNE] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] Is Skyrocketing 13.15% on Pure Fundamentals

    0 shares
    Share 0 Tweet 0
  • BlackBerry Limited [BB] is a Top Ten Buy with Quarterly Revenues of 999.00M

    0 shares
    Share 0 Tweet 0
  • Impressive Profit Margins of -5.80% Raise Bull Flags for General Electric Company [GE]

    0 shares
    Share 0 Tweet 0

NewsBur.com

Newsbur.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis.

Recent Posts

  • After-Hours Trading Alert: Amgen Inc. [AMGN] is Up 0.85% After the Bell
  • Has Dynatrace Inc. [DT] Completely Outpaced Other Companies in the Technology This Year?
  • Why Applied Materials Inc. [AMAT]’s 1.55% Drop is No Cause for Alarm

Categories

  • Analyst Actions
  • Market News
  • Morning News
  • Trending Stocks
  • Uncategorized

© 2020 Copyright © All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
  • Morning News
  • Analyst Actions
  • Trending Stocks

© 2020 Copyright © All Rights Reserved.