Leap Therapeutics Inc. (NASDAQ:LPTX) price closed higher on Thursday, December 23, jumping 1.03% above its previous close.
A look at the daily price movement shows that the last close reads $2.92, with intraday deals fluctuated between $2.80 and $2.99. The company’s 5Y monthly beta was ticking 0.33. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.17 and 52-week low of $1.33. The stock added 41.83% on its value in the past month.
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Leap Therapeutics Inc., which has a market valuation of $257.89 million, is expected to release its quarterly earnings report Mar 10, 2022 – Mar 14, 2022. Analysts tracking LPTX have forecast the quarterly EPS to shrink by -0.11 per share this quarter, while the same analysts predict the annual EPS to hit -$0.49 for the year 2021 and up to -$0.49 for 2022.
The average estimate suggests sales growth for the quarter will likely fall by -17.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.4 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -6.70% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LPTX a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that LPTX’s price is at present 14.61% off the SMA20 and 11.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.15, with weekly volatility standing at 9.40%. The indicator jumps to 8.78% when calculated based on the past 30 days. Leap Therapeutics Inc. (NASDAQ:LPTX)’s beta value is holding at 0.34, while the average true range (ATR) indicator is currently reading 0.20.
Turning out attention to how the Leap Therapeutics Inc. stock has performed in comparison to its peers in the industry, here’s what we find: LPTX’s stock is 1.03% on the day and 28.82% in the past 12 months, while Pieris Pharmaceuticals Inc. (PIRS) traded 3.97% in the last session and was positioned 32.49% up on its price 12 months ago. Elsewhere in the market, the S&P 500 Index has rallied 0.62% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.55%.
An analysis of the Leap Therapeutics Inc. (NASDAQ:LPTX) stock in terms of its daily trading volume indicates that the 3-month average is 2.81 million.
Current records show that the company has 78.22M in outstanding shares. The insiders’ percentage holdings are 8.30% of outstanding shares while the percentage share held by institutions stands at 55.90%. But the 31.11% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.