Limelight Networks Inc. (NASDAQ:LLNW) price closed higher on Friday, April 29, jumping 5.62% above its previous close.
A look at the daily price movement shows that the last close reads $3.38, with intraday deals fluctuated between $3.40 and $3.775. The company’s 5Y monthly beta was ticking 0.55. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.55 and 52-week low of $2.30. The stock subtracted -31.48% on its value in the past month.
Limelight Networks Inc., which has a market valuation of $456.71 million, is expected to release its quarterly earnings report Apr 27, 2022 – May 02, 2022. Analysts tracking LLNW have forecast the quarterly EPS to grow by 0.02 per share this quarter, while the same analysts predict the annual EPS to hit -$0.15 for the year 2022 and up to -$0.03 for 2022. In this case, analysts estimate an annual EPS growth of -1,400.00% for the year and 80.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $61.9 million, with the likely lows of $60.3 million and highs of $63.7 million. The average estimate suggests sales growth for the quarter will likely rise by 11.70% 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 $216.66 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -5.90% 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 LLNW 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 50% Buy, while an average of long term indicators are currently assigning the stock as Hold.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 8 analysts have assigned LLNW a recommendation rating as follows: 1 rate it as a Hold; 7 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Limelight Networks Inc. (LLNW) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that LLNW’s price is at present -28.01% off the SMA20 and -22.98% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.03, with weekly volatility standing at 10.38%. The indicator jumps to 6.56% when calculated based on the past 30 days. Limelight Networks Inc. (NASDAQ:LLNW)’s beta value is holding at 0.80, while the average true range (ATR) indicator is currently reading 0.36. Considering analysts have assigned the stock a price target range of $3.50-$8.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.36. Based on this estimate, we see that current price is roughly 1.96% off the estimated low and -124.09% off the forecast high. Investors will no doubt be excited to see the share price fall to $6.50, which is the median consensus price, and at that level LLNW would be -82.07% from current price.
Turning out attention to how the Limelight Networks Inc. stock has performed in comparison to its peers in the industry, here’s what we find: LLNW’s stock is 5.62% on the day and 14.06% in the past 12 months, while Brightcove Inc. (BCOV) traded -1.95% in the last session and was positioned -51.45% down on its price 12 months ago. Another comparison is with Akamai Technologies Inc. (AKAM) whose stock price was down -3.06% in the last trading session, and has flourished 3.29% over the past year. Also, Ziff Davis Inc. (ZD) showed down trend of -2.78% while its price kept floating at -15.99% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -3.63% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -2.77%.
An analysis of the Limelight Networks Inc. (NASDAQ:LLNW) stock in terms of its daily trading volume indicates that the 3-month average is 1.98 million.
Current records show that the company has 134.03M in outstanding shares. The insiders’ percentage holdings are 7.40% of outstanding shares while the percentage share held by institutions stands at 51.50%. But the 4.08% 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.