LMP Automotive Holdings Inc. (NASDAQ:LMPX) does about 107.62K shares in volume on a normal day but saw 1136835 shares change hands in Friday trading. The company now has a market cap of 69.12M USD and an enterprise value of about $53.46M. Its current market price is $7.40, marking an increase of 6.32% compared to the previous close of $6.96. The 52 week high reached by this stock is $49.30 whilst the lowest price level in 52 weeks is $3.28. The script in recent trading has seen the stock touch a high of $7.50 and a low of $6.61.
LMP Automotive Holdings Inc. (LMPX) has a 20-day trading average at $7.87 and the current price is -84.99% off the 52-week high compared with 125.61% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.98. If we look at the stock’s price movements over the week, volatility stands at 9.61%, which increases to 10.33% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 40.83 to suggest the stock is neutral.
1 analysts observing the LMP Automotive Holdings Inc. (LMPX) stock have set the 12-month price targets for the company’s shares at between $25.00 and $25.00. The median price target is 70.4% away from the current levels at $25.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is -7.50%, -18.05%, and -43.74% away from its SMA20, SMA50, and SMA200 respectively, with the LMPX price moving above the 50-day SMA on August 14. LMP Automotive Holdings Inc. (LMPX) stock is down -1.33% over the week and -11.38% over the past month. Its price is -58.52% year-to-date.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.02 below consensus estimates by -$0.01. The company’s next earnings report is expected on 12/02/2020, with forecasts estimating quarterly EPS at $0 and $0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $19.6 million.
Outstanding shares total 9.33M with insiders holding 40.88% of the shares and institutional holders owning 2.03% of the company’s common stock. The company has a return on investment of -22.20%. Price to book ratio is 2.16 and price to sales ratio is 6.12.
According to a U.S. Securities and Exchange Commission filing, iShares Tr – Micro Cap ETF has reduced its position in LMP Automotive Holdings Inc. (LMPX) to 7,271 shares, mirroring a recent drop by 0.00%. iShares Tr – Micro Cap ETF dumped 0.0 shares of LMP Automotive Holdings Inc. common stock bringing its total worth to about $55696.0 at the end of recent close, SEC documents show. iShares Tr – Micro Cap ETF isn’t the only investment manager who changed stakes and is followed by Fidelity Nasdaq Composite Index F, which sold off 0.0 shares to end up with 5,503 shares worth $42153.0. USAA Extended Market Index Fund raise their holdings by 18.39% in the company over the course of the most recent quarter. It now holds a 0.01% position in LMP Automotive Holdings Inc. thanks to 1017.0 shares amounting to $7790.0.