Liberty Energy Inc (NYSE:LBRT) does about 2.99M shares in volume on a normal day but saw 2097789 shares change hands in Monday trading. The company now has a market cap of 3.67B USD. Its current market price is $22.10, marking a decrease of -1.60% compared to the previous close of $22.46. The 52 week high reached by this stock is $23.23 whilst the lowest price level in 52 weeks is $11.62.
Liberty Energy Inc (LBRT) has a 20-day trading average at $21.48 and the current price is -4.86% off the 52-week high compared with 90.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.94 and its 200-day simple moving average is $18.57. If we look at the stock’s price movements over the week, volatility stands at 2.97%, which decreases to 2.92% 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 57.22 to suggest the stock is neutral.
The consensus objective for the share price is $23.71, suggesting that the stock has a potential upside of 6.79% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 18, 2023 when Morgan Stanley downgraded the stock to “Equal-Weight” and issued a price target of between $20 and $17. Citigroup also downgraded the stock to “Neutral” from Buy on January 17, 2023 at a price target of $19. Wells Fargo upgraded its price target at $24.
Liberty Energy Inc (LBRT) stock is down -0.32% over the week and 9.62% over the past month. Its price is 21.83% year-to-date and 65.05% over the past year.
To reach the target analysts have set, the stock logically needs to grow 6.79 percent from here.
The company has a return on investment of 25.53% and return on equity of 33.35%. The price to earnings ratio (P/E ratio) amounts to 7.01 while the forward price to earnings ratio is 6.96. The beta has a value of 1.85. Price to book ratio is 2.00 and price to sales ratio is 0.77.
