Lineage Cell Therapeutics Inc (LCTX) Reports -35.40% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Lineage Cell Therapeutics Inc (AMEX:LCTX) does about 956.11K shares in volume on a normal day but saw 2114834 shares change hands in Tuesday’s trading. The company now has a market cap of 196.35M USD. Its current market price is $1.04, marking a decrease of -4.59% compared to the previous close of $1.09. The 52 week high reached by this stock is $1.61 whilst the lowest price level in 52 weeks is $0.84.

Lineage Cell Therapeutics Inc (LCTX) has a 20-day trading average at $1.1460 and the current price is -35.40% off the 52-week high compared with 23.60% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2368 and its 200-day simple moving average is $1.1834. If we look at the stock’s price movements over the week, volatility stands at 8.52%, which decreases to 8.33% 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 40.88 to suggest the stock is neutral.

The consensus objective for the share price is $5.20, suggesting that the stock has a potential upside of 80.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 02, 2022 when Robert W. Baird initiated the stock to “Outperform” and issued a price target of $5. Noble Capital Markets initiated its price target at $8.

Lineage Cell Therapeutics Inc (LCTX) stock is down -17.46% over the week and -16.80% over the past month. Its price is -4.59% year-to-date and -24.64% over the past year.

To reach the target analysts have set, the stock logically needs to grow 80.0 percent from here.

The company has a return on investment of -31.73% and return on equity of -33.12%. The beta has a value of 1.34. Price to book ratio is 2.71 and price to sales ratio is 24.54.