As volatility creeps into Limbach Holdings, Inc. (NASDAQ:LMB), investors need to pay close attention to to the factors affecting stock today as its shares are trading 2.21% or 0.18 points down from last closing price of $8.14, reaching $7.96 at last check. The LMB share price has dropped in 3 of the last 5 days and is up 2.94% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -40,698 shares, and in total 60802 shares valued at $483984 were seen changing hands compared with 101500 shares valued at $826210 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the LMB stock is near its bottom.
Limbach Holdings, Inc. (LMB) shares have notched a 3-month gain of about 2.94%, but has still advanced 128.26% year to date. By comparison, the stock sank -20.75% over the past 12 months, while it slipped -5.83% over the 1 month. The company’s market cap is around $61.66M, with its short interest ratio standing at 0.41%.
In the current trading session for LMB, the stock witnessed two major price actions, it rose to a high of $8.42 and was down as much as $7.59 at one point. The high recorded is very low when compared to their 52-week high which is $3.56. The 52-week high is now at -36.37 distance from current price. Their recent low of $12.18 represents a 117.7% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for LMB is $12, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Limbach Holdings, Inc. earned $0.35 per share in the trailing 12 months and has a P/E ratio of 22.74. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 15.43 and lower compared to the sector’s average of 23.91. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. LMB also has P/S multiple of 0.1. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.84x.
The company recorded an interesting insider sale transaction by the Insider on May 30, 2019. A Securities and Exchanges Commission filings show that 1347 Investors Llc sold a total of 200,000 LMB shares that day for a sum of around $1,800,000. Limbach Holdings, Inc. (LMB) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded 1,045,401 shares in the business, which makes up 97.442% of 1,072,846 shares that were traded over a year. In the past 12 months, insiders have purchased 25,000 shares while the seller parted with 1,047,846 shares.
LMB‘s last price was up 8.27% as compared to the average trading price of 50 days recorded at $7.35 while enlarging the period to 200 trading days, the average closing price was $8.82. At present, there are 7.34 million in the total number of common shares owned by the public and among those 5.96 million shares have been available to trade. The percentage of shares being held by the company management was 4.5% while institutions stake was 32.6%. The company has generated positive returns on equity over the last 12 months (5.9%). It managed to keep its gross profit margin at 11.8% over the past 12 months.
When assessing the full upside of the LMB stock, there is another set of technicals that should be looked into and considered. Its -9.39% decline from moving average of $8.78 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.8 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Limbach Holdings, Inc. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $9 on shares of Limbach Holdings, Inc. (NASDAQ:LMB), which corresponds to 14.50% upside potential than its current market price of $7.96 and implies potential despite the recent drop in the price. However, their current target price has fallen from $9 a month ago and is down handily from the consensus target of $9 a quarter ago.
In the last five years, the EPS of the company has been roughly 0%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded an increase of 11.2%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards LMB stock. Vanguard Group Inc. added position in the company after it grew 736.1% or 17,172 shares of its common stock. The hedge fund now owns 143,571 shares worth $1,142,825, SEC documents show. BlackRock Inc. shored up assets in the stock as 24633.46 shares have been purchased, increasing its stake by 250.3% to 86,291 shares which are currently valued at $686,876. In addition, Alambic Investment Management L.P. recently reported that it now owns 34,641 shares making a total of $275,742 based on the recent price. This refelects a change of 44.7% in their ownership.