Liquidity Services Inc.’s filing revealed that its Chairman & CEO Angrick William P III unloaded Company’s shares for reported $1.83 million on Aug 31. In the deal valued at $18.35 per share,100,000 shares were sold. As a result of this transaction, Angrick William P III now holds 5,190,482 shares worth roughly $ 92.86 million.
Then, Angrick William P III sold 100,000 shares, generating $1,823,000 in total proceeds. Upon selling the shares at $18.23, the Chairman & CEO now owns 5,290,482 shares.
Before that, Weiskircher Steven sold 14,495 shares. Liquidity Services Inc. shares valued at $263,375 were divested by the SVP & CTO at a price of $18.17 per share. As a result of the transaction, Weiskircher Steven now holds 88,335 shares, worth roughly $1.58 million.
Craig Hallum initiated its Liquidity Services Inc. [LQDT] rating to a Buy in a research note published on Friday, June 27, 2022; the price target was $28. PT values the company’s stock at a premium of 36.11 to its Friday closing price.
Price Performance Review of LQDT
On Friday, Liquidity Services Inc. [NASDAQ:LQDT] saw its stock fall -1.97% to $17.89. On the same session, the stock had its day’s lowest price of $17.76, but rose to a high of $18.35. Over the last five days, the stock has lost -1.00%. Liquidity Services Inc. shares have risen nearly 27.24% since the year began. Nevertheless, the stocks have risen 2.29% over the past one year. While a 52-week high of $18.87 was reached on 08/16/23, a 52-week low of $11.97 was recorded on 03/13/23. SMA at 50 days reached $17.23, while 200 days put it at $14.98. A total of 0.17 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For LQDT Stock
The 24-hour chart illustrates a support level at 17.65, which if violated will result in even more drops to 17.41. On the upside, there is a resistance level at 18.24. A further resistance level may holdings at 18.59. The Relative Strength Index (RSI) on the 14-day chart is 50.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.68%. Stochastics %K at 54.64% indicates the stock is a holding.
How much short interest is there in Liquidity Services Inc.?
A steep rise in short interest was recorded in Liquidity Services Inc. stocks on Aug 14, 2023, dropping by 40000.0 shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.33 million shares. There was a decline of -3.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 15.96.
Liquidity Services Inc. [LQDT] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,484,682 shares, or roughly 11.36% of the outstanding LQDT shares. In other words, the investor’s shares have fallen by -112,163 from its previous 13-F filing of 3596845.0.. Over the last quarter, The Vanguard Group, Inc. sold -21,045 shares of Liquidity Services Inc., while Dimensional Fund Advisors LP sold 10,350 shares. At present, Silvercrest Asset Management Grou is holding 1,115,746 shares valued at $18.72 million. Granahan Investment Management, L owned 881,644 shares of the company at the time of its most recent 13F filing, worth $14.79 million.
According to FactSet, Liquidity Services Inc.’s share price will average $27.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 50.68 percent from its previous closing price of $18.25. Analysts expect Liquidity Services Inc. stock to reach the higher price of $28.00, while the lowest price estimate is $27.00. However, 2 analysts have rated LQDT stock as a Buy in their predictions for 2023.