Needham analyst Serge Belanger has reiterated his Buy rating and $28 price target for Liquidia (NASDAQ:LQDA) on March 13, 2024. This reaffirmation underscores his optimistic view on the company’s future performance and growth opportunities. Belanger’s analysis is in line with the overall market sentiment, showcasing a strong belief in Liquidia Technologies amid favorable market conditions and regulatory environment. The ongoing endorsement from Needham signifies a continued confidence in the company’s potential, as echoed by various analyst perspectives.
LQDA Stock Shows Strong Performance with 5.36% Increase on March 13, 2024
On March 13, 2024, LQDA stock showed strong performance, trading near the top of its 52-week range and above its 200-day simple moving average. The price of LQDA shares increased by $0.75 since the market last closed, representing a 5.36% rise. The stock closed at $14.73, showing a significant increase in value. Additionally, in after-hours trading, the stock rose by an additional $0.21. Investors and analysts may view these price movements as a sign of strength in the stock, as it continues to show growth and potential for further gains. It is important for investors to conduct thorough research and analysis before making any investment decisions.
LQDA Stock Analysis: Revenue Flat, Net Income Improves – March 13, 2024
On March 13, 2024, LQDA stock had a mixed performance based on the financial data provided by CNN Money. The total revenue for LQDA stood at $15.94 million for the past year, which remained flat compared to the previous year. However, there was a significant decrease of 23.15% in total revenue since the last quarter, with the company reporting $3.68 million in revenue for Q3.
The net income for LQDA was reported at -$41.02 million for the past year, showing a decrease of 18.61% compared to the previous year. However, there was a positive sign as the net income improved by 32.86% since the last quarter, with a reported net income of -$15.79 million for Q3.
Earnings per share (EPS) for LQDA were reported at -$0.67 for the past year, showing a slight increase of 3.35% compared to the previous year. The EPS also saw a significant improvement of 32.92% since the last quarter, with a reported EPS of -$0.24 for Q3.
