Limelight Networks Inc. [LLNW] is 25.98% higher this YTD. Is it still time to buy?

Limelight Networks Inc. [NASDAQ: LLNW] traded at a low on 06/11/20, posting a -2.47 loss after which it closed the day’ session at $5.14. The results of the trading session contributed to over 2580052 shares changing hands. Over the past one week, the price volatility of Limelight Networks Inc. stands at 8.20% while the volatility over the past one month is 5.92%.

The market cap for LLNW stock reached $613.10 million, with 118.96 million shares outstanding and 114.58 million shares in the current float. Compared to the average trading volume of 2.24M shares, LLNW reached a trading volume of 2580052 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Limelight Networks Inc. [LLNW]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LLNW shares is $7.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LLNW stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Limelight Networks Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 08, 2020. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on March 30, 2020, representing the official price target for Limelight Networks Inc. stock.

The Average True Range (ATR) for Limelight Networks Inc. is set at 0.33, with the Price to Sales ratio for LLNW stock in the period of the last 12 months amounting to 2.86. The Price to Book ratio for the last quarter was 3.72.

How has LLNW stock performed recently?

Limelight Networks Inc. [LLNW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.71. With this latest performance, LLNW shares dropped by -0.68% in over the last four-week period, additionally plugging by 27.86% over the last 6 months – not to mention a rise of 86.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LLNW stock in for the last two-week period is set at 45.90, with the RSI for the last a single of trading hit 48.77, and the three-weeks RSI is set at 48.77 for Limelight Networks Inc. [LLNW]. The present Moving Average for the last 50 days of trading for this stock 5.42, while it was recorded at 5.21 for the last single week of trading, and 4.51 for the last 200 days.

Limelight Networks Inc. [LLNW]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Limelight Networks Inc. [LLNW] shares currently have an operating margin of -7.84 and a Gross Margin at +40.21. Limelight Networks Inc.’s Net Margin is presently recorded at -8.00.

Return on Total Capital for LLNW is now -9.06, given the latest momentum, and Return on Invested Capital for the company is -9.30. Return on Equity for this stock declined to -9.67, with Return on Assets sitting at -7.86. When it comes to the capital structure of this company, Limelight Networks Inc. [LLNW] has a Total Debt to Total Equity ratio set at 9.33. Additionally, LLNW Total Debt to Total Capital is recorded at 8.54, with Total Debt to Total Assets ending up at 7.42. Long-Term Debt to Equity for the company is recorded at 8.10, with the Long-Term Debt to Total Capital now at 7.41.

Reflecting on the efficiency of the workforce at the company, Limelight Networks Inc. [LLNW] managed to generate an average of -$26,302 per employee. Receivables Turnover for the company is 5.59 with a Total Asset Turnover recorded at a value of 0.98.Limelight Networks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

Earnings analysis for Limelight Networks Inc. [LLNW]

With the latest financial reports released by the company, Limelight Networks Inc. posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LLNW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Limelight Networks Inc. go to 15.00%.

Insider trade positions for Limelight Networks Inc. [LLNW]

There are presently around $510 million, or 82.30% of LLNW stock, in the hands of institutional investors. The top three institutional holders of LLNW stocks are: BLACKROCK INC. with ownership of 8,269,987, which is approximately 0.92% of the company’s market cap and around 5.40% of the total institutional ownership; HOOD RIVER CAPITAL MANAGEMENT LLC, holding 6,947,846 shares of the stock with an approximate value of $36.62 million in LLNW stocks shares; and VANGUARD GROUP INC, currently with $32.43 million in LLNW stock with ownership of nearly 1.301% of the company’s market capitalization.

82 institutional holders increased their position in Limelight Networks Inc. [NASDAQ:LLNW] by around 15,929,501 shares. Additionally, 69 investors decreased positions by around 12,712,281 shares, while 15 investors held positions by with 68,115,958 shares. The mentioned changes placed institutional holdings at 96,757,740 shares, according to the latest SEC report filing. LLNW stock had 36 new institutional investments in for a total of 6,962,130 shares, while 17 institutional investors sold positions of 1,304,000 shares during the same period.

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