Limelight Networks Inc. [NASDAQ: LLNW] gained 2.34% or 0.14 points to close at $6.12 with a heavy trading volume of 3900712 shares. The company report on October 14, 2020 that Streaming Video Viewing Reaches All-Time High According to Limelight Networks Research.
Nearly half of consumers worldwide increased paid subscriptions and watch more user-created content.
Online video is more popular than ever with the average global viewer watching nearly eight hours (seven hours, 55 minutes) per week. With consumers homebound during the pandemic, video viewing increased 16 percent in the past year. This is according to the “State of Online Video 2020,” a report commissioned by Limelight Networks, Inc. (Nasdaq: LLNW), to understand consumer perceptions and behaviors around online video.
It opened the trading session at $6.10, the shares rose to $6.36 and dropped to $6.10, the range by which the price of stock traded the whole day. The daily chart for LLNW points out that the company has recorded 3.55% gains over the past six months. However, it is still -74.86% lower than its most recent low trading price.
If we look at the average trading volume of 3.57M shares, LLNW reached to a volume of 3900712 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $8.87 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 1.90. 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.
Truist have made an estimate for Limelight Networks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 18, 2020. While these analysts kept the previous recommendation, Lake Street raised their target price to Buy. The new note on the price target was released on June 22, 2020, representing the official price target for Limelight Networks Inc. stock. Previously, the target price had yet another raise to $6, while Raymond James analysts kept a Outperform rating on LLNW stock.
The Average True Range (ATR) for Limelight Networks Inc. is set at 0.37, with the Price to Sales ratio for LLNW stock in the period of the last 12 months amounting to 3.32. The Price to Book ratio for the last quarter was 4.34.
Trading performance analysis for LLNW stock
Limelight Networks Inc. [LLNW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.55. With this latest performance, LLNW shares dropped by -4.23% in over the last four-week period, additionally plugging by 3.55% over the last 6 months – not to mention a rise of 58.14% 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 51.81, with the RSI for the last a single of trading hit 53.13, and the three-weeks RSI is set at 52.38 for Limelight Networks Inc. [LLNW]. The present Moving Average for the last 50 days of trading for this stock 5.84, while it was recorded at 6.23 for the last single week of trading, and 5.64 for the last 200 days.
Limelight Networks Inc. [LLNW]: A deeper dive into fundamental analysis
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 2.00 and a Current Ratio set at 2.00.
Limelight Networks Inc. [LLNW]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Limelight Networks Inc. posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. 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%.
An analysis of insider ownership at Limelight Networks Inc. [LLNW]
There are presently around $579 million, or 81.00% of LLNW stock, in the hands of institutional investors. The top three institutional holders of LLNW stocks are: BLACKROCK INC. with ownership of 8,776,964, which is approximately 6.13% of the company’s market cap and around 5.00% of the total institutional ownership; VANGUARD GROUP INC, holding 6,240,839 shares of the stock with an approximate value of $38.19 million in LLNW stocks shares; and LORD, ABBETT & CO. LLC, currently with $36.47 million in LLNW stock with ownership of nearly 34.13% of the company’s market capitalization.
Positions in Limelight Networks Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 119 institutional holders increased their position in Limelight Networks Inc. [NASDAQ:LLNW] by around 22,007,453 shares. Additionally, 67 investors decreased positions by around 21,434,680 shares, while 20 investors held positions by with 53,352,625 shares. The mentioned changes placed institutional holdings at 96,794,758 shares, according to the latest SEC report filing. LLNW stock had 56 new institutional investments in for a total of 7,836,765 shares, while 17 institutional investors sold positions of 6,924,961 shares during the same period.