Lexaria Bioscience Corp. (NASDAQ:LEXX) has a beta of 1.60. The stock’s Relative Strength Index (RSI) is 45.91, with weekly volatility at 8.46% and ATR at 0.62. The LEXX stock’s 52-week price range has touched low of $3.98 and a $15.64 high. Its shares traded higher over the last trading session, gaining 0.74% on 05/20/21. The shares fell to a low of $5.3501 before closing at $5.44. Intraday shares traded counted 0.48 million, which was 50.11% higher than its 30-day average trading volume of 952.70K. LEXX’s previous close was $5.40 while the outstanding shares total 4.05M.
Investors have identified the Packaged Foods company Lexaria Bioscience Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $29.16 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Lexaria Bioscience Corp. (LEXX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For LEXX, the company has in raw cash 9.35 million on their books with 8000.0 currently as liabilities. How the trend is over time is what investors should be concerned about. In terms of their assets, the company currently has 10.95 million total, with 0.4 million as their total liabilities.
Potential earnings growth for Lexaria Bioscience Corp. (LEXX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Lexaria Bioscience Corp. recorded a total of 0.19 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 80.21% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -54.17%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 31000.0 trying to sell their products during the last quarter, with the result yielding a gross income of 0.16 million. This allows shareholders to hold on to 4.05M with the recently reported earning now reading 0.09 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021.
Is the stock of LEXX attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 5.90%.