A new trading day began on June 02, 2022, with Limelight Networks Inc. (NASDAQ: LLNW) stock priced at $3.36, down -16.09% from the previous day of trading. During the day, the shares moved up to $3.36 and dropped to $2.865 before settling in for the closing price of $3.48. LLNW’s price has ranged from $2.30 to $5.55 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 5.30%. Meanwhile, its annual earnings per share averaged -169.40%. With a float of $134.94 million, this company’s outstanding shares have now reached $135.53 million.
Let’s determine the extent of company efficiency that accounts for 556 employees. In terms of profitability, gross margin is +26.45, operating margin of -15.61, and the pretax margin is -24.63.
Limelight Networks Inc. (LLNW) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Limelight Networks Inc. is 7.30%, while institutional ownership is 61.70%. The most recent insider transaction that took place on May 31, was worth 33,347. In this transaction SVP Growth of this company sold 9,212 shares at a rate of $3.62, taking the stock ownership to the 137,112 shares. Before that another transaction happened on May 04, when Company’s CEO bought 55,501 for $3.60, making the entire transaction worth $199,804. This insider now owns 1,123,963 shares in total.
Limelight Networks Inc. (LLNW) Recent Fiscal highlights
In its latest quarterly report, released on 3/30/2022, the company reported earnings of -$0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -25.16 while generating a return on equity of -34.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -169.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to 9.60% growth over the previous five years of trading.
Limelight Networks Inc. (NASDAQ: LLNW) Trading Performance Indicators
Here are Limelight Networks Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.02 in one year’s time.
Technical Analysis of Limelight Networks Inc. (LLNW)
Looking closely at Limelight Networks Inc. (NASDAQ: LLNW), its last 5-days average volume was 2.53 million, which is a jump from its year-to-date volume of 2.08 million. As of the previous 9 days, the stock’s Stochastic %D was 45.71%. Additionally, its Average True Range was 0.28.
During the past 100 days, Limelight Networks Inc.’s (LLNW) raw stochastic average was set at 2.05%, which indicates a significant decrease from 6.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.35% in the past 14 days, which was higher than the 82.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.24, while its 200-day Moving Average is $3.52. However, in the short run, Limelight Networks Inc.’s stock first resistance to watch stands at $3.23. Second resistance stands at $3.54. The third major resistance level sits at $3.73. If the price goes on to break the first support level at $2.74, it is likely to go to the next support level at $2.55. Now, if the price goes above the second support level, the third support stands at $2.24.
Limelight Networks Inc. (NASDAQ: LLNW) Key Stats
With a market capitalization of 389.15 million, the company has a total of 138,194K Shares Outstanding. Currently, annual sales are 217,630 K while annual income is -54,760 K. The company’s previous quarter sales were 57,960 K while its latest quarter income was -19,170 K.