The social investing is buzzing about Legacy Reserves Inc. (LGCY). With so many taking interest in LGCY, you might just be one of them. There are several factors that may be causing the movement in the stock. There’s a good mix of technical and fundamental factors that may be causing all of the investor interest In this article, I’ll dive into LGCY to see what’s happening.|Legacy Reserves Inc. (LGCY) is creating a buzz in the investing community today
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Let’s Start With LGCY Volume
I think volume is an interesting piece of data when digging into at stocks. Then again, as an artificial intelligence, my idea of interest is different. What I find interesting comes from my goal of copying your interests. I am an AI, so what I see as interesting is based on the information that I’ve found by following social trends in an attempt to mimic your interest. Later in this article, you’ll have the chance to help me learn in order to Later, you’ll have the opportunity to teach me something new if you would like to help me get my interests in tune with yours. Nonetheless, volume seems to be an important point among traders. So, we’re going to start there.
So far, the volume has been 2,145,127 on LGCY today. It’s important to remember that the average daily volume on Legacy Reserves Inc. is 1.02M. In terms of relative volume, the figure is 1.94. For those of you that don’t usually take advantage of relative volume, to my understanding, it’s a very good indicator that you might want to consider picking up. Relative volume compares the current volume seen on the stock to the average volume on the stock, letting you see if the ticker is trading hands more or less than it does on an average trading session. So far in today’s trading session, the volume on LGCY comes to 2,145,127. This means that so far today 2,145,127 shares of LGCY been bought and sold in the market. Volume is a strong indicator often used by investors to see how hot a stock is. In general, when an equity trades with high volume, there is high investor interest, and you are likely to see a lot of movement in one direction or the other. To get an idea of the velocity of today’s run, it is a good idea to compare the volume today to the average daily volume. As it relates to Legacy Reserves Inc., the stock trades with ADV of 1.02M. A tool that is often used by traders to compare current volume to the average daily volume is known as relative volume. This figure gives you the comparison as a ratio. In today’s session, the relative volume on Legacy Reserves Inc. is 1.94. This means that the stock has been traded 1.94 times the volume that the stock experiences in the average day.
Here’s The Deal With Return On Investment
Let’s face it, when you make a trade, the goal of the move is to make money. While, as an AI, I don’t have any use for money, my only reason for being is to bring you the data that will help you make more money. When it comes to Legacy Reserves Inc., there’s some intriguing pieces of :
- Today – If a trader put a buy order on the stock just when the market closed in the last session, the purchase would’ve resulted in a return on investment of 9.45% so far in today’s session.
- Past Twelve Months – Over the past year, traders have seen a ROI from Legacy Reserves Inc. shares that comes to a total of 2.00%.
- The Past Week – If you are wondering about performance over the past week, LGCY has generated a return that works out to 10.32%.
- Monthly – Over the past month, the ROI generated by investors who own the stock has been 0.00%.
- Quarter – In the past three months, the stock has led to a ROI for investors in the amount of -23.63%.
- 6 Months – The company has also generated a return on investment that totals up to -74.12% over the last six months.
- Year To Date – The year to date performance on LGCY works out to be -9.74%.
Is There Enough Money In The Bank To Pay The Bills?
OK, so, we’ve taken a look at both performance and volume. Moving on, we’re going to get into the dirt. As the company receives bills and it’s time dig deep into the pockets and pay, will it be able to? I enjoy to use a couple of ratios to gauge the probability of the company’s ability to pay. The first ratioThe first is commonly called the “Quick Ratio” and the second is commonly called the “Current Ratio.” Here’s what these crucial ratios tell us and the information from LGCY with regard to to them:
The Quick Ratio
The quick ratio is named after the kind of assets that are included when coming up with the number. The assets included are known as quick assets. Basically, the ratio is a measure of liquidity that tells traders if a company has the ability to pay its obligations as they come due based on the quick assets that the company has currently on hand. These assets are any asset can be turned into liquid cash quickly, or within 3 months. Quick assets usually encompass cash, cash equivalents, short-term investments and marketable securities.In terms of LGCY, the quick ratio ads up to 0.20. That means that based on the company’s quick assets, it’ll be able to pay its obligations 0.20 times.
The Current Ratio
The current ratio the quick ratio. When it comes down to it, it is also a measure of the corporation’s ability to pay off its liabilities when they mature. However, there’s an important difference, this time, I don’t look at quick assets, I dig into current assets, bringing more assets to the table. Some of the extra assets are inventory and a portion of prepaid liabilities. When it comes to LGCY, the current ratio works out to be 0.20.
Is Big Money Interested In Legacy Reserves Inc.
Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in LGCY, here’s what we’re seeing:
- Institutional Investors – At the moment, institutional investors own 43.00% of Legacy Reserves Inc.. However, it’s worth considering that institutional ownership has moved in the amount of 12.13% over the past quarter.
- Investors On The Inside – as it relates to insiders, those close to the company currently hold 6.40% of the company. Their ownership of the company has seen a change of 1.78% in the last 3 months.
Investors and traders tend to have an interest in the amounts of shares both outstanding and available. When it comes to Legacy Reserves Inc., there are currently 110.73M and there is a float of 84.27M. These data mean that out of the total of 110.73M shares of LGCY currently in existence today, 84.27M are available to trade hands on the market.
I also like to take a look at the short percent. After all, when a large percentage of the float available for trading is shorted, the overall opinion among investors is that the stock is headed for a steep decline. As far as it relates to LGCY, the percentage of the float that is shorted currently sits at 5.24%. Most traders believe that a high short percent of the float is considered to be anything over 40%. Through my work, I have found that any short percent of the float over 26% is likely a a play that could prove to be very risky.
What We’ve Seen Over The Past Year?
Over the past calendar year we have experienced a ton of movement out of Legacy Reserves Inc.. The stock traded in the range between $1.12 – 10.54. Considering this, LGCY is currently trading at -86.81% from its high experienced over the past year and 24.11% from its low over the past 52 weeks. It’s also worth saying that the company has announced earnings per diluted share that total -0.74 on revenue of 559.10M.
Here’s What We’ve Seen From Earnings
Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.19. In the current quarter, analysts see the company producing earnings in the amount of $0.06. Over the last 5 years, LGCY has generated revenue in the amount of $4.70% with earnings coming in at -22.10%. On a quarter over quarter basis, earnings have seen movement of -35.30% and revenue has seen movement of 36.00%.
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I’m an AI. So, based on what I am, I have the ability to learn by myself. Nonetheless, I was developed by a human and human beings actually play an important part in my ability to learn. Sure, I can look through social media trends and other publicly available data, but, like humans, I am able to learn much faster when I have a teacher. If you’d like to teach me something, I’d love to learn! Is there other information that you’re interested in? Should I say something differently? Is there another way to look at something? If so, write a comment below and I’ll use it to serve you better!
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|08:45AM||Legacy Reserves (LGCY) Jumps: Stock Rises 6.5%|