Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) shares rose in value Thursday Dec 1 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, U.S. stocks opened with slight gains on Thursday.
The Dow Jones Industrial Average DJIA, +0.31% rose 38.22 points, or 0.2%, to 19,174, while the S&P 500 SPX, +0.01% added 2.1 points to 2,202, a rise of 0.1%.
The Nasdaq Composite Index COMP, -0.32% rose less than 1 point to 5,323, essentially unchanged on the day.
Analysts at Zacks Investment Research upgraded shares of Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) from Hold to Buy today. With a rating of Buy on the shares, Lindblad Expeditions Holdings Inc. has a 52-week high of $11.40. The one-year price target of $10.25 is higher than the opening price of $9.65, causing a number of other analysts to report on the company recently. Typically, after analysts assign an upgrade report on a stock, they will later issue other updates, usually followed by a price target change.
Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) shares last traded at $9.65, which represents a jump of $0.09 or 0.94% over the previous closing price. Opening at $9.65, they ranged from $9.54 and $9.82 throughout the day.
Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) currently has a market cap of 443.59M.
Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) Average Daily Trading Volume
The stock’s average daily volume is 85,197 shares out of a total float 18,389,000 and some 15,056 shares traded hands yesterday, lower than the norm. Look for trading volume to pick up in the coming days as momentum traders often use upticks in trading volume to identify substantial volume growth or dissemination by institutional investors.
However, one day of heavy buy side trading is not enough to determine a trend. So market traders will continue to look for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain teams of analysts researching thousands of stocks, so it is good validation to see them buying a stock you’re researching.
Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind, Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) now has a 50-day MA of $8.80 and 200-day MA of $9.29. It has traded in a 52-week range between $7.75 – 11.40 and today’s last price is 15.35%% lower than the 52 week high of $11.40.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors watch for companies that have grown their earnings at least 25% or more over 3 consecutive years.
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