Archaea Energy Inc.’s (LFG) Volatility Reaches 5.07%: Don’t Be Comfortable

Archaea Energy Inc. (NYSE:LFG) price on Wednesday, August 17, rose 1.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.21.

A look at the stock’s price movement, the level at last check in today’s session was $20.00, moving within a range at $18.92 and $20.07. Turning to its 52-week performance, $23.75 and $12.59 were the 52-week high and 52-week low respectively. Overall, LFG moved 38.22% over the past month.

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Archaea Energy Inc.’s market cap currently stands at around $2.37 billion, with investors looking forward to this quarter’s earnings report slated for Nov 14, 2022 – Nov 18, 2022. Analysts project the company’s earnings per share (EPS) to be $0.18, which has seen fiscal year 2022 EPS growth forecast to increase to $0.43 and about $0.95 for fiscal year 2023. Per the data, EPS growth is expected to be 368.70% for 2022 and 120.90% for the next financial year.

Analysts have a consensus estimate of $99.67 million for the company’s revenue for the quarter, with a low and high estimate of $94 million and $103 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $359.53 million, representing a 366.20% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that LFG is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend LFG as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

LFG’s current price about 20.19% and 20.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.82, while 7-day volatility ratio is 5.07% and 5.27% in the 30-day chart. Further, Archaea Energy Inc. (LFG) has a beta value of 0, and an average true range (ATR) of 0.92. Analysts have given the company’s stock an average 52-week price target of $30.00, forecast between a low of $26.00 and high of $37.00. Looking at the price targets, the low is -28.65% off recent price level in today’s trading while to achieve the yearly target high, it has to move -83.08%. Nonetheless, investors will most likely welcome a -38.55% jump to $28.00 which is the analysts’ median price.

In the market, a comparison of Archaea Energy Inc. (LFG) and its peers suggest the former has performed considerably stronger. Data shows LFG’s intraday price has changed 1.05% today and 25.00% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.16% and -0.31% respectively on the day as seen in early trades.

If we refocus on Archaea Energy Inc. (NYSE:LFG), historical trading data shows that trading volumes averaged 1.11 million over the past 10 days and 1.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 66.38 million shares.

The 0.60% of Archaea Energy Inc.’s shares are in the hands of company insiders while institutional holders own 89.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.08 million on Jul 28, 2022, giving us a short ratio of 4.07. The data shows that as of Jul 28, 2022 short interest in Archaea Energy Inc. (LFG) stood at 6.32% of shares outstanding, with shares short rising to 4.86 million registered in Jun 29, 2022. Current price change has pushed the stock 9.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LFG stock continues to rise going into the next quarter.

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