Leju Holdings Limited (NYSE: LEJU) Gains 24.97% In Early Trade; What Lies Ahead?

Leju Holdings Limited (NYSE:LEJU) price closed higher on Friday, April 29, jumping 24.97% above its previous close.

A look at the daily price movement shows that the last close reads $0.38, with intraday deals fluctuated between $0.37 and $0.6688. The company’s 5Y monthly beta was ticking 0.96. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.40 and 52-week low of $0.36. The stock subtracted -35.48% on its value in the past month.

Leju Holdings Limited, which has a market valuation of $51.99 million, is expected to release its quarterly earnings report Aug 30, 2021. Analysts tracking LEJU have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0.12 for the year 2022 and up to $0.2 for 2022. In this case, analysts estimate an annual EPS growth of -45.50% for the year and 66.70% for the next year.

Staying with the analyst view, there is a consensus estimate of $606 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -15.80% below that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LEJU a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned LEJU a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Leju Holdings Limited (LEJU) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that LEJU’s price is at present -18.55% off the SMA20 and -20.77% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 42.68, with weekly volatility standing at 30.12%. The indicator jumps to 16.43% when calculated based on the past 30 days. Leju Holdings Limited (NYSE:LEJU)’s beta value is holding at 1.28, while the average true range (ATR) indicator is currently reading 0.11. Considering analysts have assigned the stock a price target range of $3.60-$3.60 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.60. Based on this estimate, we see that current price is roughly -665.96% off the estimated low and -665.96% off the forecast high. Investors will no doubt be excited to see the share price fall to $3.60, which is the median consensus price, and at that level LEJU would be -665.96% from current price.

Turning out attention to how the Leju Holdings Limited stock has performed in comparison to its peers in the industry, here’s what we find: LEJU’s stock is 24.97% on the day and -80.13% in the past 12 months, while Zillow Group Inc. (ZG) traded -2.42% in the last session and was positioned -71.02% down on its price 12 months ago. Another comparison is with Baidu Inc. (BIDU) whose stock price was up 3.00% in the last trading session, and has flourished -40.96% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -3.63% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -2.77%.

An analysis of the Leju Holdings Limited (NYSE:LEJU) stock in terms of its daily trading volume indicates that the 3-month average is 245.56K.

Current records show that the company has 136.82M in outstanding shares. The insiders’ percentage holdings are 0.70% of outstanding shares while the percentage share held by institutions stands at 1.80%. But the -47.50% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.