After Forming Multiple Bottom, Is Landec Corporation (LNDC)’s Near-Term Analysis Negative?

December 14, 2017 - By Maria Brooks

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.24, from 1.15 in 2017Q1. It is positive, as 7 investors sold Landec Corporation shares while 26 reduced holdings. 20 funds opened positions while 26 raised stakes. 25.10 million shares or 0.75% more from 24.92 million shares in 2017Q1 were reported.
Howe And Rusling holds 0% or 275 shares. Morgan Stanley reported 30,857 shares. Crestwood Advsr Group Inc Limited Liability Company invested in 0.02% or 15,588 shares. Bnp Paribas Arbitrage Sa stated it has 0% of its portfolio in Landec Corporation (NASDAQ:LNDC). Heartland Advsrs reported 0.86% in Landec Corporation (NASDAQ:LNDC). Commonwealth Equity has 0% invested in Landec Corporation (NASDAQ:LNDC). Public Employees Retirement Association Of Colorado invested in 0% or 15,626 shares. Prudential Fincl Inc holds 13,714 shares or 0% of its portfolio. Wells Fargo Co Mn has 0% invested in Landec Corporation (NASDAQ:LNDC). State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 44,224 shares. Martingale Asset Mgmt Ltd Partnership holds 0.01% or 29,118 shares. Geode Capital Mngmt Ltd Liability holds 0% of its portfolio in Landec Corporation (NASDAQ:LNDC) for 213,810 shares. Goldman Sachs Grp holds 52,659 shares or 0% of its portfolio. Nwq Invest Management Ltd Limited Liability Company holds 0.77% or 3.73M shares in its portfolio. Vanguard Incorporated holds 1.29M shares or 0% of its portfolio.

Since October 23, 2017, it had 0 insider buys, and 1 insider sale for $96,659 activity.

The stock of Landec Corporation (LNDC) shows a multiple bottoms pattern with $11.96 target or 4.00 % below today’s $12.46 share price. The 8 months chart pattern indicates high risk for the $342.65 million company. It was reported on Dec, 14 by Finviz.com. If the $11.96 price target is reached, the company will be worth $13.71 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 1.91% or $0.243 during the last trading session, reaching $12.457. About 4,298 shares traded. Landec Corporation (NASDAQ:LNDC) has risen 17.05% since December 14, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

Analysts await Landec Corporation (NASDAQ:LNDC) to report earnings on January, 3. They expect $0.07 earnings per share, up 40.00 % or $0.02 from last year’s $0.05 per share. LNDC’s profit will be $1.93M for 44.49 P/E if the $0.07 EPS becomes a reality. After $0.08 actual earnings per share reported by Landec Corporation for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

Landec Corporation (NASDAQ:LNDC) Ratings Coverage

Among 4 analysts covering Landec (NASDAQ:LNDC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Landec has $18 highest and $12 lowest target. $16’s average target is 28.44% above currents $12.457 stock price. Landec had 7 analyst reports since November 18, 2015 according to SRatingsIntel. Sidoti upgraded the stock to “Buy” rating in Monday, January 25 report. Maxim Group maintained it with “Buy” rating and $1800 target in Tuesday, July 18 report. The stock of Landec Corporation (NASDAQ:LNDC) has “Buy” rating given on Wednesday, July 26 by Maxim Group. Wunderlich initiated it with “Buy” rating and $18 target in Wednesday, November 18 report. Wedbush maintained the stock with “Hold” rating in Wednesday, July 26 report. As per Friday, July 8, the company rating was initiated by Wedbush. The rating was initiated by Maxim Group on Tuesday, June 7 with “Buy”.

More notable recent Landec Corporation (NASDAQ:LNDC) news were published by: Seekingalpha.com which released: “Landec Corporation’s (LNDC) CEO Molly Hemmeter on Q4 2017 Results – Earnings …” on July 26, 2017, also Globenewswire.com with their article: “Landec Corporation Provides Update on Impact from Extreme Weather Events” published on September 19, 2017, Globenewswire.com published: “Landec Corporation Reports Fiscal First Quarter 2018 Results” on September 26, 2017. More interesting news about Landec Corporation (NASDAQ:LNDC) were released by: Globenewswire.com and their article: “Landec Corporation Reiterates Fiscal Year 2018 EPS Guidance and Lowers Second …” published on November 29, 2017 as well as Marketwatch.com‘s news article titled: “Landec Corp.” with publication date: December 22, 2009.

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