Needham took its LivaNova [LIVN] rating to the equivalent of Hold, in a research note dated 2021-01-05. Other analysts also revised their coverage, with Needham’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in late June. Meanwhile, Needham had maintained its rating on LIVN to the earlier “Buy” rating, in a research note produced for clients October 30, 2019. In addition, there was no change from Needham on February 28, 2019. The rater maintained LIVN to “a Buy” but assigned new target price of $120.
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Is LivaNova PLC [NASDAQ:LIVN] a Good Buy Right Now?
It should be noted that LIVN technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 72% Buy in the past month. Data from LivaNova PLC’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.47 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.49 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.5 million shares.
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LIVN Price Performance
On Wall Street, LivaNova PLC [NASDAQ:LIVN] finished Monday’s session down -2.48% at $64.57. The stock went up to $66.57 at the same session while its lowest single day price was $63.39. In the last five days, it saw a fall of about -4.23%, LivaNova PLC shares dropped by almost -2.48% since the beginning of the year. However, the share price has dropped to as low as -20.04% below its one year high. On 01/04/21, the company shares recorded $66.57, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $63.39. The company’s shares have declined by -10.96% in the past year. The 50-day SMA achieved is $56.82 while the 200-day SMA is $51.03. Volume dropped to 0.34 million from 0.37 million in the previous session.
LIVN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 63.12 level, and in case of violation of this particular level, it will cause more drop to 61.66 level. On the upper level, 68.02 is still the key resistance. The stock may increase to the subsequent resistance at 66.30. The Relative Strength Index (RSI) pinned on the 14-day chart is 57.89, implying a neutral technical stance while the MACD stands at -0.56, meaning price will decrease in the next trading period. Percent R indicator moved to 55.28%, implying low price movement. Stochastic %K at 55.41% suggest selling the stock.
What is the short interest in LivaNova PLC?
Short interest in the LivaNova PLC stock has plunged, decreasing by -0.47 million shares to total 3.45 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.98 million, data from Yahoo Finance shows. The increase of 13.62% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 8.13% of the overall float for the stock.
LivaNova PLC’s Biggest Shareholders: Who Owns LivaNova PLC [LIVN]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 5,194,235 shares or roughly 10.69% of the outstanding LIVN shares. This means their shares have reduced by -171,633 from the 5,194,235 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Harris Associates LP updated stake is worth $202,909,542. Details in the latest 13F filings reveal that PRIMECAP Management Co. acquired their 5.62% stake valued at $198,208,640 while Maverick Capital Ltd. added theirs at $97,682,021. During the last quarter, PRIMECAP Management Co. raised 199,700 of its shares in LivaNova PLC while Maverick Capital Ltd. bought 1,194,346 shares. The Barrow, Hanley, Mewhinney & Strau’s holdings currently number 1,728,710 shares at $111622804.7. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 1,655,492 shares, roughly $87,492,752.
LIVN Earnings Forecast For The Current Quarter
LivaNova PLC [LIVN] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $269M and an earnings per share of $0.66 for Dec 2020. Looking further ahead, the company is expected to report revenue of $246.47M at an EPS of $0.4 for Mar 2021. The estimates represent downside of 9.10% and 66.58% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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LIVN Earnings Estimates For The Current Year
For the financial year, LivaNova PLC [NASDAQ:LIVN] is expected to bring in revenue of $938.7M. The returns are nearly $-141.3 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.22, lower than that of FY19 by -$1.86. Estimates put this year’s earnings growth at -60.40%, 66.40% for the next, and at an annual 27.30% over the next 5-year period. As for sales, forecasts are for a decrease of -13.40% in the current fiscal year and a further 9.10% over the following year.
