LBCC stock: buy or sell?

LBCC stock price: $0.13 8.33% At close on February 26th, 2020

Updated on:
February 26th, 2020

0

After sliding a spooky -8.33% yesterday, Long Blockchain closed today at $0.13 and climbed an exceptional 8.33%.

Long Blockchain Corp., through its subsidiaries, produces and distributes iced tea in the United States. The company offers ready-to-drink iced tea under the Long Island Iced Tea brand.

Should I buy LBCC stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Long Blockchain stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean LBCC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Long Blockchain stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for LBCC stock for the last 30 days.

LBCC stock analysis

Daily outlook

After sliding a spooky -8.33% yesterday, Long Blockchain closed today at $0.13 and climbed an exceptional 8.33%.

After sliding a spooky -8.33% yesterday, Long Blockchain closed today at $0.13 and climbed an exceptional 8.33%. Today LBCC price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

LBCC stock chart (daily)

Weekly outlook

Long Blockchain rocketed an outstanding 8.33% this week. Late January LBCC collapsed a bloodcurdling -40.00% in just one week. For 4 weeks in a row, price climbed and marked a profit of 21.43%.

Since price and 40-weeks moving average lines crossed down early September, LBCC fell $-0.19 per share (-59.38%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

LBCC stock chart (weekly)

LBCC stock price history

LBCC IPO was on October 29th, 2009 at $6.20 per share1. Since then, LBCC stock lost a -97.90%, with a yearly average of -9.80%.

1: Adjusted price after possible price splits or reverse-splits.

LBCC stock historical price chart

LBCC stock reached 52-week highs on May at $0.61, and all-time highs 2016-04-22 with a price of 12.55.

LBCC stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price forecast for Long Blockchain stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

LBCC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q3-n/a-0.51n/a
2016-Q4-n/a-0.28n/a
2017-Q1-n/a-0.43n/a
2017-Q2-n/a-0.5n/a
2017-Q3-n/a-0.43n/a
2017-Q4-n/an/an/a
2018-Q1-n/an/an/a

Long Blockchain ownership

When you are planning to invest in a stock, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Long Blockchain, 87.61% of all outstanding shares are owned by its staff.

In case of Long Blockchain stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for LBCC stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related stocks:

LBCC
Market cap$3.8 M
Total shares29.2 M
Float shares11.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)87.6%
Shares in short selling0.0%

LBCC summary

Wednesday, February 26th, 2020
Open$0.11
Close$0.13
Day range$0.11 - $0.13
Previous close$0.12
Session gain8.33%
Average true range$0.05
50d mov avg$0.13
100d mov avg$0.16
200d mov avg$0.25
Daily patternlt01a
Weekly pattern lt03a

Long Blockchain performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Long Blockchain to :
Stock3m6m12m
LBCCLong Blockchain-18.75%-59.38%-62.86%

Long Blockchain competitors

Unfortunately, we could not find any public company that could be defined as Long Blockchain competitor. This doesn't mean Long Blockchain does not have any competitor in the market, it's just we could not detected it.