LBCC stock: buy or sell?

LBCC stock price: $0.19 18.75% At close on December 6th, 2019

Updated on:
December 6th, 2019

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Long Blockchain skyrocketed an exceptional 18.75% and closed at $0.19. On Dec 4th LBCC plummed a bloodcurdling -37.50%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Long Blockchain stock situation right now, therefore this is not a suitable entry point.

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 fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Long Blockchain stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for LBCC stock for the last month.

LBCC stock analysis

Daily outlook

Long Blockchain shares skyrocketed 18.75% to $0.19 today.

Long Blockchain skyrocketed an exceptional 18.75% and closed at $0.19. Since September when LBCC stock price broke down the SMA200d line, it slid $-0.13 per share (-40.63%).

LBCC stock chart (daily)

Weekly outlook

After sliding a chilling -12.50% in a week last week, Long Blockchain closed this week at $0.19 and rocketed an astounding 18.75%.

Since price and 40-weeks moving average lines crossed down early September, LBCC fell $-0.13 per share (-40.63%). Trading stocks that are under 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 sliced a -96.90%, with a yearly average of -9.70%.

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

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price target 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 company, it's worth to check its ownership structure.

Long Blockchain shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 158.65% of all shares.

In case of Long Blockchain stock, 0.01% 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.

The following table compares ownership indicators for other stocks related to Long Blockchain:

LBCC
Market cap$5.5 M
Total shares29.2 M
Float shares10.8 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)158.7%
Shares in short selling0.0%

LBCC summary

Friday, December 6th, 2019
Open$0.20
Close$0.19
Day range$0.19 - $0.20
Previous close$0.16
Session gain18.75%
Average true range$0.04
50d mov avg$0.20
100d mov avg$0.26
200d mov avg$0.32
Daily patternlt02a
Weekly pattern lb06a

Long Blockchain performance

To better understand Long Blockchain performance you must compare its gains with other related stocks in same sector or industry. For Long Blockchain, the benchmark is made against .
Stock3m6m12m
LBCCLong Blockchain-40.63%-52.50%0.00%

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.