Could Landec Corporation (LNDC) Change Direction After This Multiple Bottom

February 21, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.31, from 1.39 in 2017Q2. It dived, as 9 investors sold Landec Corporation shares while 29 reduced holdings. 16 funds opened positions while 25 raised stakes. 25.56 million shares or 1.82% more from 25.10 million shares in 2017Q2 were reported.
Northern Trust owns 355,065 shares or 0% of their US portfolio. Voya Inv Management Ltd holds 17,426 shares. Swiss Bancorp accumulated 0% or 40,300 shares. Buckhead Lc has 40,110 shares for 0.11% of their portfolio. Wedge Cap Mgmt L Lp Nc reported 72,000 shares or 0.01% of all its holdings. Vanguard Gru, a Pennsylvania-based fund reported 1.33 million shares. Public Employees Retirement Association Of Colorado stated it has 0% of its portfolio in Landec Corporation (NASDAQ:LNDC). 31,622 are owned by Rhumbline Advisers. Geode Capital Mgmt Ltd Liability invested in 0% or 223,143 shares. Granite Prtn Limited Liability Com invested in 0.1% or 121,329 shares. Foundry Prtn Ltd Liability stated it has 0.23% in Landec Corporation (NASDAQ:LNDC). Envestnet Asset holds 0% in Landec Corporation (NASDAQ:LNDC) or 1,813 shares. State Board Of Administration Of Florida Retirement Systems holds 44,224 shares or 0% of its portfolio. 25,900 were reported by Bridgeway. 67,400 are owned by California Pub Employees Retirement Systems.

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

The stock of Landec Corporation (LNDC) shows a multiple bottoms pattern with $13.02 target or 5.00 % below today’s $13.70 share price. The 9 months chart pattern indicates high risk for the $377.21M company. It was reported on Feb, 21 by Finviz.com. If the $13.02 price target is reached, the company will be worth $18.86 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 1.44% or $0.2 during the last trading session, reaching $13.7. About 66,728 shares traded or 3.97% up from the average. Landec Corporation (NASDAQ:LNDC) has risen 17.05% since February 21, 2017 and is uptrending. It has outperformed by 0.35% the S&P500.

Analysts await Landec Corporation (NASDAQ:LNDC) to report earnings on April, 3. They expect $0.15 earnings per share, up 15.38 % or $0.02 from last year’s $0.13 per share. LNDC’s profit will be $4.13M for 22.83 P/E if the $0.15 EPS becomes a reality. After $0.02 actual earnings per share reported by Landec Corporation for the previous quarter, Wall Street now forecasts 650.00 % 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 16.79% above currents $13.7 stock price. Landec had 7 analyst reports since November 18, 2015 according to SRatingsIntel. On Monday, January 25 the stock rating was upgraded by Sidoti to “Buy”. Wedbush initiated it with “Neutral” rating and $12 target in Friday, July 8 report. The stock of Landec Corporation (NASDAQ:LNDC) earned “Buy” rating by Maxim Group on Tuesday, July 18. As per Tuesday, June 7, the company rating was initiated by Maxim Group. The rating was maintained by Wedbush on Wednesday, July 26 with “Hold”. The rating was initiated by Wunderlich with “Buy” on Wednesday, November 18. The stock of Landec Corporation (NASDAQ:LNDC) has “Buy” rating given on Wednesday, July 26 by Maxim Group.

More notable recent Landec Corporation (NASDAQ:LNDC) news were published by: Globenewswire.com which released: “Landec Corporation Provides Update on Impact from Extreme Weather Events” on September 19, 2017, also Benzinga.com with their article: “Earnings Scheduled For January 3, 2018” published on January 03, 2018, Globenewswire.com published: “Landec Corporation Reports Second Quarter and First Half Fiscal 2018 Results” on January 03, 2018. More interesting news about Landec Corporation (NASDAQ:LNDC) were released by: Seekingalpha.com and their article: “Landec’s (LNDC) CEO Molly Hemmeter on Q1 2018 Results – Earnings Call Transcript” published on September 28, 2017 as well as Globenewswire.com‘s news article titled: “Landec Corporation Agrees to Settle Labor Related Legal Actions and Updates …” with publication date: March 28, 2017.

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