Buy, Sell, Or Hold Liminal BioSciences Inc (NASDAQ:LMNL)?

Liminal BioSciences Inc (NASDAQ:LMNL) is trading lower in the pre-market session on Tuesday . The stock ran from 3.50 to 5.00 over the last few days, but has pulled back off the highs.

Market Action

As of 8:01, LMNL stock is moving down by 3.15% or $0.14 at $4.30. So far more than 1K shares have exchanged hands.

LMNL Releases Results Late Monday

Liminal BioSciences Reports First Quarter 2021 Financial Results

  • Net loss was $20.9 million for the first quarter of 2021 compared to $27.7 million for the first quarter of 2020.
  • Cash and cash equivalents at March 31, 2021 were $21.6 million. The Company’s working capital, i.e., the current assets net of current liabilities, at March 31, 2021 amounted to $33.5 million.
  • Research and development expenses were $9.3 million for the first quarter of 2021 compared to $16.4 million for the first quarter of 2020.
  • Finance costs were $2.4 million for the first quarter of 2021 compared to $1.5 million for the first quarter of 2020, as a result of the long-term debt issuances in the third quarter of 2020.

Trader Notes

Share Information

SHARES OUTSTANDING23.31 M
SHARE FLOAT (%)7.82 M (33.53%)
% HELD BY INSTITUTIONS3.13

Recent Stock Performance

5-DAY PERF.+0.68%
1-MONTH PERF.+6.99%
3-MONTH PERF.-22.65%
6-MONTH PERF.+14.73%
YTD PERF.+5.71%
1-YEAR PERF.-42.71%

Moving Averages

+/- EMA(20)4.47 (-0.67%)
+/- SMA(50)4.36 (+1.83%)
+/- SMA(200)6.85 (-35.18%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3
Classic3.32333.76674.10334.54674.88335.32675.6633
Fibonacci3.76674.06464.24874.54674.84465.02875.3267

Technical Indicators

SymbolValueResultSymbolValueResult
ADX17.8564NeutralATR140.4620
CCI204.2615NeutralChaikin Money Flow0.0088Neutral
MACD-0.0809SellMoney Flow Index61.0976Sell
ROC-10.1215SellRSI48.0102Buy
STOCH (14,3)47.3958SellSTOCH RSI0.5884Buy
UO44.5169BuyWilliams %R-52.6042Neutral

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