Liquidity Services Inc (LQDT)
Liquidity Services, Inc. offers an e-commerce marketplace that enables buyers and sellers to transact in an automated environment. The company is headquartered in Bethesda, Maryland.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 5.51% per annum.
- LQDT price at the close of July 25, 2024 was $21.57 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.63% per annum.
- LQDT price at the close of July 25, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LQDT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 14, 2020
End date: June 26, 2024
a = 3.0557
b = -0.0002
s = 0.1647
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -5.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1647) – 1
= 93.23%
December 14, 2020 calculations
Top border of price channel:
Exp(Y350)
= Exp(a + b × X350 + 2 × s)
= Exp(a + b × 507 + 2 × s)
= Exp(3.0557 + -0.0002 × 507 + 2 × 0.1647)
= Exp(3.3063)
= $27.28
Bottom border of price channel:
Exp(Y350)
= Exp(a + b × X350 – 2 × s)
= Exp(a + b × 507 – 2 × s)
= Exp(3.0557 + -0.0002 × 507 – 2 × 0.1647)
= Exp(2.6476)
= $14.12
June 26, 2024 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,797 + 2 × s)
= Exp(3.0557 + -0.0002 × 1,797 + 2 × 0.1647)
= Exp(3.1059)
= $22.33
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,797 – 2 × s)
= Exp(3.0557 + -0.0002 × 1,797 – 2 × 0.1647)
= Exp(2.4472)
= $11.56
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 5.51% per annum.
- LQDT price at the close of July 25, 2024 was $21.57 and was inside the primary price channel.
Secondary Trend
Start date: December 7, 2022
End date: July 25, 2024
a = 1.7592
b = 0.0007
s = 0.0845
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 28.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0845) – 1
= 40.19%
December 7, 2022 calculations
Top border of price channel:
Exp(Y849)
= Exp(a + b × X849 + 2 × s)
= Exp(a + b × 1,230 + 2 × s)
= Exp(1.7592 + 0.0007 × 1,230 + 2 × 0.0845)
= Exp(2.7764)
= $16.06
Bottom border of price channel:
Exp(Y849)
= Exp(a + b × X849 – 2 × s)
= Exp(a + b × 1,230 – 2 × s)
= Exp(1.7592 + 0.0007 × 1,230 – 2 × 0.0845)
= Exp(2.4386)
= $11.46
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.7592 + 0.0007 × 1,826 + 2 × 0.0845)
= Exp(3.1875)
= $24.23
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7592 + 0.0007 × 1,826 – 2 × 0.0845)
= Exp(2.8496)
= $17.28
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.63% per annum.
- LQDT price at the close of July 25, 2024 was inside the secondary price channel.