Shares of Lee Enterprises, Incorporated (NYSE:LEE) are currently poised at -19.61% from the open today and are trading at $2.05. More than 1,408,000 shares have exchanged hands compared to an average trading volume of 190.24K. At the current pps, the market cap stands at $124.89M. The stock prices of Lee Enterprises, Incorporated (NYSE:LEE) are currently trading at -47.70% below its 52 week high and 17.82% above its 52 week low.
Lee Enterprises, Incorporated (NYSE:LEE) has been in the news for all the right reasons. Lee Enterprises, Incorporated (NYSE:LEE) today reported earnings of $6.4 million for its second fiscal quarter ended March 26, 2017, or 11 cents per diluted common share. For the same quarter a year ago, earnings totaled $19.5 million, or 36 cents per diluted common share. The analysis of second quarter results is presented on a same property basis unless otherwise noted.
“We are accelerating the transformation of our company,” said Kevin Mowbray, president and chief executive officer. “Digital advertising revenue increased 11.3% in the quarter and represented 28.7% of total advertising revenue. Total digital revenue, including digital advertising and digital services, grew 10.0%.
Lee Enterprises, Incorporated (NYSE:LEE) is all set to announce its earnings on May 04/b. As per Zack’s analyst ratings, Lee Enterprises, Incorporated (NYSE:LEE) currently has an average brokerage rating of . On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NYSE:LEE) is $ with a high of $ and a low of $.
Let’s take a look at the technical analysis.
The Barchart Technical Opinion rating is a 88% Sell with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.
The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 2.48 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 2.69 is also higher than the current trading price depicting a bearish trend overall.
The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 32.81 suggesting a bearish price action.
As such, while we believe Lee Enterprises, Incorporated (NYSE:LEE) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.
LEE ENTERPRISES, INC. is a premier publisher of local news, information and advertising in primarily midsize markets, with 50 daily newspapers and a joint interest in four others, rapidly growing online sites and more than 300 weekly newspapers and specialty publications in 23 states. Lee’s newspapers have circulation of 1.6 million daily and 1.9 million Sunday, reaching more than four million readers daily. Lee’s online sites attract 12 million unique visitors monthly, and Lee’s weekly publications have distribution of more than 4.5 million households. Lee’s other newspaper markets include St. Louis, Mo.; Lincoln, Neb.; Madison, Wis.; Davenport, Iowa; Billings, Mont.; Bloomington, Ill.; and Tucson, Ariz.
