LGI Stock Summary and Trading Ideas (Lazard Global Total Return & Income | NYSE:LGI)

The funds investment objective is total return, consisting of capital appreciation and current income. The fund invests in a portfolio of approximately 35 to 45 equities with a market cap of $5 billion or greater, which are domiciled in those countries that comprise the MSCI World Index. The fund seeks enhanced income by investing in emerging market debt instruments, including emerging market forward currency contracts.

Lazard Global Total Return & Income trades on the NYSE stock market under the symbol LGI.

As of April 18, 2024, LGI stock price declined to $14.95 with 33,055 million shares trading.

LGI has a beta of 1.19, meaning it tends to be more sensitive to market movements. LGI has a correlation of 0.75 to the broad based SPY ETF.

LGI has a market cap of $194.54 million. This is considered a Micro Cap stock.

In the last 3 years, LGI stock traded as high as $22.32 and as low as $12.66.

LGI has underperformed the market in the last year with a price return of +5.4% while the SPY ETF gained +22.3%. LGI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.4% and -5.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

LGI support price is $14.78 and resistance is $15.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LGI stock will trade within this expected range on the day.