LQDA

Liquidia Corporation
NasdaqCMUSDEQUITY Healthcare DELAYED
Last price
25.74
▼ 1.90 (6.87%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
26.27
Prev close
27.64
Day high
28.30
Day low
25.76
Volume
5.31M
Market cap
$2.32B
P/E (TTM)
18.64
52W range
21.94 – 93.61

Day trading desk

Current session · delayed
Gap from prior close
-4.96%
Prior close 27.64
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
2.58%
25.61 – 26.27
Position in range
20%
Near session low
ATR (14D)
6.47
25.14% of price
Prior day high
28.48
PDH
Prior day low
25.92
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 2.32M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-63.35% -65.3%
1M
-62.26% -63.4%
3M
-67.40% -71.9%
6M
-30.65% -48.8%
YTD
-24.88% -39.1%
1Y
+15.51% -0.9%
3Y
+308.68% +226.4%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on LQDA open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-2.58M
Net selling
Buy transactions
32
650.51K shares
Sell transactions
54
3.23M shares
Net transactions
+86
Buys less sells
Sell : buy shares
5.0 : 1
Mixed
Insider-held shares
8.27M
Total on file
Bought 650.51KSold 3.23M

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 14, 26
SINGH RAMAN
Director
SELL 17.49K $1.18M Direct
Sep 14, 26
SINGH RAMAN
Director
CONVERSION 17.49K $162.40K Direct
Sep 1, 26
KREPP SARAH T
Officer
SELL 274 $18.57K Direct
Aug 21, 26
ADAIR JASON
Officer
SELL 73.63K $5.09M Direct
Aug 21, 26
ADAIR JASON
Officer
CONVERSION 31.80K $349.84K Direct
Aug 20, 26
RIELLY-GAUVIN KATHERINE
Director
SELL 55.18K $4.09M Direct
Aug 20, 26
RIELLY-GAUVIN KATHERINE
Director
CONVERSION 55.18K $140.11K Direct
Aug 19, 26
SAGGAR RAJEEV
Officer
SELL 79.53K $5.97M Direct
Aug 19, 26
SAGGAR RAJEEV
Officer
CONVERSION 50.00K $186.50K Direct
Jul 27, 26
BOYLE DANA
Officer
SELL 1.60K $140.05K Direct
Jul 27, 26
ADAIR JASON
Officer
SELL 688 $60.22K Direct
Jul 23, 26
BLOCH STEPHEN M.
Director
SELL 200.00K $17.79M Indirect
Jul 21, 26
BLOCH STEPHEN M.
Director
SELL 78.60K $6.29M Indirect
Jul 13, 26
SAGGAR RAJEEV
Officer
SELL 9.93K $709.82K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ADAIR JASON
Officer 174.61K Sale
BLOCH STEPHEN M.
Director — Sale
BOYLE DANA
Officer 167.92K Sale
CALIGAN PARTNERS L,P.
Beneficial Owner of more than 10% of a Class of Security — Purchase
JEFFS ROGER A
Chief Executive Officer 2.22M Sale
JOHNSON DAVID EDWARD
Director and Beneficial Owner of more than 10% of a Class of Security — Stock Award(Grant)
KASETA MICHAEL
Chief Operating Officer 345.81K Sale
MANNING PAUL B.
Director 5.76M Stock Award(Grant)
MOOMAW SCOTT
Officer 182.49K Sale
SCHUNDLER RUSSELL
General Counsel 620.46K Sale

Fundamentals

TTM · reported
Market cap$2.32B
Enterprise value$2.22B
Revenue (TTM)$450.91M
Gross profit$417.28M
EBITDA$169.77M
Net income$138.61M
EPS (TTM)$1.39
Free cash flow$74.30M
Total cash$284.18M
Total debt$182.90M
Book value / share$2.19
Shares outstanding89.51M
Float65.37M
Short % of float17.16%
Dividend yield0.00%
Beta (5Y)0.61

Valuation & profitability ratios

Account required
Trailing P/E18.64
Forward P/E10.78
PEG ratio—
Price / sales—
Price / book11.83
EV / revenue4.92
EV / EBITDA13.06
Gross margin92.54%
Operating margin49.81%
Profit margin30.74%
Return on equity131.82%
Return on assets27.04%
Debt / equity93.74
Current ratio2.31
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $158.32M$14.00M$17.49M$15.94M +1,031.2%
Operating revenue $158.32M$14.00M$17.49M$15.94M +1,031.2%
Cost of revenue $13.24M$5.88M$2.89M$2.86M +125.2%
Gross profit $145.08M$8.12M$14.60M$13.08M +1,687.3%
Research & development $39.28M$47.84M$43.24M$19.43M -17.9%
Selling, general & admin $157.18M$81.57M$44.74M$32.41M +92.7%
Total operating expense $196.45M$129.41M$87.98M$51.85M +51.8%
Operating income -$51.38M-$121.29M-$73.38M-$38.77M +57.6%
Net interest income -$17.55M-$7.00M-$2.81M-$1.25M -150.8%
Pre-tax income -$68.92M-$128.29M-$78.50M-$41.02M +46.3%
Net income -$68.92M-$128.29M-$78.50M-$41.02M +46.3%
Net income to common -$68.92M-$128.29M-$78.50M-$41.02M +46.3%
Basic EPS -0.80-1.66-1.21-0.67 +51.8%
Diluted EPS -0.80-1.66-1.21-0.67 +51.8%
EBIT -$44.75M-$113.64M-$72.23M-$38.68M +60.6%
EBITDA -$43.22M-$111.44M-$70.05M-$35.03M +61.2%
Basic shares 86.06M78.71M64.99M60.96M +9.3%
Diluted shares 86.06M78.71M64.99M60.96M +9.3%

Options analytics

Account required
Put / call volume
0.37
Call-heavy session
Put / call open interest
0.30
Positioning, not flow
Max pain
27.00
+4.2% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
4.40K
Contracts, this expiry
Put volume
1.64K
Contracts, this expiry
Heaviest call OI
30.00
2.88K contracts
Heaviest put OI
25.00
1.56K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.850.74 -13.2%
Mar 2026 0.400.52 +29.2%
Dec 2025 0.330.15 -55.1%
Sep 2025 -0.35-0.04 +88.6%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.89 5 $202.08M +271.9%
Next quarter 0.45 5 $163.40M +77.6%
Current year 2.64 5 $669.96M +323.2%
Next year 2.40 5 $738.97M +10.3%

Analyst targets & ownership

Account required
Mean target$49.67
High target$72.00
Low target$30.00
Implied upside92.95%
Analyst count6
ConsensusBUY
Strong buy / Buy2 / 2
Hold4
Sell / Strong sell0 / 0
Held by insiders9.24%
Held by institutions81.95%
Institutions holding435
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
49.17
-47.65% from price
SMA 20
58.26
-55.53% from price
SMA 50
69.63
-62.79% from price
SMA 100
70.33
-63.40% from price
SMA 200
54.12
-52.12% from price
EMA 12
45.83
-43.83% from price
EMA 26
56.69
-54.59% from price
EMA 50
63.43
-59.42% from price
RSI (14)
19.4
Oversold
MACD (12,26,9)
-10.86
Hist -4.54
ATR (14)
6.47
24.98% of price
Realised vol 30D
245.8%
Annualised
Bollinger upper
93.32
20, 2σ
Bollinger lower
23.20
20, 2σ
50 / 200 cross
Golden
69.63 vs 54.12
Trend bias
Below 200
-52.12%

Options chain

Account required
Expiry
Spot 25.74
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.89
Less volatile than market
Correlation to SPY
0.13
Largely independent
Realised vol 30D
245.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-71.5%
Peak to trough
Max drawdown 5Y
-71.5%
Peak to trough
ATR 14
6.47
24.98% of price
Beta (reported)
0.61
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
12.38M
Prior 11.86M
Change vs prior
+4.4%
Shorts adding
% of float
17.16%
Elevated
% of shares out
13.83%
Against total outstanding
Days to cover
10.8
Crowded exit
Float
65.37M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

55 on file
DateFirm ActionFromTo
Oct 16, 24 Scotiabank INITIATED — Sector Outperform
Oct 3, 24 LifeSci Capital INITIATED — Outperform
Aug 23, 24 HC Wainwright & Co. MAINTAINED Buy Buy
Aug 22, 24 Needham MAINTAINED Buy Buy
Aug 20, 24 BTIG MAINTAINED Buy Buy
Aug 20, 24 B of A Securities MAINTAINED Buy Buy
Aug 20, 24 HC Wainwright & Co. MAINTAINED Buy Buy
Aug 19, 24 BTIG MAINTAINED Buy Buy
Aug 19, 24 Raymond James UPGRADE Outperform Strong Buy
Aug 19, 24 Needham MAINTAINED Buy Buy
Aug 16, 24 Raymond James INITIATED — Outperform
Aug 13, 24 Needham MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.