PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP HARGA SAHAM

Abstract

This research examined the effect of profitability, leverage, and liquidity on stock price. Profitability was measured by Return On Assets, leverage was measured by Debt to Equity Ratio, and liquidity was measured by Current Ratio. This research was quantitative. The poopulation was LQ-45 index companies listed on the Indonesia Stock Exchange (IDX). Moreover, the data collection technique use purposive sampling, in which the sample was based on the criteria given. In line with that, there were 23 LQ-45 companies as the sample. Furthermore, the data were taken for 5 years (2018-2022). In total, there were 115 data were analyzed. The data analysis technique used multiple linear regression with SPSS 25 version. The result showed profitabilty with a score of B valued at 0.019 and a significance of 0.0891. It meant the profitability did not affect the stock price. Leverage with a score of B value at -0.185 and a significance of 0.172. It meant the leverage did not affect the stock price. Liquidity with a score of B valued at -0.778 and a significance of 0.001. It meant the liquidity had a negative effect on the stock price.