Light & Wonder Inc (NASDAQ: LNW) kicked off on Tuesday, up 0.80% from the previous trading day, before settling in for the closing price of $105.94. Over the past 52 weeks, LNW has traded in a range of $67.71-$111.00.
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Annual sales at Consumer Cyclical sector company grew by 2.00% over the past five years. While this was happening, its average annual earnings per share was recorded 125.38%. With a float of $88.20 million, this company’s outstanding shares have now reached $90.00 million.
Let’s look at the performance matrix of the company that is accounted for 6500 employees. In terms of profitability, gross margin is 62.09%, operating margin of 23.05%, and the pretax margin is 11.96%.
Light & Wonder Inc (LNW) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Gambling Industry. The insider ownership of Light & Wonder Inc is 0.60%, while institutional ownership is 75.23%. The most recent insider transaction that took place on Aug 16 ’24, was worth 2,068,964. Before that another transaction happened on May 17 ’24, when Company’s Director bought 70 for $95.04, making the entire transaction worth $6,653. This insider now owns 313 shares in total.
Light & Wonder Inc (LNW) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.81 earnings per share (EPS), higher than consensus estimate (set at 0.41) by 0.4. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 125.38% per share during the next fiscal year.
Light & Wonder Inc (NASDAQ: LNW) Trading Performance Indicators
Take a look at Light & Wonder Inc’s (LNW) current performance indicators. Last quarter, stock had a quick ratio of 1.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.08. Likewise, its price to free cash flow for the trailing twelve months is 23.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.33, a number that is poised to hit 1.08 in the next quarter and is forecasted to reach 5.54 in one year’s time.
Technical Analysis of Light & Wonder Inc (LNW)
Light & Wonder Inc (NASDAQ: LNW) saw its 5-day average volume 0.43 million, a negative change from its year-to-date volume of 0.69 million. As of the previous 9 days, the stock’s Stochastic %D was 20.83%. Additionally, its Average True Range was 2.69.
During the past 100 days, Light & Wonder Inc’s (LNW) raw stochastic average was set at 83.10%, which indicates a significant increase from 36.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.53% in the past 14 days, which was lower than the 29.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.87, while its 200-day Moving Average is $94.93. Nevertheless, the first resistance level for the watch stands at $107.77 in the near term. At $108.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $110.47. If the price goes on to break the first support level at $105.07, it is likely to go to the next support level at $103.35. Assuming the price breaks the second support level, the third support level stands at $102.37.
Light & Wonder Inc (NASDAQ: LNW) Key Stats
The company with the Market Capitalisation of 9.47 billion has total of 90,138K Shares Outstanding. Its annual sales at the moment are 2,902 M in contrast with the sum of 163,000 K annual income. Company’s last quarter sales were recorded 818,000 K and last quarter income was 82,000 K.
