On Friday, Light & Wonder Inc (NASDAQ: LNW) opened lower -1.35% from the last session, before settling in for the closing price of $94.61. Price fluctuations for LNW have ranged from $72.06 to $115.00 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 2.00% over the past five years. Company’s average yearly earnings per share was noted 120.28% at the time writing. With a float of $88.18 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Gambling industry is another important factor to consider. The insider ownership of Light & Wonder Inc is 0.62%, while institutional ownership is 75.36%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.81 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.41) by 0.4. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 120.28% per share during the next fiscal year.
Light & Wonder Inc (NASDAQ: LNW) Trading Performance Indicators
Check out the current performance indicators for Light & Wonder Inc (LNW). In the past quarter, the stock posted a quick ratio of 1.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.69. Likewise, its price to free cash flow for the trailing twelve months is 20.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.33, a number that is poised to hit 1.07 in the next quarter and is forecasted to reach 5.43 in one year’s time.
Technical Analysis of Light & Wonder Inc (LNW)
Light & Wonder Inc (NASDAQ: LNW) saw its 5-day average volume 0.76 million, a positive change from its year-to-date volume of 0.73 million. As of the previous 9 days, the stock’s Stochastic %D was 30.33%. Additionally, its Average True Range was 2.80.
During the past 100 days, Light & Wonder Inc’s (LNW) raw stochastic average was set at 24.31%, which indicates a significant decrease from 55.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.87% in the past 14 days, which was lower than the 43.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $102.12, while its 200-day Moving Average is $96.91. Nevertheless, the first resistance level for the watch stands at $94.33 in the near term. At $95.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $95.88. If the price goes on to break the first support level at $92.78, it is likely to go to the next support level at $92.22. The third support level lies at $91.23 if the price breaches the second support level.
Light & Wonder Inc (NASDAQ: LNW) Key Stats
There are currently 90,138K shares outstanding in the company with a market cap of 8.28 billion. Presently, the company’s annual sales total 2,902 M according to its annual income of 163,000 K. Last quarter, the company’s sales amounted to 818,000 K and its income totaled 82,000 K.
