A new trading day began on Friday, with Lightpath Technologies, Inc (NASDAQ: LPTH) stock price up 10.13% from the previous day of trading, before settling in for the closing price of $3.06. LPTH’s price has ranged from $1.04 to $4.42 over the past 52 weeks.
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A company in the Technology sector has dropped its sales by -1.00% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 25.00%. With a float of $36.03 million, this company’s outstanding shares have now reached $39.61 million.
In an organization with 316 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 27.18%, operating margin of -24.77%, and the pretax margin is -25.72%.
Lightpath Technologies, Inc (LPTH) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electronic Components Industry. The insider ownership of Lightpath Technologies, Inc is 9.15%, while institutional ownership is 40.16%.
Lightpath Technologies, Inc (LPTH) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 25.00% per share during the next fiscal year.
Lightpath Technologies, Inc (NASDAQ: LPTH) Trading Performance Indicators
Here are Lightpath Technologies, Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.22, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.12 in one year’s time.
Technical Analysis of Lightpath Technologies, Inc (LPTH)
Let’s dig in a bit further. During the last 5-days, its volume was 0.35 million. That was inferior than the volume of 0.58 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.91%. Additionally, its Average True Range was 0.34.
During the past 100 days, Lightpath Technologies, Inc’s (LPTH) raw stochastic average was set at 68.93%, which indicates a significant increase from 38.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 121.73% in the past 14 days, which was higher than the 82.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.36, while its 200-day Moving Average is $1.62. However, in the short run, Lightpath Technologies, Inc’s stock first resistance to watch stands at $3.49. Second resistance stands at $3.62. The third major resistance level sits at $3.81. If the price goes on to break the first support level at $3.18, it is likely to go to the next support level at $2.99. The third support level lies at $2.86 if the price breaches the second support level.
Lightpath Technologies, Inc (NASDAQ: LPTH) Key Stats
With a market capitalization of 133.67 million, the company has a total of 39,665K Shares Outstanding. Currently, annual sales are 31,730 K while annual income is -8,010 K. The company’s previous quarter sales were 8,400 K while its latest quarter income was -1,620 K.
