A new trading day began on Monday, with Lightpath Technologies, Inc (NASDAQ: LPTH) stock price up 10.96% from the previous day of trading, before settling in for the closing price of $3.65. LPTH’s price has ranged from $1.04 to $4.42 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -15.22%. Meanwhile, its annual earnings per share averaged -12.38%. With a float of $38.88 million, this company’s outstanding shares have now reached $42.89 million.
Considering the fact that the conglomerate employs 316 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 29.63%, operating margin of -27.94%, and the pretax margin is -29.86%.
Lightpath Technologies, Inc (LPTH) Breakdown of a Key Holders of the stock
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 9.36%, while institutional ownership is 37.88%.
Lightpath Technologies, Inc (LPTH) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.06 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -12.38% 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 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.25, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.11 in one year’s time.
Technical Analysis of Lightpath Technologies, Inc (LPTH)
Compared to the last year’s volume of 0.23 million, its volume of 0.4 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 73.01%.
During the past 100 days, Lightpath Technologies, Inc’s (LPTH) raw stochastic average was set at 98.79%, which indicates a significant increase from 97.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.24 in the past 14 days, which was higher than the 0.19 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.21, while its 200-day Moving Average is $2.60. Nevertheless, the first resistance level for the watch stands at $4.20 in the near term. At $4.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.63. If the price goes on to break the first support level at $3.77, it is likely to go to the next support level at $3.50. Now, if the price goes above the second support level, the third support stands at $3.34.
Lightpath Technologies, Inc (NASDAQ: LPTH) Key Stats
With a market capitalization of 173.74 million, the company has a total of 44,451K Shares Outstanding. Currently, annual sales are 31,730 K while annual income is -8,010 K. The company’s previous quarter sales were 9,170 K while its latest quarter income was -3,580 K.
