Lightpath Technologies, Inc (NASDAQ: LPTH) kicked off on Monday, up 11.66% from the previous trading day, before settling in for the closing price of $4.03. Over the past 52 weeks, LPTH has traded in a range of $1.04-$4.42.
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During the last 5-year period, the sales drop of Technology Sector giant was -15.22%. While this was happening, its average annual earnings per share was recorded -12.38%. With a float of $39.14 million, this company’s outstanding shares have now reached $42.89 million.
Let’s determine the extent of company efficiency that accounts for 316 employees.
Lightpath Technologies, Inc (LPTH) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Electronic Components Industry. The insider ownership of Lightpath Technologies, Inc is 8.77%, while institutional ownership is 37.65%.
Lightpath Technologies, Inc (LPTH) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.06 earnings per share (EPS), lower than consensus estimate (set at -0.05) by -0.02. 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
Take a look at Lightpath Technologies, Inc’s (LPTH) current performance indicators. Last quarter, 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 5.74.
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)
Looking closely at Lightpath Technologies, Inc (NASDAQ: LPTH), its last 5-days average volume was 1.2 million, which is a jump from its year-to-date volume of 0.26 million. As of the previous 9 days, the stock’s Stochastic %D was 72.55%.
During the past 100 days, Lightpath Technologies, Inc’s (LPTH) raw stochastic average was set at 90.07%, which indicates a significant increase from 78.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.30 in the past 14 days, which was higher than the 0.21 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.30, while its 200-day Moving Average is $2.65. However, in the short run, Lightpath Technologies, Inc’s stock first resistance to watch stands at $4.82. Second resistance stands at $5.14. The third major resistance level sits at $5.46. If the price goes on to break the first support level at $4.18, it is likely to go to the next support level at $3.86. Now, if the price goes above the second support level, the third support stands at $3.54.
Lightpath Technologies, Inc (NASDAQ: LPTH) Key Stats
The company with the Market Capitalisation of 193.05 million has total of 44,451K Shares Outstanding. Its annual sales at the moment are 31,730 K in contrast with the sum of -8,010 K annual income. Company’s last quarter sales were recorded 9,170 K and last quarter income was -3,580 K.
