A new trading day began on Tuesday, with Lightpath Technologies, Inc (NASDAQ: LPTH) stock price down -8.22% from the previous day of trading, before settling in for the closing price of $5.35. LPTH’s price has ranged from $1.04 to $5.47 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -15.22%. Meanwhile, its annual earnings per share averaged -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
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 8.77%, while institutional ownership is 37.67%.
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 -0.04 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 6.26.
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 1.64 million, which is a jump from its year-to-date volume of 0.3 million. As of the previous 9 days, the stock’s Stochastic %D was 87.36%.
During the past 100 days, Lightpath Technologies, Inc’s (LPTH) raw stochastic average was set at 85.45%, which indicates a significant increase from 73.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.41 in the past 14 days, which was higher than the 0.22 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.51, while its 200-day Moving Average is $2.74. However, in the short run, Lightpath Technologies, Inc’s stock first resistance to watch stands at $5.21. Second resistance stands at $5.51. The third major resistance level sits at $5.76. If the price goes on to break the first support level at $4.66, it is likely to go to the next support level at $4.41. Now, if the price goes above the second support level, the third support stands at $4.11.
Lightpath Technologies, Inc (NASDAQ: LPTH) Key Stats
With a market capitalization of 210.63 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.
