LightPath Technologies Inc. (NASDAQ:LPTH) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 9.59% to the previous day’s close as strong demand from buyers drove the stock to $2.40.
Actively observing the price movement in the last trading, the stock closed the session at $2.19, falling within a range of $2.3364 and $2.51. The value of beta (5-year monthly) was 1.37 whereas the PE ratio was 184.62 over 12-month period. Referring to stock’s 52-week performance, its high was $5.45, and the low was $1.95. On the whole, LPTH has fluctuated by -4.00% over the past month.
With the market capitalization of LightPath Technologies Inc. currently standing at about $65.18 million, investors are eagerly awaiting this quarter’s results, scheduled for Sep 08, 2021 – Sep 13, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0.04 for fiscal year -$0.01 and then to about $0.08 by fiscal year 2022. Data indicates that the EPS growth is expected to be -133.30% in 2022, while the next year’s EPS growth is forecast to be 900.00%.
Analysts have estimated the company’s revenue for the quarter at $9.35 million, with a low estimate of $8.33 million and a high estimate of $10.08 million. According to the average forecast, sales growth in current quarter could jump up 2.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $39.48 million, representing an increase of 12.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LPTH’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LPTH currently trading nearly -0.99% and -2.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.65, while the 7-day volatility ratio is showing 6.16% which for the 30-day chart, stands at 6.92%. Furthermore, LightPath Technologies Inc. (LPTH)’s beta value is 1.37, and its average true range (ATR) is 0.19.
A comparison of LightPath Technologies Inc. (LPTH) with its peers suggests the former has fared considerably weaker in the market. LPTH showed an intraday change of 9.59% in last session, and over the past year, it shrunk by -24.53%%. In comparison, Viavi Solutions Inc. (VIAV) has moved higher at 0.90% on the day and was up 24.48% over the past 12 months. On the other hand, the price of II-VI Incorporated (IIVI) has risen 2.26% on the day. The stock, however, is off 59.90% from where it was a year ago. Additionally, there is a gain of 2.92% for IPG Photonics Corporation (IPGP) in last trading while the stock has seen an overall depriciation of 19.01%% over the past year. The PE ratio stands at 184.62 for LightPath Technologies Inc., compared to 51.80 for Viavi Solutions Inc., and 31.81 for II-VI Incorporated. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.82%. Meanwhile, the Dow Jones Industrial Improved by 0.83%.
Data on historical trading for LightPath Technologies Inc. (NASDAQ:LPTH) indicates that the trading volumes over the past 3 months, they’ve averaged 2.18 million. According to company’s latest data on outstanding shares, there are 26.37 million shares outstanding.
Nearly 6.50% of LightPath Technologies Inc.’s shares belong to company insiders and institutional investors own 25.80% of the company’s shares. The stock has fallen by -38.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LPTH stock heading into the next quarter.