Laser Photonics Corp (NASDAQ:LASE) price on current trading day, fall -40.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.41.
A look at the stock’s price movement, the close in the last trading session was $9.15, moving within a range at $4.15 and $8.84. Turning to its 52-week performance, $9.36 and $0.67 were the 52-week high and 52-week low respectively. Overall, LASE moved 24.65% over the past month.
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Laser Photonics Corp’s market cap currently stands at around $66.38 million, with investors looking forward to this quarter’s earnings report slated for in October.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LASE is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
LASE’s current price about 34.13% and 86.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.79, while 7-day volatility ratio is 46.42% and 29.10% in the 30-day chart. Further, Laser Photonics Corp (LASE) has a beta value of 1.21, and an average true range (ATR) of 1.24.
If we refocus on Laser Photonics Corp (NASDAQ:LASE), historical trading data shows that trading volumes averaged 1.97 over the past 10 days and 543.36K over the past 3 months. The company’s latest data on shares outstanding shows there are 9.25 million shares.
The 63.49% of Laser Photonics Corp’s shares are in the hands of company insiders while institutional holders own 1.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.33 million on 2024-08-15, giving us a short ratio of 0.58. The data shows that as of 2024-08-15 short interest in Laser Photonics Corp (LASE) stood at 743.0000000000001 of shares outstanding, with shares short rising to 26232.0 registered in 2024-07-15. Current price change has pushed the stock 358.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LASE stock continues to rise going into the next quarter.
