The trading price of Lightpath Technologies, Inc (NASDAQ:LPTH) floating higher at last check on current market day and closing at $3.79, 8.60% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $3.38 and $3.83. In examining the 52-week price action we see that the stock hit a 52-week high of $3.59 and a 52-week low of $1.04. Over the past month, the stock has gained 128.31% in value.
Lightpath Technologies, Inc, whose market valuation is $169.24 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.04 per share this quarter, however they have predicted annual earnings per share of -0.14 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 8.4M for the current quarter, with the likely lows of 8.27M and highs of 8.54M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 35.03M.
On the technical side, indicators suggest LPTH has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that LPTH’s price is currently 56.30% off the SMA20 and 96.83% off the SMA50. The RSI metric on the 14-day chart is currently showing 87.27, and weekly volatility stands at 14.11%. When measured over the past 30 days, the indicator reaches 11.49%. Lightpath Technologies, Inc (NASDAQ:LPTH)’s beta value is currently sitting at 1.15, while the Average True Range indicator is currently displaying 0.29. With analysts defining $3-$3 as the low and high price targets, we arrive at a consensus price target of $3 for the trailing 12-month period. The current price is about 20.84% off the estimated low and 20.84% off the forecast high, based on this estimate. Investors will be thrilled if LPTH’s share price rises to $3, which is the median consensus price. At that level, LPTH’s share price would be 20.84% above current price.
To see how Lightpath Technologies, Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: LPTH stock’s performance was 8.60% at last check in today’s session, and 200.79% in the past year.
An evaluation of the daily trading volume of Lightpath Technologies, Inc (NASDAQ:LPTH) indicates that the 3-month average is 202.49K. However, this figure has increased over the past 10 days to an average of 0.66.
Currently, records show that 39.61 million of the company’s shares remain outstanding. The insiders hold 9.15% of outstanding shares, whereasinstitutions hold 40.46%. The stats also highlight that short interest as of 2024-12-13, stood at 72817.0 shares, resulting in a short ratio of 0.31 at that time. From this, we can conclude that short interest is 19.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 48382.0. However, since the stock’s price has seen 200.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
