Lightpath Technologies, Inc (NASDAQ:LPTH) traded at $4.14 at close of the session on Friday, January 03 and made an upward move of 9.23% on its previous day’s price.
Looking at the stock we see that its previous close was $3.79 and the beta (5Y monthly) reads 1.304 with the day’s price range being $3.81 – $4.14. In terms of its 52-week price range, LPTH has a high of $4.09 and a low of $1.04. The company’s stock has gained about 122.58% over that past 30 days.
Lightpath Technologies, Inc has a market cap of $179.37 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the LPTH stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 52.43% off its SMA20 and 101.65% from its 50-day simple moving average. The RSI (14) is pointing at 85.34 while the volatility over the past week is 10.92% and jumps to 11.81% over the past one month. The beta value is 1.03, while the average true range (ATR) is currently pointing at 0.31. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $3 and a high of $3. These price ends are 27.54% and 27.54% off the current price level respectively, although investors could be excited at the prospect of a 27.54% if the LPTH share price touches on the median price of $3.
Coming back to Lightpath Technologies, Inc (NASDAQ:LPTH), we note that the average 3-month trading volume was 229.46K, while that of the preceding 10-day period stands at 0.66 million. Current shares outstanding are 39.61 million.
The insiders hold 9.15% of the company’s shares while institutions hold 40.46%. The data shows that short shares as of 2024-12-13, stood at 72817.0 at a short ratio of 0.31. This represents a 19.00 short interest in shares outstanding on 2024-12-13. Shares short rose in December from the previous month at 48382.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 17.28% up in year-to-date price movement.
