The trading price of Lightpath Technologies, Inc (NASDAQ:LPTH) closed higher on Friday, January 17, and closing at $3.37, 10.13% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.11 and $3.415. In examining the 52-week price action we see that the stock hit a 52-week high of $4.42 and a 52-week low of $1.04. Over the past month, the stock has gained 53.88% in value.
Lightpath Technologies, Inc, whose market valuation is $133.67 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable.
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 1.81% off the SMA20 and 42.52% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.27, and weekly volatility stands at 10.37%. When measured over the past 30 days, the indicator reaches 12.85%. Lightpath Technologies, Inc (NASDAQ:LPTH)’s beta value is currently sitting at 1.03, while the Average True Range indicator is currently displaying 0.34. 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 10.98% off the estimated low and 10.98% 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 10.98% above current price.
To see how Lightpath Technologies, Inc stock has been performing in comparison to its peers in the industry, here are the numbers: LPTH stock’s performance was 10.13% in the latest trading, and 167.46% in the past year.
An evaluation of the daily trading volume of Lightpath Technologies, Inc (NASDAQ:LPTH) indicates that the 3-month average is 305.89K. However, this figure has increased over the past 10 days to an average of 0.56.
Currently, records show that 39.61 million of the company’s shares remain outstanding. The insiders hold 9.15% of outstanding shares, whereas institutions hold 40.16%. The stats also highlight that short interest as of 2024-12-31, stood at 0.22 million shares, resulting in a short ratio of 0.43 at that time. From this, we can conclude that short interest is 55.00 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 51643.0. However, since the stock’s price has seen -4.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
