Latch Inc. (NASDAQ:LTCH) went up by 7.01% from its latest closing price compared to the recent 1-year high of $19.70. The company’s stock price has collected -0.62% of loss in the last five trading sessions. Press Release reported on 06/09/21 that Latch Reports First Quarter 2021 Financial Results
Is It Worth Investing in Latch Inc. (NASDAQ :LTCH) Right Now?
Opinions of the stock are interesting as 3 analysts out of 4 who provided ratings for Latch Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $16.33. Today, the average trading volume of LTCH was 911.60K shares.
LTCH’s Market Performance
LTCH stocks went down by -0.62% for the week, with a monthly drop of -10.23% and a quarterly performance of 10.63%. The volatility ratio for the week stands at 7.89% while the volatility levels for the past 30 days are set at 5.61% for Latch Inc.. The simple moving average for the period of the last 20 days is -8.11% for LTCH stocks with a simple moving average of -6.47% for the last 200 days.
Analysts’ Opinion of LTCH
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see LTCH reach a price target of $19. The rating they have provided for LTCH stocks is “Overweight” according to the report published on July 01st, 2021.
Robert W. Baird gave a rating of “Neutral” to LTCH, setting the target price at $14 in the report published on June 17th of the current year.
LTCH Trading at -1.90% from the 50-Day Moving Average
After a stumble in the market that brought LTCH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.45% of loss for the given period.
Volatility was left at 5.61%, however, over the last 30 days, the volatility rate increased by 7.89%, as shares sank -11.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.08% upper at present.
During the last 5 trading sessions, LTCH fell by -0.62%, in comparison to the 20-day moving average, which settled at $12.05. In addition, Latch Inc. saw 10.08% in overturn over a single year, with a tendency to cut further gains.