Latch Inc. (NASDAQ:LTCH) went down by -5.97% from its latest closing price compared to the recent 1-year high of $14.83. The company’s stock price has collected -3.82% of loss in the last five trading sessions.
Is It Worth Investing in Latch Inc. (NASDAQ :LTCH) Right Now?
Opinions of the stock are interesting as 4 analysts out of 11 who provided ratings for Latch Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $4.02, which is $2.98 above the current price. LTCH currently public float of 127.76M and currently shorts hold a 8.35% ratio of that float. Today, the average trading volume of LTCH was 2.15M shares.
LTCH’s Market Performance
LTCH stocks went down by -3.82% for the week, with a monthly drop of -42.47% and a quarterly performance of -71.56%, while its annual performance rate touched -89.98%. The volatility ratio for the week stands at 9.14% while the volatility levels for the past 30 days are set at 10.52% for Latch Inc. The simple moving average for the period of the last 20 days is -30.29% for LTCH stocks with a simple moving average of -80.53% for the last 200 days.
Analysts’ Opinion of LTCH
Many brokerage firms have already submitted their reports for LTCH stocks, with Cantor Fitzgerald repeating the rating for LTCH by listing it as a “Neutral.” The predicted price for LTCH in the upcoming period, according to Cantor Fitzgerald is $5 based on the research report published on February 25th of the current year 2022.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see LTCH reach a price target of $7.50. The rating they have provided for LTCH stocks is “Mkt Perform” according to the report published on February 14th, 2022.
Colliers Securities gave a rating of “Buy” to LTCH, setting the target price at $8 in the report published on February 08th of the current year.
LTCH Trading at -51.51% 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 -91.50% of loss for the given period.
Volatility was left at 10.52%, however, over the last 30 days, the volatility rate increased by 9.14%, as shares sank -47.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -65.67% lower at present.
During the last 5 trading sessions, LTCH fell by -3.82%, which changed the moving average for the period of 200-days by -90.91% in comparison to the 20-day moving average, which settled at $1.7515. In addition, Latch Inc. saw -83.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LTCH
Equity return is now at value -43.20, with -37.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.