The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LPTH is 35.27M, and at present, short sellers hold a 0.27% of that float. On April 11, 2024, the average trading volume of LPTH was 52.78K shares.
LPTH) stock’s latest price update
The stock price of Lightpath Technologies, Inc. (NASDAQ: LPTH) has jumped by 4.70 compared to previous close of 1.49. Despite this, the company has seen a gain of 7.59% in its stock price over the last five trading days. InvestorPlace reported 2024-04-07 that For the most extreme opportunities in the market this side of an options trade, your best bet may be to consider penny stocks to watch in Q2. And by bet, I’m meaning exactly that – this arena should be treated like a casino.
LPTH’s Market Performance
Lightpath Technologies, Inc. (LPTH) has experienced a 7.59% rise in stock performance for the past week, with a 8.33% rise in the past month, and a 26.83% rise in the past quarter. The volatility ratio for the week is 5.58%, and the volatility levels for the past 30 days are at 4.64% for LPTH. The simple moving average for the past 20 days is 7.04% for LPTH’s stock, with a 4.69% simple moving average for the past 200 days.
Analysts’ Opinion of LPTH
Many brokerage firms have already submitted their reports for LPTH stocks, with H.C. Wainwright repeating the rating for LPTH by listing it as a “Buy.” The predicted price for LPTH in the upcoming period, according to H.C. Wainwright is $5.50 based on the research report published on February 23, 2021 of the previous year 2021.
Dougherty & Company gave a rating of “Buy” to LPTH, setting the target price at $3.10 in the report published on October 06th of the previous year.
LPTH Trading at 4.50% from the 50-Day Moving Average
After a stumble in the market that brought LPTH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.00% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares surge +9.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.29% upper at present.
During the last 5 trading sessions, LPTH rose by +7.59%, which changed the moving average for the period of 200-days by +18.18% in comparison to the 20-day moving average, which settled at $1.4640. In addition, Lightpath Technologies, Inc. saw 23.81% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for LPTH
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.31 for the gross margin
The net margin for Lightpath Technologies, Inc. stands at -0.15. The total capital return value is set at -0.11. Equity return is now at value -16.25, with -9.95 for asset returns.
Based on Lightpath Technologies, Inc. (LPTH), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is -19.98.
Currently, EBITDA for the company is -0.43 million with net debt to EBITDA at -5.56. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 6.9for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To sum up, Lightpath Technologies, Inc. (LPTH) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
