The stock of Laser Photonics Corp (LASE) has seen a 37.75% increase in the past week, with a 266.75% gain in the past month, and a 646.88% flourish in the past quarter. The volatility ratio for the week is 41.45%, and the volatility levels for the past 30 days are at 34.53% for LASE. The simple moving average for the past 20 days is 81.13% for LASE’s stock, with a 494.51% simple moving average for the past 200 days.
Is It Worth Investing in Laser Photonics Corp (NASDAQ: LASE) Right Now?
The 36-month beta value for LASE is at 3.04. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LASE is 4.98M, and currently, shorts hold a 18.12% of that float. The average trading volume for LASE on September 30, 2024 was 1.09M shares.
LASE) stock’s latest price update
The stock of Laser Photonics Corp (NASDAQ: LASE) has increased by 12.91 when compared to last closing price of 12.70.Despite this, the company has seen a gain of 37.75% in its stock price over the last five trading days. accesswire.com reported 2024-09-29 that NEW YORK, NY / ACCESSWIRE / September 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Laser Photonics Corporation (“Laser Photonics Corporation”) (NASDAQ:LASE) concerning possible violations of federal securities laws. Laser Photonics disclosed in a filing with the U.S. Securities and Exchange Commission on September 23, 2024, “that the Company’s previously issued financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and the Quarterly Report on Form 10-Q for the period ended June 30, 2024, should no longer be relied upon as a result of the Company’s predecessor auditor, Fruci & Associates II, PLLC (‘Fruci’), identifying an adjusting entry that Fruci had proposed and that was posted by the Company that overstated deferred revenue and needed to be corrected as discussed in further detail in Note 7 of the December 31, 2023, financial statements in the Company’s Form 10-K/A that it filed on August 28, 2024, and the Form 10-Q/A filed September 12, 2024.
LASE Trading at 201.29% from the 50-Day Moving Average
After a stumble in the market that brought LASE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.58% of loss for the given period.
Volatility was left at 34.53%, however, over the last 30 days, the volatility rate increased by 41.45%, as shares surge +228.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +620.60% upper at present.
During the last 5 trading sessions, LASE rose by +37.75%, which changed the moving average for the period of 200-days by +1,617.37% in comparison to the 20-day moving average, which settled at $8.42. In addition, Laser Photonics Corp saw 1115.25% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for LASE
Current profitability levels for the company are sitting at:
- -1.49 for the present operating margin
- 0.28 for the gross margin
The net margin for Laser Photonics Corp stands at -1.62. The total capital return value is set at -0.44. Equity return is now at value -24.77, with -23.29 for asset returns.
Based on Laser Photonics Corp (LASE), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -14.87. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 23.14.
Currently, EBITDA for the company is -3.05 million with net debt to EBITDA at 0.61. When we switch over and look at the enterprise to sales, we see a ratio of 62.92. The receivables turnover for the company is 6.95for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.20.
Conclusion
In conclusion, Laser Photonics Corp (LASE) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
