LightPath Technologies Inc. (LPTH) concluded trading on 01/12/23 at a closing price of $1.54, with 0.79 million shares of worth about $1.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.23% during that period and on Thursday the price saw a gain of about 6.94%. Currently the company’s common shares owned by public are about 27.07M shares, out of which, 21.21M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the LPTH stock and their offered price forecasts bring an average price target of $2.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $2.00. The stock’s current price level is 38.4% above of average price target set by the analysts, while a rise to estimated low would result in gain of 23.0% for the stock. However, touching the estimated high of $3.00 would mean a gain of 48.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 20 times over the past 12 months. They bought 144,718 shares in 20 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Royce Micro Cap Fund, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in LightPath Technologies Inc. Royce Micro Cap Fund is currently holding 0.83 million shares of worth totaling $1.01 million. The company recently came buying 0.0 shares which brought its stake up to 3.06% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 0.37 million shares, have now control over 1.36% of the stake in the company. It holds 0.0 shares of worth $0.45 million.
LightPath Technologies Inc. (NASDAQ: LPTH) started trading at $1.32, below -$0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 1.5500, or with a gain of 6.94%. Stock saw a price change of 28.33% in past 5 days and over the past one month there was a price change of 38.74%. Year-to-date (YTD), LPTH shares are showing a performance of 26.23% which decreased to -36.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.99 but also hit the highest price of $2.87 during that period. The average intraday trading volume for LightPath Technologies Inc. shares is 33.88K. The stock is currently trading 27.93% above its 20-day simple moving average (SMA20), while that difference is up 31.82% for SMA50 and it goes to 10.04% higher than SMA200.
LightPath Technologies Inc. (NASDAQ: LPTH) currently have 27.07M outstanding shares and institutions hold larger chunk of about 35.10% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $39.72M and its 3Y-monthly beta is at 1.66. It has posted earnings per share of -$0.16 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LPTH, volatility over the week remained 9.60% while standing at 6.87% over the month.
Analysts are in expectations that LightPath Technologies Inc. (LPTH) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -8.30% while it is estimated to increase by 35.70% in next year.
Analysts at 2 brokerage firms have issued recommendations for the LightPath Technologies Inc. (LPTH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on February 23, 2021 offering a Buy rating for the stock and assigned a target price of $5.50 to it. On October 06, 2017, Dougherty & Company Resumed their recommendations, while on May 05, 2017, Dougherty & Company Reiterated their ratings for the stock with a price target of $3.50. Stock get a Buy rating from Dougherty & Company on January 10, 2017.