What shareholders can do to beat the market with Latch Inc. (LTCH) stock

As of close of business last night, Latch Inc.’s stock clocked out at $0.95, up 11.49% from its previous closing price of $0.86. In other words, the price has increased by $+0.0983 from its previous closing price. On the day, 691327 shares were traded. LTCH stock price reached its highest trading level at $0.9642 during the session, while it also had its lowest trading level at $0.8300.

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Ratios:

To gain a deeper understanding of LTCH’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.50 and its Current Ratio is at 8.00. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on July 25, 2022, Downgraded its rating to Underperform and sets its target price to $1.15 from $3.25 previously.

Cantor Fitzgerald Downgraded its Overweight to Neutral on February 25, 2022, whereas the target price for the stock was revised from $16 to $5.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.82 while its Price-to-Book (P/B) ratio in mrq is 0.40.

Stock Price History:

Over the past 52 weeks, LTCH has reached a high of $6.73, while it has fallen to a 52-week low of $0.53. The 50-Day Moving Average of the stock is 0.8562, while the 200-Day Moving Average is calculated to be 1.4625.

Shares Statistics:

It appears that LTCH traded 636.35K shares on average per day over the past three months and 321.19k shares per day over the past ten days. A total of 141.97M shares are outstanding, with a floating share count of 128.09M. Insiders hold about 0.50% of the company’s shares, while institutions hold 48.40% stake in the company. Shares short for LTCH as of Oct 13, 2022 were 6.43M with a Short Ratio of 4.79M, compared to 5.4M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.44% and a Short% of Float of 7.34%.

Earnings Estimates

As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.28 for the current quarter, with a high estimate of -$0.27 and a low estimate of -$0.3, while EPS last year was -$0.66. The consensus estimate for the next quarter is -$0.29, with high estimates of -$0.27 and low estimates of -$0.32.

Analysts are recommending an EPS of between -$1.09 and -$1.37 for the fiscal current year, implying an average EPS of -$1.23. EPS for the following year is -$0.97, with 5 analysts recommending between -$0.78 and -$1.11.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $16.62M. It ranges from a high estimate of $17.7M to a low estimate of $14.7M. As of the current estimate, Latch Inc.’s year-ago sales were $10.07M, an estimated increase of 65.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $23.2M, an increase of 107.20% over than the figure of $65.00% in the same quarter last year. There is a high estimate of $27M for the next quarter, whereas the lowest estimate is $21.2M.

A total of 7 analysts have provided revenue estimates for LTCH’s current fiscal year. The highest revenue estimate was $88.9M, while the lowest revenue estimate was $75M, resulting in an average revenue estimate of $78.6M. In the same quarter a year ago, actual revenue was $41.36M, up 90.00% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $153.55M in the next fiscal year. The high estimate is $185.1M and the low estimate is $132M. The average revenue growth estimate for next year is up 95.40% from the average revenue estimate for this year.