In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The closing price of Light & Wonder Inc (NASDAQ: LNW) was $88.47 for the day, down -1.39% from the previous closing price of $89.72. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 0.67 million shares were traded. LNW stock price reached its highest trading level at $90.61 during the session, while it also had its lowest trading level at $87.95.
Ratios:
Our analysis of LNW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 5.14 whereas as Long-Term Debt/Eq ratio is at 5.09.
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 this company, Mizuho on March 26, 2024, initiated with a Underperform rating and assigned the stock a target price of $83.
On March 11, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $105 to $110.
On January 30, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $98.JP Morgan initiated its Overweight rating on January 30, 2024, with a $98 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when Wilson Matthew R. sold 9,044 shares for $101.21 per share. The transaction valued at 915,343 led to the insider holds 125,940 shares of the business.
Lane Siobhan sold 3,566 shares of LNW for $359,203 on Mar 07 ’24. The SVP & CEO – Gaming now owns 11,302 shares after completing the transaction at $100.73 per share. On Mar 07 ’24, another insider, Sottile James, who serves as the Exec VP, CLO & Corp Sec of the company, sold 1,549 shares for $101.15 each. As a result, the insider received 156,681 and left with 57,478 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LNW now has a Market Capitalization of 7947197952 and an Enterprise Value of 11454195712. As of this moment, Light’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.01, and their Forward P/E ratio for the next fiscal year is 17.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 70.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.74 while its Price-to-Book (P/B) ratio in mrq is 10.41. Its current Enterprise Value per Revenue stands at 3.947 whereas that against EBITDA is 11.981.
Stock Price History:
The Beta on a monthly basis for LNW is 1.80, which has changed by 0.47548366 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, LNW has reached a high of $108.90, while it has fallen to a 52-week low of $56.01. The 50-Day Moving Average of the stock is -8.28%, while the 200-Day Moving Average is calculated to be 8.08%.
Shares Statistics:
LNW traded an average of 594.65K shares per day over the past three months and 563790 shares per day over the past ten days. A total of 90.00M shares are outstanding, with a floating share count of 88.92M. Insiders hold about 1.02% of the company’s shares, while institutions hold 81.09% stake in the company. Shares short for LNW as of 1711584000 were 4370358 with a Short Ratio of 7.35, compared to 1709164800 on 3029956. Therefore, it implies a Short% of Shares Outstanding of 4370358 and a Short% of Float of 7.26.
Earnings Estimates
The stock of Light & Wonder Inc (LNW) is currently in the spotlight, with 7 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $0.79 and a low estimate of $0.49, while EPS last year was $0.23. The consensus estimate for the next quarter is $0.94, with high estimates of $1.09 and low estimates of $0.82.
Analysts are recommending an EPS of between $4.19 and $3.3 for the fiscal current year, implying an average EPS of $3.76. EPS for the following year is $5.16, with 8 analysts recommending between $5.89 and $4.28.
Revenue Estimates
A total of 12 analysts have provided revenue estimates for LNW’s current fiscal year. The highest revenue estimate was $3.18B, while the lowest revenue estimate was $3.05B, resulting in an average revenue estimate of $3.12B. In the same quarter a year ago, actual revenue was $2.9B, up 7.70% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $3.4B in the next fiscal year. The high estimate is $3.7B and the low estimate is $3.15B. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.
