Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
As of close of business last night, Lightpath Technologies, Inc’s stock clocked out at $2.52, up 15.07% from its previous closing price of $2.19. In other words, the price has increased by $15.07 from its previous closing price. On the day, 0.68 million shares were traded. LPTH stock price reached its highest trading level at $2.54 during the session, while it also had its lowest trading level at $2.111.
Ratios:
To gain a deeper understanding of LPTH’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.29.
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, H.C. Wainwright on February 23, 2021, initiated with a Buy rating and assigned the stock a target price of $5.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LPTH now has a Market Capitalization of 99955544 and an Enterprise Value of 108463872. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.12 while its Price-to-Book (P/B) ratio in mrq is 3.39. Its current Enterprise Value per Revenue stands at 3.384 whereas that against EBITDA is -30.059.
Stock Price History:
Over the past 52 weeks, LPTH has reached a high of $2.33, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is 50.15%, while the 200-Day Moving Average is calculated to be 75.69%.
Shares Statistics:
It appears that LPTH traded 132.68K shares on average per day over the past three months and 379130 shares per day over the past ten days. A total of 39.61M shares are outstanding, with a floating share count of 36.46M. Insiders hold about 8.08% of the company’s shares, while institutions hold 40.46% stake in the company. Shares short for LPTH as of 1732838400 were 51643 with a Short Ratio of 0.39, compared to 1730332800 on 67659. Therefore, it implies a Short% of Shares Outstanding of 51643 and a Short% of Float of 0.13.
