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Light & Wonder Inc. (LNW) Looks Ready for Growth Despite -35.03% Change This Year

Light & Wonder Inc. (NASDAQ: LNW) is -35.03% lower on its value in year-to-date trading and has touched a low of $42.76 and a high of $90.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LNW stock was last observed hovering at around $43.69 in the last trading session, with the day’s loss setting it -0.27% off its average median price target of $73.00 for the next 12 months. It is also 58.65% off the consensus price target high of $105.00 offered by 6 analysts, but current levels are 9.54% higher than the price target low of $48.00 for the same period.

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Currently trading at $43.42, the stock is -8.88% and -13.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.33 million and changing -0.62% at the moment leaves the stock -30.34% off its SMA200. LNW registered -37.64% loss for a year compared to 6-month loss of -31.10%. The firm has a 50-day simple moving average (SMA 50) of $5.64 and a 200-day simple moving average (SMA200) of $21.05.

The stock witnessed a -13.76% gain in the last 1 month and extending the period to 3 months gives it a -24.10%, and is -10.40% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.08% over the week and 5.48% over the month.

Light & Wonder Inc. (LNW) has around 9500 employees, a market worth around $4.29B and $2.27B in sales. Current P/E ratio is 144.73 and Fwd P/E is 15.29. Distance from 52-week low is 1.54% and -51.86% from its 52-week high. The company has generated returns on investments over the last 12 months (7.30%).

Light & Wonder Inc. (LNW) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Light & Wonder Inc. (LNW) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Light & Wonder Inc. is expected to release its quarterly report on 11/08/2022.The EPS is expected to grow by 100.60% this year.

Light & Wonder Inc. (LNW) Top Institutional Holders

The shares outstanding are 97.00M, and float is at 90.36M with Short Float at 4.53%.

Light & Wonder Inc. (LNW) Insider Activity

A total of 58 insider transactions have happened at Light & Wonder Inc. (LNW) in the last six months, with sales accounting for 14 and purchases happening 44 times.

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Light & Wonder Inc. (LNW): Who are the competitors?

The company’s main competitors (and peers) include Churchill Downs Incorporated (CHDN) that is trading 7.45% up over the past 12 months and Penn National Gaming Inc. (PENN) that is -57.60% lower over the same period.

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