Latch Inc. (NASDAQ: LTCH) is -86.00% lower on its value in year-to-date trading and has touched a low of $0.80 and a high of $8.82 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 LTCH stock was last observed hovering at around $1.02 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $1.83 for the next 12 months. It is also 57.6% off the consensus price target high of $2.50 offered by analysts, but current levels are 7.83% higher than the price target low of $1.15 for the same period.
Currently trading at $1.06, the stock is -3.06% and 3.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.26 million and changing 3.92% at the moment leaves the stock -51.52% off its SMA200. LTCH registered -86.80% loss for a year compared to 6-month loss of -48.54%.
The stock witnessed a -6.19% gain in the last 1 month and extending the period to 3 months gives it a -1.85%, and is -7.42% 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 11.33% over the week and 11.17% over the month.
Latch Inc. (LTCH) has around 440 employees, a market worth around $166.39M and $48.40M in sales. Distance from 52-week low is 32.33% and -87.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.70%).
Latch Inc. (LTCH) Analyst Forecasts
Latch Inc. is expected to release its quarterly report on 02/23/2023.The EPS is expected to shrink by -875.90% this year
Latch Inc. (LTCH) Top Institutional Holders
The shares outstanding are 141.97M, and float is at 128.09M with Short Float at 4.71%.
Latch Inc. (LTCH) Insider Activity
A total of 18 insider transactions have happened at Latch Inc. (LTCH) in the last six months, with sales accounting for 8 and purchases happening 10 times.