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Light & Wonder Inc (LNW) – Don’t Be So Quick to Call it Dead

Light & Wonder Inc (NASDAQ: LNW) is 11.50% higher on its value in year-to-date trading and has touched a low of $56.01 and a high of $108.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LNW stock was last observed hovering at around $96.52 in the last trading session, with the day’s loss setting it -4.97%.

Currently trading at $91.55, the stock is -0.55% and -6.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -5.15% at the moment leaves the stock 9.25% off its SMA200. LNW registered 53.02% gain for a year compared to 6-month gain of 14.95%.

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The stock witnessed a -5.35% loss in the last 1 month and extending the period to 3 months gives it a 7.14%, and is 0.38% up 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 3.85% over the week and 2.79% over the month.

Light & Wonder Inc (LNW) has around 6500 employees, a market worth around $8.28B and $2.99B in sales. Current P/E ratio is 37.77 and Fwd P/E is 17.15. Profit margin for the company is 7.46%. Distance from 52-week low is 63.45% and -15.93% from its 52-week high. The company has generated returns on investments over the last 12 months (4.72%).

The EPS is expected to grow by 127.06% this year

The shares outstanding are 90.00M, and float is at 89.47M with Short Float at 4.96%.

Light & Wonder Inc (LNW) Insider Activity

The most recent transaction is an insider sale by Wilson Matthew R., the company’s President & CEO. SEC filings show that Wilson Matthew R. sold 9,044 shares of the company’s common stock on Mar 07 ’24 at a price of $101.21 per share for a total of $0.92 million. Following the sale, the insider now owns 0.13 million shares.

Light & Wonder Inc disclosed in a document filed with the SEC on Mar 07 ’24 that Lane Siobhan (SVP & CEO – Gaming) sold a total of 3,566 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $100.73 per share for $0.36 million. Following the transaction, the insider now directly holds 11302.0 shares of the LNW stock.

Still, SEC filings show that on Mar 07 ’24, Sottile James (Exec VP, CLO & Corp Sec) disposed off 1,549 shares at an average price of $101.15 for $0.16 million. The insider now directly holds 57,478 shares of Light & Wonder Inc (LNW).

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