Light & Wonder Inc (NASDAQ: LNW) is 13.38% higher on its value in year-to-date trading and has touched a low of $67.71 and a high of $115.00 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 $91.61 in the last trading session, with the day’s gains setting it 1.49%.
Currently trading at $93.10, the stock is -13.57% and -11.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 1.63% at the moment leaves the stock -3.11% off its SMA200. LNW registered 32.09% gain for a year compared to 6-month gain of -10.46%. The firm has a 50-day simple moving average (SMA 50) of $105.2982 and a 200-day simple moving average (SMA200) of $96.1305.
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The stock witnessed a -13.96% loss in the last 1 month and extending the period to 3 months gives it a -12.26%, and is -17.23% 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 3.49% over the week and 2.56% over the month.
Light & Wonder Inc (LNW) has around 6500 employees, a market worth around $8.26B and $3.08B in sales. Current P/E ratio is 27.99 and Fwd P/E is 17.13. Profit margin for the company is 9.95%. Distance from 52-week low is 37.50% and -19.04% from its 52-week high. The company has generated returns on investments over the last 12 months (6.56%).
The EPS is expected to grow by 122.09% this year
370.0 institutions hold shares in Light & Wonder Inc (LNW), with institutional investors hold 76.03% of the company’s shares. The shares outstanding are 90.00M, and float is at 88.19M with Short Float at 2.86%. Institutions hold 75.61% of the Float.
Light & Wonder Inc (LNW) Insider Activity
Light & Wonder Inc disclosed in a document filed with the SEC on May 17 ’24 that Korsanos Antonia (Director) bought a total of 70 shares of the company’s common stock. The trade occurred on May 17 ’24 and was made at $95.04 per share for $6653.0. Following the transaction, the insider now directly holds 313.0 shares of the LNW stock.
Still, SEC filings show that on May 13 ’24, Korsanos Antonia (Director) acquired 72 shares at an average price of $91.51 for $6589.0. The insider now directly holds 243 shares of Light & Wonder Inc (LNW).
