Lightpath Technologies, Inc (NASDAQ: LPTH) is 168.25% higher on its value in year-to-date trading and has touched a low of $1.04 and a high of $3.35 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 LPTH stock was last observed hovering at around $3.25 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $3.25, the stock is 50.38% and 78.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.52 million and changing 0.00% at the moment leaves the stock 121.04% off its SMA200. LPTH registered 148.53% gain for a year compared to 6-month gain of 177.05%. The firm has a 50-day simple moving average (SMA 50) of $1.7808 and a 200-day simple moving average (SMA200) of $1.4608.
The stock witnessed a 126.85% loss in the last 1 month and extending the period to 3 months gives it a 156.06%, and is 34.13% 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 15.73% over the week and 11.22% over the month.
Lightpath Technologies, Inc (LPTH) has around 316 employees, a market worth around $128.91M and $32.05M in sales. Profit margin for the company is -25.86%. Distance from 52-week low is 212.50% and -2.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.78%).
with sales reaching $8.4M over the same period.The EPS is expected to grow by 27.38% this year, but quarterly earnings will post 10.42% year-over-year. Quarterly sales are estimated to grow 14.77% in year-over-year returns.
37.0 institutions hold shares in Lightpath Technologies, Inc (LPTH), with institutional investors hold 50.32% of the company’s shares. The shares outstanding are 39.61M, and float is at 36.03M with Short Float at 0.20%. Institutions hold 45.72% of the Float.
The top institutional shareholder in the company is AIGH CAPITAL MANAGEMENT LLC with over 3.72 million shares valued at $4.69 million. The investor’s holdings represent 9.8027 of the LPTH Shares outstanding. As of 2024-06-30, the second largest holder is AMH EQUITY LTD with 2.87 million shares valued at $3.62 million to account for 7.5628 of the shares outstanding. The other top investors are ARCHON CAPITAL MANAGEMENT LLC which holds 1.91 million shares representing 5.0278 and valued at over $2.41 million, while AWM INVESTMENT COMPANY, INC. holds 4.8041 of the shares totaling 1.82 million with a market value of $2.3 million.
