In the last trading session, 1.5 million Latch Inc. (NASDAQ:LTCH) shares changed hands as the company’s beta touched 0. With the company’s per share price at $13.49 changed hands at -$0.21 or -1.53% during last session, the market valuation stood at $1.98B. LTCH’s last price was a discount, traded about -46.03% off its 52-week high of $19.70. The share price had its 52-week low at $9.46, which suggests the last value was 29.87% up since then. When we look at Latch Inc.’s average trading volume, we note the 10-day average is 1.06 million shares, with the 3-month average coming to 1.06 million.
Analysts gave the Latch Inc. (LTCH) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended LTCH as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Latch Inc.’s EPS for the current quarter is expected to be -$0.2.
Latch Inc. (NASDAQ:LTCH) trade information
Instantly LTCH was in red as seen at the end of in last trading. With action -2.67%, the performance over the past five days has been red. The drop to weekly highs of 14.81 on Monday, 09/13/21 subtracted -1.53% to the stock’s daily price. The company’s shares are showing year-to-date upside of 33.30%, with the 5-day performance at -2.67% in the red. However, in the 30-day time frame, Latch Inc. (NASDAQ:LTCH) is 12.51% up.
The consensus price target for the stock as assigned by Wall Street analysts is $15.75, meaning bulls need an upside of 14.35% from its current market value. According to analyst projections, LTCH’s forecast low is $12.00 with $19.00 as the target high. To hit the forecast high, the stock’s price needs a -40.85% plunge from its current level, while the stock would need to tank 11.05% for it to hit the projected low.
Latch Inc. (LTCH) estimates and forecasts
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $10.66 million. 6 analysts are of the opinion that Latch Inc.’s revenue for the quarter ending Dec 2021 will be $14.38 million.
Latch Inc. is expected to release its next quarterly earnings report on June 09.
Latch Inc. (NASDAQ:LTCH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.49% of Latch Inc. shares while 31.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.35%.