Lightpath Technologies, Inc (NASDAQ:LPTH)’s traded shares stood at 0.77 million during the last session, with the company’s beta value hitting 1.24. At the close of trading, the stock’s price was $3.49, to imply an increase of 12.58% or $0.39 in intraday trading. The company has a valuation of $138.43M, with an average of 0.6 million shares in intraday trading volume over the past 10 days and average of 191.16K shares over the past 3 months.
Lightpath Technologies, Inc (NASDAQ:LPTH) trade information
After registering a 12.58% upside in the last session, Lightpath Technologies, Inc (LPTH) has traded red over the past five days. The 5-day price performance for the stock is 34.23%, and 110.24% over 30 days. With these gigs, the year-to-date price performance is 176.98%. Short interest in Lightpath Technologies, Inc (NASDAQ:LPTH) saw shorts transact 51643.0 shares and set a 0.64 days time to cover.
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The extremes give us $3 and $3 for target low and target high price respectively. As such, LPTH has been trading 14.04% off suggested target high and 14.04% from its likely low.
Lightpath Technologies, Inc (LPTH) estimates and forecasts
Looking at statistics comparing Lightpath Technologies, Inc share performance against respective industry, we note that the company has outperformed competitors. Lightpath Technologies, Inc (LPTH) shares are 176.98% up over the last 6 months, with its year-to-date growth rate higher than industry average at 33.33% against 0.10%. The rating firms project that company’s revenue will grow 10.42% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 8.4M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 8.6M.Earnings reports from the last fiscal year show that sales brought in 7.32M and 7.7M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.77% before jumping 11.67% in the following quarter.
LPTH Dividends
Lightpath Technologies, Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Lightpath Technologies, Inc (NASDAQ:LPTH)’s Major holders
Lightpath Technologies, Inc insiders hold 9.15% of total outstanding shares, with institutional holders owning 45.72% of the shares at 50.32% float percentage. In total, 45.72% institutions holds shares in the company, led by AIGH CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 3.72 million shares (or 9.8027% of shares), all amounting to roughly $4.69 million.
The next major institution holding the largest number of shares is AMH EQUITY LTD with 2.87 million shares, or about 7.5628% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.62 million.
We also have Vanguard Total Stock Market Index Fund and Royce Micro-Cap Fund as the top two Mutual Funds with the largest holdings of the Lightpath Technologies, Inc (LPTH) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 1.2 shares. This is just over 3.02% of the total shares, with a market valuation of $4.18 million. Data from the same date shows that the other fund manager holds a little less at 852.68, or 2.15% of the shares, all valued at about 2.98 million.
