During the recent session, Lightpath Technologies, Inc (NASDAQ:LPTH)’s traded shares were 0.51 million, with the beta value of the company hitting 1.05. At the last check today, the stock’s price was $3.95, reflecting an intraday gain of 11.90% or $0.42. The 52-week high for the LPTH share is $3.83, that puts it up 3.04 from that peak though still a striking 73.67% gain since the share price plummeted to a 52-week low of $1.04. The company’s market capitalization is $156.68M, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 217.36K shares over the past three months.
Lightpath Technologies, Inc (NASDAQ:LPTH) trade information
Lightpath Technologies, Inc (LPTH) registered a 11.90% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.90% in intraday trading to $3.95, hitting a weekly high. The stock’s 5-day price performance is 21.54%, and it has moved by 116.44% in 30 days. Based on these gigs, the overall price performance for the year is 212.25%. The short interest in Lightpath Technologies, Inc (NASDAQ:LPTH) is 72817.0 shares and it means that shorts have 0.31 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies a decrease of -31.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, LPTH is trading at a premium of 24.05% off the target high and 24.05% off the low.
Lightpath Technologies, Inc (LPTH) estimates and forecasts
Statistics show that Lightpath Technologies, Inc has outperformed its competitors in share price, compared to the industry in which it operates. Lightpath Technologies, Inc (LPTH) shares have gone up 188.32% during the last six months, with a year-to-date growth rate more than the industry average at 33.33% against 0.10. In the rating firms’ projections, revenue will increase 10.42% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.4M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 8.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.32M and 7.7M respectively. In this case, analysts expect current quarter sales to grow by 14.77% and then jump by 11.67% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.22%. While earnings are projected to return 25.00% in 2025.
LPTH Dividends
Lightpath Technologies, Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lightpath Technologies, Inc (NASDAQ:LPTH)’s Major holders
Lightpath Technologies, Inc insiders own 2.85% of total outstanding shares while institutional holders control 46.79%, with the float percentage being 48.16%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 37.0 institutions own stock in it. As of 2024-06-30, the company held over 3.72 million shares (or 9.8027% of all shares), a total value of $4.69 million in shares.
The next largest institutional holding, with 2.87 million shares, is of AMH EQUITY LTD’s that is approximately 7.5628% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.62 million.
