Lightpath Technologies, Inc (NASDAQ:LPTH) has a beta value of 1.03 and has seen 0.42 million shares traded in the recent trading session. The company, currently valued at $180.02M, closed the recent trade at $4.16 per share which meant it gained $0.02 on the day or 0.36% during that session. The LPTH stock price is 0.48% off its 52-week high price of $4.14 and 75.0% above the 52-week low of $1.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.66 million shares traded. The 3-month trading volume is 244.29K shares.
Lightpath Technologies, Inc (NASDAQ:LPTH) trade information
Sporting 0.36% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LPTH stock price touched $4.16 or saw a rise of 5.88%. Year-to-date, Lightpath Technologies, Inc shares have moved 17.71%, while the 5-day performance has seen it change 19.05%. Over the past 30 days, the shares of Lightpath Technologies, Inc (NASDAQ:LPTH) have changed 127.05%. Short interest in the company has seen 72817.0 shares shorted with days to cover at 0.31.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could drop -38.67% from the levels at last check today. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the latest price level in today’s session is 27.88% off the targeted high while a plunge would see the stock lose 27.88% from the levels at last check today.
Lightpath Technologies, Inc (LPTH) estimates and forecasts
Figures show that Lightpath Technologies, Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 217.18% over the past 6 months, with this year growth rate of 33.33%, compared to 0.10% for the industry. Revenue growth from the last financial year stood is estimated to be 10.37%.
4 analysts offering their estimates for the company have set an average revenue estimate of 8.36M for the current quarter. 4 have an estimated revenue figure of 8.61M for the next ending quarter. Year-ago sales stood 7.32M and 7.7M respectively for this quarter and the next, and analysts expect sales will grow by 14.34% for the current quarter and 10.37% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.22% over the past 5 years.
LPTH Dividends
Lightpath Technologies, Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lightpath Technologies, Inc (NASDAQ:LPTH)’s Major holders
Insiders own 2.85% of the company shares, while shares held by institutions stand at 46.79% with a share float percentage of 48.16%. Investors are also buoyed by the number of investors in a company, with Lightpath Technologies, Inc having a total of 37.0 institutions that hold shares in the company. The top two institutional holders are AIGH CAPITAL MANAGEMENT LLC with over 3.72 million shares worth more than $4.69 million. As of 2024-06-30, AIGH CAPITAL MANAGEMENT LLC held 9.8027% of shares outstanding.
The other major institutional holder is AMH EQUITY LTD, with the holding of over 2.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.62 million and represent 7.5628% of shares outstanding.
