During the recent session, Lightpath Technologies, Inc (NASDAQ:LPTH)’s traded shares were 0.85 million, with the beta value of the company hitting 1.62. At the last check today, the stock’s price was $2.60, reflecting an intraday loss of -25.93% or -$0.91. The 52-week high for the LPTH share is $4.42, that puts it down -70.0 from that peak though still a striking 60.0% gain since the share price plummeted to a 52-week low of $1.04. The company’s market capitalization is $103.13M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 366.77K shares over the past three months.
Lightpath Technologies, Inc (NASDAQ:LPTH) trade information
Lightpath Technologies, Inc (LPTH) registered a -25.93% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -25.93% in intraday trading to $2.60, hitting a weekly high. The stock’s 5-day price performance is -23.53%, and it has moved by -12.46% in 30 days. Based on these gigs, the overall price performance for the year is 73.33%. The short interest in Lightpath Technologies, Inc (NASDAQ:LPTH) is 96288.0 shares and it means that shorts have 0.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 13.33% 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 discount of -15.38% off the target high and -15.38% off the low.
Lightpath Technologies, Inc (LPTH) estimates and forecasts
In the rating firms’ projections, revenue will increase 10.37% 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 8.36M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 8.61M 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 14.34% and then jump by 11.88% in the coming quarter.
LPTH Dividends
Lightpath Technologies, Inc is due to release its next quarterly earnings in March. 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
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.
Also, the Mutual Funds coming in first place with the largest holdings of Lightpath Technologies, Inc (LPTH) shares are Vanguard Total Stock Market Index Fund and Royce Micro-Cap Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.2 shares. This amounts to just over 3.02 percent of the company’s overall shares, with a $3.44 million market value. The same data shows that the other fund manager holds slightly less at 852.68, or about 2.15% of the stock, which is worth about $2.45 million.
