Lakeland Industries, Inc (NASDAQ: LAKE) Stock Dropped -34.10% Over A Month – Is There Any Hope Of A Gain?

During the last session, Lakeland Industries, Inc (NASDAQ:LAKE)’s traded shares were 0.24 million, with the beta value of the company hitting 1.11. At the end of the trading day, the stock’s price was $12.81, reflecting an intraday loss of -3.32% or -$0.44. The 52-week high for the LAKE share is $27.28, that puts it down -112.96 from that peak though still a striking -2.19% loss since the share price plummeted to a 52-week low of $13.09. The company’s market capitalization is $121.88M, and the average trade volume was 125.31K shares over the past three months.

Lakeland Industries, Inc (LAKE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. LAKE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.

Lakeland Industries, Inc (NASDAQ:LAKE) trade information

Lakeland Industries, Inc (LAKE) registered a -3.32% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.32% in intraday trading to $12.81, hitting a weekly high. The stock’s 5-day price performance is -15.61%, and it has moved by -34.10% in 30 days. Based on these gigs, the overall price performance for the year is -43.82%.

The consensus price target of analysts on Wall Street is $27, which implies an increase of 52.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $26 and $28 respectively. As a result, LAKE is trading at a discount of -118.58% off the target high and -102.97% off the low.

While earnings are projected to return 118.11% in 2025.

LAKE Dividends

Lakeland Industries, Inc is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Lakeland Industries, Inc is 0.12, with the dividend yield indicating at 0.94 percent, continuing the trend of increasing dividends in recent years.

The next largest institutional holding, with 0.71 million shares, is of ROYCE & ASSOCIATES LP’s that is approximately 9.6422% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $16.35 million.

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