LightPath Technologies Inc. (NASDAQ:LPTH) Relative Strength Index (RSI) is 78.12, with weekly volatility at 15.54% and ATR at 0.33. The LPTH stock’s 52-week price range has touched low of $0.62 and a $4.87 high. Intraday shares traded counted 3.03 million, which was -934.99% lower than its 30-day average trading volume of 292.78K. Its shares traded higher over the last trading session, gaining 39.94% on 12/22/20. The shares fell to a low of $3.40 before closing at $4.80. LPTH’s previous close was $3.43 while the outstanding shares total 25.98M. The firm has a beta of 1.43, a 12-month trailing P/E ratio of 56.47.
Investors have identified the Electronic Components company LightPath Technologies Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $131.04 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
LightPath Technologies Inc. (LPTH) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For LPTH, the company has in raw cash 5.39 million on their books with 0.88 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 21.96 million total, with 7.46 million as their total liabilities.
LPTH were able to record -0.55 million as free cash flow during the Q1 2021 quarter of the year, this saw their quarterly net cash flow reduce by 1000.0. In cash movements, the company had a total of 0.66 million as operating cash flow.
Potential earnings growth for LightPath Technologies Inc. (LPTH)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q1 2021 quarter of the year, LightPath Technologies Inc. recorded a total of 9.51 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 20.58% coming in sequential stages and their sales for the Q1 2021 quarter increasing by 4.23%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 5.66 million trying to sell their products during the last quarter, with the result yielding a gross income of 3.85 million. This allows shareholders to hold on to 25.98M with the recently reported earning now reading 0.00 cents per share. This is a figure that compared to analyst’s prediction for their Q1 2021 (0.01 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.14 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on LPTH sounds very interesting.
Is the stock of LPTH attractive?
In related news, CFO, Retreage Donald O’connor JR bought 500 shares of the company’s stock in a transaction that recorded on Mar 11. The purchase was performed at an average price of 1.17, for a total value of 584. As the purchase deal closes, the CFO, Retreage Donald O’connor JR now bought 500 shares of the company’s stock, valued at 643. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
2 out of 2 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on LightPath Technologies Inc.. 0 analysts has assigned a Sell rating on the LPTH stock. The 12-month mean consensus price target for the company’s shares has been set at $3.88.