LightPath Technologies Inc. (NASDAQ:LPTH) went down by -2.99% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Electronic Components giant went up by $3.24 to trade ended Wednesday trading at $3.34. This is down from the $3.34 price recorded on Tuesday’s trading session. Thanks to this latest performance, LPTH is closer to the higher price 52-week target of $3.25 and further from the lowest price target of $3.25. Its performance from the start of the year has also been positive, with LPTH up by 346.90% year-to-date.
LightPath Technologies Inc. (LPTH) started the day trading at $3.45 and recorded an intraday high of $3.47. It also recorded an intraday low of $3.2 during Wednesday’s trading session. LightPath Technologies Inc. is a very active stock that recorded a trading volume that is less than -17.27% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 474691, which is less than -17.27 of the total average daily trading volume of 556.68K.
LightPath Technologies Inc. (NASDAQ:LPTH) 2020 Performance Impressive
The increase in LPTH’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of LPTH currently stands at $3.69, which is higher than the current trading price of the stock by 12.2%. However, LPTH’s current trading price is -500.0% lower than the 52-week low price of $0.54. In terms of trading volume, LightPath Technologies Inc. currently experienced healthy participation during the last trading session. 474691 shares of LightPath Technologies Inc. were traded on the stock exchange on Wednesday, which is less than -17.27% of the 556.68K average trading volume of the stock.
The performance of the stock has been positive over the past year. LPTH’s performance over the past one year has seen it surge by 224.00%, while the stock has gone up by 346.90% in the last six months. The quarterly performance of LPTH currently stands at 222.61%, and it is up by 37.29% in the last month. The only positive figure was from the weekly performance, which currently reads 9.09%. At the time of writing LPTH’s report, the company has a total market cap of $84.82M, making it one of the largest publicly-traded companies in the world.LightPath Technologies Inc. also has over 339 employees all over the world.
LPTH Insider Activities
For LightPath Technologies Inc., insiders hold 17.40% of all company shares. The insider transactions over the past six months are up by 0.10%. During that period, insiders bought 6,000 shares in 5 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at LightPath Technologies Inc. now hold 5.89M shares, which is over 16.16% of the total company stocks. Institutional investors currently hold a large chunk of the LPTH shares, as they control 22.79% of the company’s total stock.
LPTH Fundamental Analysis
For LightPath Technologies Inc., the stock’s diluted earnings per share (EPS) stands at -0.06. In the coming year, analysts expect the EPS to be 0.09. The stock’s EPS growth this year is -390.20%, -36.00% in the previous five years. In terms of revenue, LightPath Technologies Inc.’s quarterly sales (YOY) is growing at 0.01, which is higher than the average annual revenue of -36.00% over the past half a decade.
The Return on Investment (ROI) on LightPath Technologies Inc.’s stock currently stands at -4.00%, and it has a net profit margin of -4.50%. The operating margin of the company is 1.20%, and its gross margin is 38.00%.
LPTH Analysts Prediction
Another analyst that has a Buy rating for LPTH is Dougherty & Company, which set a price target of between $3 and $3.50.
At the moment, LightPath Technologies Inc.’s Total Debt to Equity ratio stands at 0.17, and they have a long-term Debt to Equity ratio of 0.14.
LPTH Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of LPTH currently stands at 9.35%, while the SMA50 is 27.83%. The biggest one is the SMA200, which is currently reading 152.07% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 62.41.
