4 Reasons to Go Long On LightPath Technologies Inc. [LPTH]

LightPath Technologies Inc. [LPTH] stock is up 9.66 while the S&P 500 has fallen -0.08% on Friday, 12/04/20. While at the time of this article, LPTH ATR is sitting at 0.19, with the beta value at 1.40. This stock’s volatility for the past week remained at 6.11%, while it was 7.78% for the past 30-day period. LPTH has risen $0.28 from the previous closing price of $2.93 on volume of 0.59 million shares.

On 3, December 2020, LightPath Technologies Receives $5.8M Renewal Contract. According to news published on Yahoo Finance, ORLANDO, FL / ACCESSWIRE / December 3, 2020 / LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company, “or “we”), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced it has been awarded a renewal of an annual supply agreement valued at over $5.8 million which is a 16% increase over the prior year contract. The contract is for the purchase of a variety of infrared (“IR”) optical lens elements by a major commercial infrared vision products customer.

Analyst Birdseye View:

The most recent analyst activity for LightPath Technologies Inc. [NASDAQ:LPTH] stock was on October 06, 2017, when it was Resumed with a Buy rating from Dougherty & Company, which also raised its 12-month price target on the stock to $3.10. On May 05, 2017, Dougherty & Company Reiterated a Buy rating and boosted its price target on this stock from $3 to $3.50. On January 10, 2017, Dougherty & Company Initiated a Buy rating and increased its price target to $2.50. On December 22, 2016, ROTH Capital Initiated a Buy rating and increased its price target to $2.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.58 and a peak of $4.87. Right now, the middling Wall Street analyst 12-month amount mark is $3.88. At the most recent market close, shares of LightPath Technologies Inc. [NASDAQ:LPTH] were valued at $3.21. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

LightPath Technologies Inc. [NASDAQ:LPTH] most recently reported quarterly sales of 9.51 billion, which represented growth of 25.00%. This publicly-traded organization’s revenue is $94,000 per employee, while its income is $2,330 per employee. This company’s Gross Margin is currently 41.40%, its Operating Margin is 9.20%, its Pretax Margin is +4.66, and its Net Margin is +2.48. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.77, 2.55, 4.95 and 2.19 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 18.08 and the whole liability to whole assets at 15.35. It shows enduring liability to the whole principal at 13.28 and enduring liability to assets at 0.11 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.86 points at 1st support level, the second support level is making up to 2.79. But as of 1st resistance point, this stock is sitting at 3.00 and at 3.07 for 2nd resistance point.

LightPath Technologies Inc. [LPTH] reported its earnings at $0 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.02/share signifying the difference of -0.02 and -100.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.02 calling estimates for $0.01/share with the difference of 0.01 depicting the surprise of 100.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for LightPath Technologies Inc. [NASDAQ:LPTH] is 2.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.73. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.62, it’s amount to book ratio is 2.50 and showing 34.47 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Retreage Donald O’connor JR, CFO, and it was the purchase of 500.0 shares on Mar 11. Retreage Donald O’connor JR, the CFO, completed a purchase of 500.0 shares on Feb 25. On Dec 20, Retreage Donald O’connor JR, CFO, completed a purchase of 500.0 shares.