Light & Wonder Inc [LNW] stock prices are up 0.79% to $103.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LNW shares have lost -0.48% over the last week, with a monthly amount glided 6.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Light & Wonder Inc [NASDAQ: LNW] stock has seen the most recent analyst activity on May 10, 2024, when Susquehanna downgraded its rating to a Neutral and also revised its price target to $95 from $111. Previously, Mizuho started tracking the stock with Underperform rating on March 26, 2024, and set its price target to $83. On March 11, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $110 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $98 on January 30, 2024. The Benchmark Company initiated its recommendation with a Buy and recommended $92 as its price target on January 16, 2024. Redburn started tracking with a Buy rating for this stock on August 22, 2023, and assigned it a price target of $104. In a note dated May 11, 2023, Susquehanna upgraded an Positive rating on this stock but restated the target price of $70.
The stock price of Light & Wonder Inc [LNW] has been fluctuating between $62.16 and $108.90 over the past year. Currently, Wall Street analysts expect the stock to reach $108 within the next 12 months. Light & Wonder Inc [NASDAQ: LNW] shares were valued at $103.76 at the most recent close of the market. An investor can expect a potential return of 4.09% based on the average LNW price forecast.
Analyzing the LNW fundamentals
The Light & Wonder Inc [NASDAQ:LNW] reported sales of 2.99B for trailing twelve months, representing a surge of 12.84%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.24 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 103.08 points at the first support level, and at 102.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.71, and for the 2nd resistance point, it is at 105.28.
Ratios To Look Out For
It’s worth pointing out that Light & Wonder Inc [NASDAQ:LNW]’s Current Ratio is 1.98. On the other hand, the Quick Ratio is 1.72, and the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 3.13, the price to book ratio is 11.18 and price to earnings (TTM) ratio is 42.81.
Transactions by insiders
Recent insider trading involved Korsanos Antonia, Director, that happened on May 17 ’24 when 70.0 shares were purchased. Director, Korsanos Antonia completed a deal on May 13 ’24 to buy 72.0 shares. Meanwhile, President & CEO Wilson Matthew R. sold 9044.0 shares on Mar 07 ’24.
