At the time of writing, Lightpath Technologies, Inc [LPTH] stock is trading at $2.23, up 14.95%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LPTH shares have gain 21.86% over the last week, with a monthly amount glided 39.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lightpath Technologies, Inc [NASDAQ: LPTH] stock has seen the most recent analyst activity on February 23, 2021, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $5.50. Previously, B. Riley FBR upgraded its rating to Buy on April 13, 2020. Dougherty & Company reiterated its Buy rating and increased its price target to $3.50 on May 05, 2017. Dougherty & Company initiated its recommendation with a Buy and recommended $2.50 as its price target on January 10, 2017. ROTH Capital started tracking with a Buy rating for this stock on December 22, 2016, and assigned it a price target of $2.50.
For the past year, the stock price of Lightpath Technologies, Inc fluctuated between $1.04 and $2.04. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Lightpath Technologies, Inc [NASDAQ: LPTH] shares were valued at $2.23 at the most recent close of the market. An investor can expect a potential return of 34.53% based on the average LPTH price forecast.
Analyzing the LPTH fundamentals
According to Lightpath Technologies, Inc [NASDAQ:LPTH], the company’s sales were 32.05M for trailing twelve months, which represents an 4.00% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.27 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 2.03 points at the first support level, and at 1.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.34, and for the 2nd resistance point, it is at 2.46.
Ratios To Look Out For
It is important to note that Lightpath Technologies, Inc [NASDAQ:LPTH] has a current ratio of 1.73. In addition, the Quick Ratio stands at 1.03 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 3.17, the price to book ratio is 3.00.
