Take A Look At This LightPath Technologies, Inc. (NASDAQ:LPTH) Analysis Before You Invest

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LightPath Technologies, Inc. (NASDAQ:LPTH) at last check was buoying at $2.55 on Friday, Jul 09 with a rise of 9.91% from its closing price on previous day.

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Taking a look at stock we notice that its last check on previous day was $2.32 and 5Y monthly beta was reading 1.38 with its price kept floating in the range of $2.3800 and $2.6500 on the day. Company’s P/E ratio for the trailing 12 months is 178.46. Considering stock’s 52-week price range provides that LPTH hit a high price of $5.45 and saw its price falling to a low level of $1.95 during that period. Over a period of past 1-month, stock came losing -28.17% in its value.

With its current market valuation of $62.9 Million, LightPath Technologies, Inc. is set to declare its quarterly results on Sep 08, 2021- Sep 13, 2021. LPTH Stock’s Forward Dividend of 0 and its yield of 0% are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of $0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to -$0.01 for 2021 with estimates of that growing to $0.08 in next year. These estimates are suggesting current year growth of -1.33% for EPS and -9% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $9.35 Million. They suggested that in the process company could generate revenue of as low as $8.33 Million which could climb up to $10.08 Million to hit a high. The average estimate is representing an increase of 2.7% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $39.48 Million in 2021, which will be +12.9% more from revenue generated by the company last year.

In contrast, when we review LPTH stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.

In comparing LightPath Technologies, Inc. (LPTH)’s stock with other industry players reveals that stock’s latest price change of +9.91% and that of -25.16% over the past 12 months is in competing position with that of Te Connectivity Ltd (TEL) which saw its stock price raised by 2.27% in the recent trading and went through an increase of 68.61% in past 12-month trading. Industry’s another major player Universal Display (OLED) has jumped 0.99% up in latest trading session, but over the past year has faced arise of 34.88%, while Littelfuse Inc (LFUS) was also up 9.91% however its price remained floating in the red at -25.16% over the same period. LightPath Technologies, Inc. has a P/E ratio of 178.46 against that of Te Connectivity Ltd’s 42.8 while Universal Display is showing 69.22 for the same. On the other hand, the S&P 500 Index is up 0.82% in the early deals today while the Dow Jones Industrial was dealinghigher at 1.07%.

Having a second look at LightPath Technologies, Inc. (NASDAQ:LPTH) provides that stock’s average daily trading volume for 3 months was 2.02 Million, while it jumped to 488.77 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 26.57 Million.

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Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 25.07% while it is 25.98% for the institutional holders. The figures also indicate that as of May 27, 2021, number of stock’s short shares was 682000000 which implies a short ratio of 0.3. This shows up a 2.57% of Short Interest in company’s outstanding shares on the day. In May the standing of shares short improved as it was 523.24 Million in the previous month. Drop of -40.82% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.