LightPath Technologies Inc. (LPTH): A brief note on last quarter

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LightPath Technologies Inc. (NASDAQ:LPTH) changes shares on Thursday trading session, with a change of -2.33% or -$0.07 shares. The trading starts at $2.92 and closed at $3.00 throughout the day. The trading session low price was $2.77 and day high was $2.98 on Thursday, June 18. After the session, the Technology sector daily volume shifted to 0.39 million while its average volume is 508.47K. In other hand, the LPTH market cap reached to $74.83M. While, its current target price is $2.93 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.48% and up 24.15% for month. Its quarterly performance was 208.42% above, while its half year performance is up 343.94%. LPTH yearly performance stood at positive 218.48% and rise 304.14% for year-to-date. Current recommendation for LightPath Technologies Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. LPTH EPS (TTM) for 12-month is -0.06. EPS for this year is -390.20%, while for the next year its value is 0.09. Its EPS Q/Q reached 317.00%. It has an EPS of -36.00% down for past five years.

Let’s take a look on the analyst recommendations on LPTH for the current month and previous month. For the current month, 1 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $3.25-$3.25. Average target price for LPTH was reached at $3.25.

The insider ownership moved to 0.10% and institutional holding shifted to 17.40%.

The company posted an EPS (TTM) of -0.06. According to the most recent quarter report on (Jun 2020), 1 analysts estimated an average EPS of 0.01, while -0.07 EPS posted a year ago period. Analyst Estimated EPS for LPTH published in the report was 0.01-0.01 during the same period. Comparing with last year, the average estimated EPS was -0.07 which is lower than 0.03 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for LPTH rise 147.87% for period of 200 days. SMA for 50 days was 31.00% which is showing green signal, while SMA-20 was 11.15%. The moving average value for LightPath Technologies Inc. (LPTH) is 1.3923 and 2.4817 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in LPTH stock. On Mar 11, Retreage Donald O’connor JR, CFO, bought 500 trading shares at the cost of $1.17, which valued at 584.0. On Feb 25, Retreage Donald O’connor JR, CFO, bought 500 shares at the cost of $1.29, with total shares of 1,500. On Dec 20, Retreage Donald O’connor JR, CFO, bought 500 shares at the cost of 0.65. After this transaction, Retreage Donald O’connor JR total shares reached to 1,000 which valued at 325.0.