Lightpath Technologies Stock Today

LPTH Stock  USD 1.41  0.01  0.71%   

Performance

5 of 100

 
Low
 
High
Modest

Odds Of Distress

Over 56

 
100  
 
Zero
Above Average
LightPath Technologies is trading at 1.41 as of the 28th of March 2024. This is a 0.71 percent up since the beginning of the trading day. The stock's open price was 1.4. LightPath Technologies has over 56 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for LightPath Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
22nd of February 1996
Category
Technology
Classification
Information Technology
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida. Lightpath Tech operates under Electronic Components classification in the United States and is traded on NASDAQ Exchange. The company has 38.02 M outstanding shares of which 87.86 K shares are now shorted by private and institutional investors with about 1.3 trading days to cover. More on LightPath Technologies

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LightPath Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. LightPath Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding LightPath Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and DirectorJames Gaynor
Business ConcentrationElectronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Information Technology, Electronic Equipment, Instruments & Components, Electronic Components, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering LightPath Technologies report their recommendations after researching LightPath Technologies' financial statements, talking to executives and customers, or listening in on LightPath Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering LightPath Technologies. The LightPath consensus assessment is calculated by taking the average forecast from all of the analysts covering LightPath Technologies.
Financial Strength
Based on the key indicators related to LightPath Technologies' liquidity, profitability, solvency, and operating efficiency, LightPath Technologies may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of LightPath Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.690.55
Significantly Up
Slightly volatile
Gross Profit Margin0.410.39
Sufficiently Up
Slightly volatile
Total Current Liabilities8.3 M7.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total13 M12.4 M
Sufficiently Up
Slightly volatile
Total Assets64.6 M61.6 M
Sufficiently Up
Slightly volatile
Total Current Assets14.1 M25 M
Way Down
Slightly volatile
LightPath Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to LightPath Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand LightPath Technologies' financial leverage. It provides some insight into what part of LightPath Technologies' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on LightPath Technologies' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how LightPath Technologies deploys its capital and how much of that capital is borrowed.
Liquidity
LightPath Technologies cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 12.38 M in liabilities with Debt to Equity (D/E) ratio of 0.5, which is about average as compared to similar companies. LightPath Technologies has a current ratio of 2.3, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist LightPath Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, LightPath Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like LightPath Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for LightPath to invest in growth at high rates of return. When we think about LightPath Technologies' use of debt, we should always consider it together with cash and equity.

Change In Working Capital

(2.78 Million)
LightPath Technologies (LPTH) is traded on NASDAQ Exchange in USA. It is located in 2603 Challenger Tech Court, Orlando, FL, United States, 32826 and employs 320 people. LightPath Technologies is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 53.23 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate LightPath Technologies's market, we take the total number of its shares issued and multiply it by LightPath Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. LightPath Technologies conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 38.02 M outstanding shares of which 87.86 K shares are now shorted by private and institutional investors with about 1.3 trading days to cover. LightPath Technologies currently holds about 5.51 M in cash with (2.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.
Check LightPath Technologies Probability Of Bankruptcy
Ownership Allocation
LightPath Technologies maintains a total of 38.02 Million outstanding shares. 30% of LightPath Technologies outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check LightPath Ownership Details

LightPath Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of LightPath Technologies jumping above the current price in 90 days from now is about 53.32%. The LightPath Technologies probability density function shows the probability of LightPath Technologies stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days LightPath Technologies has a beta of 0.1547. This indicates as returns on the market go up, LightPath Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding LightPath Technologies will be expected to be much smaller as well. Additionally, lightPath Technologies has an alpha of 0.2183, implying that it can generate a 0.22 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 1.41HorizonTargetOdds Above 1.41
46.52%90 days
 1.41 
53.32%
Based on a normal probability distribution, the odds of LightPath Technologies to move above the current price in 90 days from now is about 53.32 (This LightPath Technologies probability density function shows the probability of LightPath Stock to fall within a particular range of prices over 90 days) .

LightPath Stock Institutional Holders

Institutional Holdings refers to the ownership stake in LightPath Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of LightPath Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing LightPath Technologies' value.
InstituionRecorded OnShares
Blackrock Inc2023-12-31
281.5 K
Essex Investment Management Company, Llc2023-12-31
168.6 K
National Asset Management Inc2023-12-31
111.8 K
State Street Corporation2023-12-31
94.7 K
Aristides Capital Llc2023-12-31
61 K
Dimensional Fund Advisors, Inc.2023-12-31
54.5 K
Northern Trust Corp2023-12-31
51.2 K
Murphy Pohlad Asset Management Llc2023-12-31
46 K
Commonwealth Equity Services Inc2023-12-31
32.5 K
Aigh Capital Management, Llc2023-12-31
3.7 M
Amh Equity Ltd2023-12-31
2.8 M
View LightPath Technologies Diagnostics

LightPath Technologies Historical Income Statement

LightPath Technologies Income Statement is one of the three primary financial statements used for reporting LightPath's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of LightPath Technologies revenue and expense. LightPath Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, LightPath Technologies' Total Other Income Expense Net is decreasing as compared to previous years. The LightPath Technologies' current Tax Provision is estimated to increase to about 282.6 K, while Depreciation And Amortization is projected to decrease to under 2 M. View More Fundamentals

LightPath Stock Against Markets

Picking the right benchmark for LightPath Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in LightPath Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for LightPath Technologies is critical whether you are bullish or bearish towards LightPath Technologies at a given time. Please also check how LightPath Technologies' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in LightPath Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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LightPath Technologies Corporate Directors

LightPath Technologies corporate directors refer to members of a LightPath Technologies board of directors. The board of directors generally takes responsibility for the LightPath Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of LightPath Technologies' board members must vote for the resolution. The LightPath Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Zhu XudongIndependent DirectorProfile
Joseph MenakerDirectorProfile
Craig DunhamIndependent DirectorProfile
Sohail KhanIndependent DirectorProfile

How to buy LightPath Stock?

Before investing in LightPath Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in LightPath Technologies. To buy LightPath Technologies stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of LightPath Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase LightPath Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located LightPath Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased LightPath Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as LightPath Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy LightPath Stock please use our How to Invest in LightPath Technologies guide.

Already Invested in LightPath Technologies?

The danger of trading LightPath Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of LightPath Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than LightPath Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile LightPath Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether LightPath Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LightPath Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lightpath Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lightpath Technologies Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LightPath Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in LightPath Stock please use our How to Invest in LightPath Technologies guide.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running LightPath Technologies' price analysis, check to measure LightPath Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LightPath Technologies is operating at the current time. Most of LightPath Technologies' value examination focuses on studying past and present price action to predict the probability of LightPath Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LightPath Technologies' price. Additionally, you may evaluate how the addition of LightPath Technologies to your portfolios can decrease your overall portfolio volatility.
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Is LightPath Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of LightPath Technologies. If investors know LightPath will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about LightPath Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
49.113
Earnings Share
(0.13)
Revenue Per Share
0.883
Quarterly Revenue Growth
(0.14)
Return On Assets
(0.06)
The market value of LightPath Technologies is measured differently than its book value, which is the value of LightPath that is recorded on the company's balance sheet. Investors also form their own opinion of LightPath Technologies' value that differs from its market value or its book value, called intrinsic value, which is LightPath Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because LightPath Technologies' market value can be influenced by many factors that don't directly affect LightPath Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between LightPath Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if LightPath Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LightPath Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.