Lightpath Tech is UNDERVALUED at 2.55 per share with modest projections ahead.
Lightpath Tech has Sharpe Ratio of -0.0612, which conveys that the firm had -0.0612% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and
technical indicators. Lightpath Tech exposes twenty-seven different
technical indicators, which can help you to evaluate volatility that cannot be
diversified away. Please be advised to verify Lightpath Tech
mean deviation of 3.31, and Risk Adjusted Performance of
(0.03026) to check out the risk estimate we provide.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include LightPath Technologies income statement, its balance sheet, and the statement of cash flows. Potential LightPath Technologies investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although LightPath Technologies investors may use each financial statement separately, they are all related. The changes in LightPath Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on LightPath Technologies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of LightPath Technologies
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of LightPath Technologies performance into the future periods or doing a reasonable stock valuation. The intrinsic value of LightPath Technologies shares is the value that is considered the true value of the share. If
the intrinsic value of LightPath is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares LightPath Technologies. Please read more on our
fundamental analysis page.
Watch out for price decline
Please consider monitoring LightPath Technologies on a daily basis if you are holding a position in it. LightPath Technologies is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion.
Most exchanges require public instruments, such as LightPath Technologies stock to be traded above the $1 level to remain listed. If LightPath Technologies stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How effective is LightPath Technologies in utilizing its assets?
LightPath Technologies reports assets on its Balance Sheet. It represents the amount of LightPath resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, LightPath Technologies aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Electronic Equipment, Instruments & Components space. To get a better handle on how balance sheet or income statements item affect LightPath volatility, please check the breakdown of all its
fundamentals.
Are LightPath Technologies Earnings Expected to grow?
The
future earnings power of LightPath Technologies involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of LightPath Technologies factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. LightPath Technologies
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of LightPath
expected earnings.
LightPath Technologies Gross Profit
LightPath Technologies Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing LightPath Technologies previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show LightPath Technologies Gross Profit growth over the last 10 years. Please check LightPath Technologies'
gross profit and other
fundamental indicators for more details.
Detailed Perspective On LightPath Technologies
Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of Lightpath Tech is not uncomon. Institutional investors typically avoid acquiring a high percentage of Lightpath Tech stocks because performing such an act may violate securities laws. They are usually not investing their own money, but rather making investments on behalf of their clients. Let's take a look at how the ownership of Lightpath is distributed among investors.
Ownership Allocation
Lightpath Tech maintains a total of twenty-six million five hundred seventy thousand
outstanding shares. Lightpath Tech holds significant amount of outstanding shares owned by
insiders. An
insider is usually defined as a CEO, other corporate executive, director, or
institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how much 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.
| Retail Investors48.95% | Insiders25.07% | Institutions25.98% |
| Retail Investors | 48.95 |
| Insiders | 25.07 |
| Institutions | 25.98 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Lightpath Tech has an asset utilization ratio of 106.12 percent. This implies that the company is making $1.06 for each dollar of assets. An increasing asset utilization means that Lightpath Tech is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets20 M | Assets Non Current32.7 M | | |
| Current Assets | 20.04 Million | 30.47 |
| Assets Non Current | 32.65 Million | 49.64 |
| Goodwill | 12.37 Million | 18.8 |
| Tax Assets | 720,184 | 1.09 |
Lightpath Tech has 61% chance to stay above $2.23 in the coming weeks
Skewness is down to 1.64. It may hint to a possible volatility drop.
As of the 9th of September, Lightpath Tech secures the
risk adjusted performance of
(0.03026), and Mean Deviation of 3.31. In connection with
fundamental indicators, the
technical analysis model lets you check existing technical drivers of Lightpath Tech, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen
technical drivers for Lightpath Tech, which can be compared to its peers in the industry. Please verify
Lightpath Tech information ratio, as well as the
relationship between the potential upside and
kurtosis to decide if Lightpath Tech is priced some-what accurately, providing market reflects its recent price of 2.19 per share. Please also check out Lightpath Tech
total risk alpha, which is currently at
(0.34) to check the company can sustain itself at a future point.
Our Conclusion on Lightpath Tech
While some other entities in the electronic components industry are either recovering or due for a correction, Lightpath Tech may not be performing as strong as the other in terms of long-term growth potentials. The bottom line, as of the 9th of September 2021, our analysis shows that Lightpath Tech almost mirrors the market. The company is
undervalued and projects
close to average chance of distress for the next 2 years. Our present 90 days Buy-Hold-Sell recommendation on the company is
Hold.
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of LightPath Technologies. Please refer to our
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