LNW Stock Summary and Trading Ideas (Light & Wonder | NASDAQ:LNW)

pLight & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.

Light & Wonder trades on the NASDAQ stock market under the symbol LNW.

As of March 4, 2025, LNW stock price declined to $105.15 with 101,278 million shares trading.

LNW has a beta of 1.38, meaning it tends to be more sensitive to market movements. LNW has a correlation of 0.20 to the broad based SPY ETF.

LNW has a market cap of $8.88 billion. This is considered a Mid Cap stock.

Last quarter Light & Wonder reported $797 million in Revenue and $1.42 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.47.

The top ETF exchange traded funds that LNW belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

LNW has underperformed the market in the last year with a return of +2.6%, while SPY returned +13.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LNW shares. However, LNW has outperformed the market in the last 3 month and 2 week periods, returning +6.4% and +8.4%, while SPY returned -4.3% and -5.6%, respectively. This indicates LNW has been having a stronger performance recently.

LNW support price is $107.14 and resistance is $112.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LNW shares will trade within this expected range on the day.