LPTH Stock Summary and Trading Ideas (Lightpath Technologies - Class A | NASDAQ:LPTH)

LightPath Technologies Inc is a manufacturer, distributor, and integrator of proprietary optical components and assemblies. It is also engaged in the research and development for optical solutions for the traditional optics markets and communications markets. The company's business based on the following product groups: precision molded optics, specialty products, and infrared products. It currently serves the following major markets, distribution and catalog, laser, industrial, instrumentation, telecommunications, and defense.

Lightpath Technologies - Class A trades on the NASDAQ stock market under the symbol LPTH.

As of May 14, 2024, LPTH stock price declined to $1.38 with 32,187 million shares trading.

LPTH has a beta of 0.36, meaning it tends to be less sensitive to market movements. LPTH has a correlation of 0.01 to the broad based SPY ETF.

LPTH has a market cap of $53.55 million. This is considered a Micro Cap stock.

Last quarter Lightpath Technologies - Class A reported $8 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-281,000 and missed earnings estimates by -$.03.

In the last 3 years, LPTH stock traded as high as $3.57 and as low as $.99.

The top ETF exchange traded funds that LPTH belongs to (by Net Assets): VTI, VXF, IWC.

LPTH has underperformed the market in the last year with a price return of +0.7% while the SPY ETF gained +28.3%. LPTH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -2.8%, respectively, while the SPY returned +5.8% and +2.2%, respectively.

LPTH support price is $1.38 and resistance is $1.50 (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 LPTH stock will trade within this expected range on the day.