With 0.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. The 52-week range on LASR shows that it touched its highest point at $14.73 and its lowest point at $8.26 during that stretch. It currently has a 1-year price target of $14.67. Beta for the stock currently stands at 2.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LASR was down-trending over the past week, with a drop of -14.75%, but this was down by -25.51% over a month. Three-month performance dropped to -22.46% while six-month performance fell -30.03%. The stock lost -37.11% in the past year, while it has lost -20.69% so far this year. A look at the trailing 12-month EPS for LASR yields -1.27 with Next year EPS estimates of -0.32. For the next quarter, that number is -0.19. This implies an EPS growth rate of 18.08% for this year and 39.91% for next year.
Float and Shares Shorts:
At present, 48.95 million LASR shares are outstanding with a float of 46.37 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LASR since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.52306 being high and -$0.58228 being low. For LASR, this leads to a yearly average estimate of -$0.5428. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.2. The average estimate for the next quarter is thus -$0.15.
Summary of Insider Activity:
Insiders traded LASR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
