With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. The 52-week range on LASR shows that it touched its highest point at $18.49 and its lowest point at $6.20 during that stretch. It currently has a 1-year price target of $15.50. Beta for the stock currently stands at 2.27.
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 up-trending over the past week, with a rise of 16.33%, but this was up by 114.90% over a month. Three-month performance surged to 89.86% while six-month performance rose 60.88%. The stock gained 45.09% in the past year, while it has gained 67.78% so far this year. A look at the trailing 12-month EPS for LASR yields -1.14 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.09. This implies an EPS growth rate of 57.83% for this year and 38.51% for next year.
Float and Shares Shorts:
At present, 49.44 million LASR shares are outstanding with a float of 46.66 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 -$0.02 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.07.
