Latch Inc. (LTCH) Is A Stock You Should Watch


As of Wednesday close, Latch Inc.’s (NASDAQ:LTCH) stock was down -$0.06, moving down -5.58 percent to $0.94. The average number of shares traded per day over the past five days has been 1,421,860 shares. 1 time new highs have been achieved over the past 5 days, with a $0.0130 gain in that time frame. In the last twenty days, the average volume was 610,410, while in the previous 50 days, it was 397,666.

Since last month, LTCH stock rose 29.57%. Shares of the company fell to $0.6952 on 04/27/23, the lowest level in the past month. A 52-week high of $2.36 was reached on 05/18/23 after having rallying from a 52-week low of $0.49. Since the beginning of this year, LTCH’s stock price has risen by 33.00% or $0.2343, and marked a new high 9 times. However, the stock has declined by -59.99% since its 52-week high.

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Financial Health

Based on annual data, LTCH earned -$2.68 million in gross profit and brought in $41.36 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LTCH’s revenue rose 100.0% to $21.15 million during the quarter, while net income inched up to $13.66 million. While analysts expected Latch Inc. to report -$0.32 quarterly earnings, the actual figure was -$0.36 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated -$49.11 million in EBITDA. The liabilities of Latch Inc. were 72.77 million at the end of its most recent quarter ended March 30, and its total debt was $2.68 million. The value of shareholders’ equity is $143.62 million.

Technical Picture

This quick technical analysis looks at Latch Inc.’s (LTCH) price momentum. With a historical volatility rate of 107.23%, the RSI 9-day stood at 61.84% on 24 May.

With respect to its five-day moving average, the current Latch Inc. price is up by +1.40% percent or $0.0130. At present, LTCH shares trade +29.11% above its 20-day simple moving average and +42.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +59.98% above its SMA50 and -16.44% below its SMA200.

Stochastic coefficient K was 45.61% and Stochastic coefficient D was 48.36%, while ATR was 0.1271. Given the Stochastic reading of 37.37% for the 14-day period, the RSI (14) reading has been calculated as 62.92%. As of today, the MACD Oscillator reading stands at 0.0551, while the 14-day reading stands at 0.1182.

Analyst Ratings

Latch Inc. (LTCH) has been rated Buy by analysts. According to 0 brokerage firms, LTCH is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Latch Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $2.50, the current consensus forecast for the stock is $2.50 – $2.50. Based on these forecasts, analysts predict Latch Inc. (LTCH) will achieve an average price target of $2.50.


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