At the last check on Thursday, Light & Wonder Inc.’s (NASDAQ:LNW) stock was down -$0.59, moving down -0.79 percent to $74.06. The average number of shares traded per day over the past five days has been 555,452 shares. 3 times new highs have been achieved over the past 5 days, with a $0.24 gain in that time frame. In the last twenty days, the average volume was 628,653, while in the previous 50 days, it was 689,417.
Since last month, LNW stock rose 6.98%. Shares of the company fell to $68.08 on 08/03/23, the lowest level in the past month. A 52-week high of $76.43 was reached on 08/09/23 after having rallying from a 52-week low of $40.10. Since the beginning of this year, LNW’s stock price has risen by 26.38% or $15.47, and marked a new high 19 times. However, the stock has declined by -3.10% since its 52-week high.
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Sponsored
LNW stock investors should be aware that Light & Wonder Inc. (LNW) stock had its last reported insider trading activity 3 days ago on Aug 14. Korsanos Antonia, the Director of the company, purchased of 86 shares for $74.44 on Aug 14. It resulted in a $6,402 investment by the insider. McLennan Hamish sold 25,500 shares at an average price of $65.00 on Jun 20. The insider now owns 9,750 shares following the transaction. On May 31, Director Odell Jamie bought 5,000 shares at $58.90 apiece. The transaction was valued at $294,500.
Valuation Metrics
Right now, Light & Wonder Inc. (LNW) has a P/E ratio of about 152.07. The stock’s beta is 1.83. Besides these, the trailing price-to-sales (P/S) ratio of 2.45, the price-to-book (PB) ratio of 6.43.
Financial Health
In the three months ended June 29, Light & Wonder Inc.’s quick ratio stood at 2.70, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.69, and the total debt-to-equity ratio was 3.71. On the profitability front, the trailing twelve-month gross margin is 70.10% percent. In the year ended June 29, EBITDA margin amounted to 33.40%, whereas operating margins totaled 14.70%. Based on annual data, LNW earned $1.77 billion in gross profit and brought in $2.51 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.90%. Return on equity (ROE) for the past 12 months was 36.80%.
In Light & Wonder Inc.’s quarter-end financial report for June 29, it reported total debt of $3.86 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LNW’s revenue rose 16.55% during the quarter, while net income inched up to $731.0 million. While analysts expected Light & Wonder Inc. to report $0.34 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by -102.90%. During the quarter, the company generated $113.0 million in EBITDA. The liabilities of Light & Wonder Inc. were 4.73 billion at the end of its most recent quarter ended June 29, and its total debt was $3.94 billion. The value of shareholders’ equity is $91.36 million.
Technical Picture
This quick technical analysis looks at Light & Wonder Inc.’s (LNW) price momentum. With a historical volatility rate of 20.39%, the RSI 9-day stood at 64.06% on 16 August.
With respect to its five-day moving average, the current Light & Wonder Inc. price is up by +0.33% percent or $0.24. At present, LNW shares trade +6.87% above its 20-day simple moving average and +30.36% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.63% above its SMA50 and +33.63% above its SMA200.
Stochastic coefficient K was 77.56% and Stochastic coefficient D was 81.37%, while ATR was 1.73. Given the Stochastic reading of 71.74% for the 14-day period, the RSI (14) reading has been calculated as 64.63%. As of today, the MACD Oscillator reading stands at 0.77, while the 14-day reading stands at 2.12.
Analyst Ratings
Susquehanna upgraded its rating on Light & Wonder Inc. (NASDAQ: LNW) to a Positive in a note to investors on May 11, 2023. The analysts firm previously had a Neutral rating on the stock.Light & Wonder Inc. (LNW) has been rated Overweight by analysts. According to 0 brokerage firms, LNW is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Light & Wonder Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $84.50, the current consensus forecast for the stock is $66.00 – $100.00. Based on these forecasts, analysts predict Light & Wonder Inc. (LNW) will achieve an average price target of $81.62.
