Light & Wonder Inc. (NASDAQ:LNW) saw an upside of 0.41% to close Friday at $73.50 after adding $0.3 on the day. The 5-day average trading volume is 705,760 shares of the company’s common stock. It has gained $75.90 in the past week and touched a new high 2 times within the past 5 days. An average of 650,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 699,136.
LNW’s 1-month performance is 6.05% or $2.49 on its low of $68.08 reached on 08/03/23. The company’s shares have touched a 52-week low of $40.10 and high of $76.43, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, LNW has achieved 25.43% or $14.90 and has reached a new high 19 times. However, the current price is down -3.83% from the 52-week high price.
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Insider Transactions
LNW stock investors last saw insider trading activity on Aug 14.McLennan Hamish (Director) most recently sold 25,500 shares at $65.00 per share on Jun 20. This transaction cost the insider $1,657,500. 10% Owner, Fine Capital Partners, L.P., sold 65,000 shares at a price of $64.07 on Mar 03. Then, on Dec 01, Director Regan Michael J sold 20,000 shares at a price of $64.63 per share. This transaction amounted to $1,292,500.
Valuation Metrics
LNW stock has a beta of 1.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.44 while the price-to-book (PB) in the most recent quarter is 6.38.
Light & Wonder Inc.’s quick ratio for the period ended June 29 was 2.70, with the current ratio over the same period at 3.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.69, while the total debt to equity was 3.71. In terms of profitability, the gross margin trailing 12 months is 70.10%. The trailing 12-month EBITDA margin is 33.40% while for the period ending June 29, Light & Wonder Inc.’s operating margin was 14.70%. The firm’s gross profit as reported stood at $1.77 billion against revenue of $2.51 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 329200.0% to -$1.0 million, while revenue of $22.0 million was 2300.0% off the previous quarter. Analysts expected LNW to announce $0.34 per share in earnings in its latest quarter, but it posted -$0.01, representing a -102.90% surprise. EBITDA for the quarter stood at more than $113.0 million. LNW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.73 billion, with total debt at $3.94 billion. Shareholders hold equity totaling $91.36 million.
Let’s look briefly at Light & Wonder Inc. (LNW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 58.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.54%.
The stock’s 5-day moving average is $74.36, reflecting a -1.49% or -$1.11 change from its current price. LNW is currently trading +6.15% above its 20-day SMA, +29.65% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.31% and SMA200 by+30.92%.
Stochastic %K and %D was 68.30% and 75.25% and the average true range (ATR) pointed at 1.87. The RSI (14) points at 60.79%, while the 14-day stochastic is at 64.91% with the period’s ATR at 1.82. The stock’s 9-day MACD Oscillator is pointing at -0.10 and 1.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Light & Wonder Inc. (NASDAQ: LNW), Susquehanna upgraded it to a Positive rating. They previously had a Neutral rating on the stock. Analysts offering their rating for LNW stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LNW as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is LNW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $66.00 and a high of $100.00, with their median price target at $84.50. Looking at these predictions, the average price target given by analysts is for Light & Wonder Inc. (LNW) stock is $81.62.
