Novanta Q3 Earnings Miss Estimates
| LPTH Stock | USD 4.14 0.35 9.23% |
Under 55% of LightPath Technologies' traders are presently thinking to get in. The analysis of overall sentiment of trading LightPath Technologies stock suggests that some investors are interested at this time. LightPath Technologies' investing sentiment shows overall attitude of investors towards LightPath Technologies.
LightPath |
Novanta delivered earnings and revenue surprises of -1.16 percent and 1.13, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock
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LightPath Technologies Fundamental Analysis
We analyze LightPath Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of LightPath Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of LightPath Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Income
Net Income Comparative Analysis
LightPath Technologies is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
LightPath Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with LightPath Technologies stock to make a market-neutral strategy. Peer analysis of LightPath Technologies could also be used in its relative valuation, which is a method of valuing LightPath Technologies by comparing valuation metrics with similar companies.
Peers
LightPath Technologies Related Equities
| LINK | Interlink Electronics | 7.84 | ||||
| SGMA | SigmaTron International | 6.78 | ||||
| MEI | Methode Electronics | 3.97 | ||||
| BHE | Benchmark Electronics | 1.90 | ||||
| LYTS | LSI Industries | 1.76 | ||||
| PLXS | Plexus Corp | 1.73 | ||||
| RELL | Richardson Electronics | 1.27 | ||||
| CTS | CTS | 1.14 | ||||
| OSIS | OSI Systems | 0.82 | ||||
| DAKT | Daktronics | 0.78 | ||||
| BELFB | Bel Fuse | 0.17 | ||||
| BELFA | Bel Fuse | 0.07 |
Complementary Tools for LightPath Stock analysis
When running LightPath Technologies' price analysis, check to measure LightPath Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LightPath Technologies is operating at the current time. Most of LightPath Technologies' value examination focuses on studying past and present price action to predict the probability of LightPath Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LightPath Technologies' price. Additionally, you may evaluate how the addition of LightPath Technologies to your portfolios can decrease your overall portfolio volatility.
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