Light & Wonder Inc (LNW) Reports -14.61% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Light & Wonder Inc (NASDAQ:LNW) does about 633.48K shares in volume on a normal day but saw 778579 shares change hands in Tuesday’s trading. The company now has a market cap of 8.38B USD. Its current market price is $92.99, marking an increase of 1.01% compared to the previous close of $92.06. The 52 week high reached by this stock is $108.90 whilst the lowest price level in 52 weeks is $56.01.

Light & Wonder Inc (LNW) has a 20-day trading average at $91.94 and the current price is -14.61% off the 52-week high compared with 66.02% distance from its 52-week low. The 50-day simple moving average of the closing price is $96.93 and its 200-day simple moving average is $84.23. If we look at the stock’s price movements over the week, volatility stands at 3.89%, which decreases to 2.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.42 to suggest the stock is neutral.

The consensus objective for the share price is $110.69, suggesting that the stock has a potential upside of 15.99% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 10, 2024 when Susquehanna downgraded the stock to “Neutral” and issued a price target of between $111 and $95. Redburn Atlantic downgraded its price target at $105-$110.

Light & Wonder Inc (LNW) stock is down -4.96% over the week and 1.16% over the past month. Its price is 13.25% year-to-date and 50.57% over the past year.

To reach the target analysts have set, the stock logically needs to grow 15.99 percent from here.

The company has a return on investment of 4.72% and return on equity of 24.20%. The price to earnings ratio (P/E ratio) amounts to 38.37 while the forward price to earnings ratio is 17.42. The beta has a value of 1.75. Price to book ratio is 10.02 and price to sales ratio is 2.80.