Laser Photonics Corp (NASDAQ:LASE) does about 750.25K shares in volume on a normal day but saw 13479895 shares change hands in the recent trading day. The company now has a market cap of 258.88M USD. Its current market price is $18.80, marking an increase of 80.60% compared to the previous close of $10.41. The 52 week high reached by this stock is $11.30 whilst the lowest price level in 52 weeks is $0.67.
Laser Photonics Corp (LASE) has a 20-day trading average at $6.47 and the current price is 66.37% off the 52-week high compared with 2705.97% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.09 and its 200-day simple moving average is $2.23. If we look at the stock’s price movements over the week, volatility stands at 37.83%, which decreases to 32.10% 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 84.20 to suggest the stock is overbought.
The consensus objective for the share price is $10.00, suggesting that the stock has a potential downside of -88.0% over the period.
The current price level is 231.22%, 400.74%, and 778.75% away from its SMA20, SMA50, and SMA200 respectively, with the LASE price moving below the 50-day SMA on current market day. Laser Photonics Corp (LASE) stock is up 210.74% over the week and 552.78% over the past month. Its price is 1493.22% year-to-date and 1046.34% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -88.0 percent from here.
Outstanding shares total 9.25M with insiders holding 28.03% of the shares and institutional holders owning 37.46% of the company’s common stock. The company has a return on investment of -106.97% and return on equity of -33.37%. The beta has a value of 2.70. Price to book ratio is 22.39 and price to sales ratio is 83.51.
