Look Past The Setbacks And Give Light & Wonder Inc (NASDAQ: LNW) Another Chance

Light & Wonder Inc (NASDAQ:LNW) currently has a daily average trading volume of 611.44K but it saw 2053725 shares traded in last market. With a market cap of 9.36B USD, the company’s current market price of $105.99 came rising about 4.28 while comparing to the previous closing price of $101.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $115.00 and as low as $84.00.

Taking a look at 20-day trading activity of Light & Wonder Inc (LNW) gives us an average price of $91.54, while its current price level is -7.83% below from 52-week high level whereas it is 26.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $89.85 while that of 200 days or SMA-200 reads an average of $97.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.83% during that period while stretching the period over a month that decreases to 2.71%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 75.53 which implies that the stock is in overbought territory.

Over the week, LNW’s stock price is moving 12.33% up while it is 17.71% when we observe its performance for the past one month. Year-to-date it is 22.70% up and over the past year, the stock is showing an upside performance of 18.92%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0.96 while estimate for next year EPS is 3.58. In next quarter, company is expected to be making quarterly sales of $811.4M as analysts are expecting the sales for current fiscal year at $3.19B and seeing the company making $3.44B in sales next year. Moreover, analysts are in estimates of $800.57M for current-quarter revenue.

Currently, Light & Wonder Inc’s total number of outstanding shares is 89.00M with 0.56% of that held by the insiders while 68.55% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.22% and return on equity (ROE) at 32.47%. It has a price to earnings ratio (P/E ratio) of 32.98 while having a 15.90 of forward P/E ratio. Stock’s beta reads 1.64. Stock has a price to book (P/B) ratio of 10.99 while price to sale or P/S ratio amounts to 2.96. Its return on asset (ROA) is 5.14% on average.