Light & Wonder Inc. (NASDAQ: LNW) stock fell -0.99% on Friday to $49.00 against a previous-day closing price of $49.49. With 0.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.82 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $49.10 whereas the lowest price it dropped to was $47.24. The 52-week range on LNW shows that it touched its highest point at $90.20 and its lowest point at $41.48 during that stretch. It currently has a 1-year price target of $69.14. Beta for the stock currently stands at 1.75.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LNW was up-trending over the past week, with a rise of 3.20%, but this was down by -3.18% over a month. Three-month performance dropped to -19.66% while six-month performance fell -17.38%. The stock lost -21.83% in the past year, while it has lost -26.68% so far this year. A look at the trailing 12-month EPS for LNW yields 0.30 with Next year EPS estimates of 2.80. For the next quarter, that number is 0.07. This implies an EPS growth rate of 100.60% for this year and 93.30% for next year.
Float and Shares Shorts:
At present, 97.00 million LNW shares are outstanding with a float of 90.36 million shares on hand for trading. On Apr 28, 2022, short shares totaled 4.72 million, which was 4.83% higher than short shares on Mar 30, 2022. In addition to Mr. Jamie Ronald Odell M.B.A., MBA as the firm’s Exec. Chairman, Mr. Barry L. Cottle serves as its CEO, Pres & Director.
Institutional Ownership:
Through their ownership of 94.97% of LNW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.12% of LNW, in contrast to 32.90% held by mutual funds. Shares owned by individuals account for 16.86%. As the largest shareholder in LNW with 9.85% of the stake, Fine Capital Partners LP holds 9,419,622 shares worth 9,419,622. A second-largest stockholder of LNW, BlackRock Fund Advisors, holds 9,344,452 shares, controlling over 9.77% of the firm’s shares. Caledonia is the third largest shareholder in LNW, holding 9,240,500 shares or 9.66% stake. With a 2.96% stake in LNW, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,829,174 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.89% of LNW stock, is the second-largest Mutual Fund holder. It holds 2,761,642 shares valued at 129.77 million. Vanguard Small Cap Index Fund holds 2.53% of the stake in LNW, owning 2,417,023 shares worth 113.58 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LNW since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LNW analysts setting a high price target of $105.00 and a low target of $48.00, the average target price over the next 12 months is $71.50. Based on these targets, LNW could surge 114.29% to reach the target high and fall by -2.04% to reach the target low. Reaching the average price target will result in a growth of 45.92% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LNW will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $2.34 being high and -$0.18 being low. For LNW, this leads to a yearly average estimate of $1.31. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Light & Wonder Inc. surprised analysts by $0.39 when it reported $0.26 EPS against a consensus estimate of -$0.13. The surprise factor in the prior quarter was $0.49. Based on analyst estimates, the high estimate for the next quarter is $0.52 and the low estimate is -$0.65. The average estimate for the next quarter is thus $0.02.
Summary of Insider Activity:
Insiders traded LNW stock several times over the past three months with 14 Buys and 2 Sells. In these transactions, 47,413 shares were bought while 7,977 shares were sold. The number of buy transactions has increased to 51 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 342,051 while 97,767 shares were sold.
