There is no way Inc. (LTRY) can keep these numbers up Inc. (NASDAQ: LTRY) stock jumped 18.68% on Friday to $0.35 against a previous-day closing price of $0.29. With 5.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.3600 whereas the lowest price it dropped to was $0.2900. The 52-week range on LTRY shows that it touched its highest point at $17.50 and its lowest point at $0.25 during that stretch. Beta for the stock currently stands at 0.59.

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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 LTRY was down-trending over the past week, with a drop of -55.12%, but this was down by -68.74% over a month. Three-month performance dropped to -85.29% while six-month performance fell -91.68%. The stock lost -96.77% in the past year, while it has lost -94.50% so far this year. A look at the trailing 12-month EPS for LTRY yields 0.06 with Next year EPS estimates of 0.61. For the next quarter, that number is -0.19. This implies an EPS growth rate of -105.40% for this year and 2133.30% for next year.

Float and Shares Shorts:

At present, 46.83 million LTRY shares are outstanding with a float of 39.04 million shares on hand for trading. On Apr 28, 2022, short shares totaled 1.39 million, which was 2.73% higher than short shares on Mar 30, 2022. In addition to Mr. Lawrence Anthony DiMatteo III as the firm’s Chairperson of the Board & CEO, Mr. Ryan Dickinson serves as its CFO, Pres & Treasurer.

Institutional Ownership:

Through their ownership of 4.80% of LTRY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 25.67% of LTRY, in contrast to 2.63% held by mutual funds. Shares owned by individuals account for 2.36%. As the largest shareholder in LTRY with 0.90% of the stake, The Vanguard Group, Inc. holds 457,623 shares worth 457,623. A second-largest stockholder of LTRY, BlackRock Fund Advisors, holds 428,608 shares, controlling over 0.84% of the firm’s shares. Invenomic Capital Management LP is the third largest shareholder in LTRY, holding 396,268 shares or 0.78% stake. With a 0.90% stake in LTRY, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 457,623 shares are owned by the mutual fund manager. The Northern Lights Fund Trust II – B, which owns about 0.75% of LTRY stock, is the second-largest Mutual Fund holder. It holds 378,063 shares valued at 0.42 million. Fidelity Extended Market Index Fu holds 0.35% of the stake in LTRY, owning 177,218 shares worth 0.2 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LTRY since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 LTRY analysts setting a high price target of $14.00 and a low target of $14.00, the average target price over the next 12 months is $14.00. Based on these targets, LTRY could surge 3900.0% to reach the target high and rise by 3900.0% to reach the target low. Reaching the average price target will result in a growth of 3900.0% 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. LTRY will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$0.03 being high and -$0.03 being low. For LTRY, this leads to a yearly average estimate of -$0.03. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Inc. surprised analysts by -$0.14 when it reported -$0.33 EPS against a consensus estimate of -$0.19. The surprise factor in the prior quarter was -$0.39. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.05.

Summary of Insider Activity:

Insiders traded LTRY stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 165,604 shares were bought while 0 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 16,441,996 while 769,386 shares were sold.

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