CS Disco Inc (NYSE: LAW) stock fell -0.53% on Friday to $5.67 against a previous-day closing price of $5.70. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.69 whereas the lowest price it dropped to was $5.07. The 52-week range on LAW shows that it touched its highest point at $10.77 and its lowest point at $5.09 during that stretch. It currently has a 1-year price target of $7.94. Beta for the stock currently stands at 2.25.
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 LAW was down-trending over the past week, with a drop of -4.38%, but this was down by -0.87% over a month. Three-month performance dropped to -38.57% while six-month performance fell -19.69%. The stock lost -38.77% in the past year, while it has lost -10.28% so far this year. A look at the trailing 12-month EPS for LAW yields -0.93 with Next year EPS estimates of -0.19. For the next quarter, that number is -0.09. This implies an EPS growth rate of 40.63% for this year and 59.47% for next year.
Float and Shares Shorts:
At present, 59.19 million LAW shares are outstanding with a float of 23.72 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.76 million, which was 1.27% higher than short shares on Sep 28, 2023. In addition to Mr. Scott Anthony Hill as the firm’s CEO & Director, Mr. Michael S. Lafair serves as its Executive VP & CFO.
Through their ownership of 79.47% of LAW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.76% of LAW, in contrast to 15.93% held by mutual funds. Shares owned by individuals account for 14.43%. As the largest shareholder in LAW with 5.11% of the stake, Solel Partners LP holds 3,071,648 shares worth 3,071,648. A second-largest stockholder of LAW, Franklin Advisers, Inc., holds 2,276,168 shares, controlling over 3.79% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in LAW, holding 1,876,636 shares or 3.12% stake. With a 3.50% stake in LAW, the Franklin Small Cap Growth Fund is the largest stakeholder. A total of 2,102,613 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 2.95% of LAW stock, is the second-largest Mutual Fund holder. It holds 1,774,256 shares valued at 9.95 million. Vanguard Total Stock Market ETF holds 1.17% of the stake in LAW, owning 700,982 shares worth 3.93 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LAW analysts setting a high price target of $15.00 and a low target of $5.50, the average target price over the next 12 months is $7.94. Based on these targets, LAW could surge 164.55% to reach the target high and fall by -3.0% to reach the target low. Reaching the average price target will result in a growth of 40.04% from current levels.
Summary of Insider Activity:
Insiders traded LAW stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 39,052 shares were bought while 3,042 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 426,856 while 29,522 shares were sold.