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.
Institutional Ownership:
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.
Analysts Ratings:
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.
