The stock of Light & Wonder Inc (NASDAQ:LNW) last traded at $104.88, down -1.16% from the previous session.
LNW stock price is now 10.51% away from the 50-day moving average and 19.69% away from the 200-day moving average. The market capitalization of the company currently stands at $9.45B.
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With the price target reduced from $111 to $95, Susquehanna Downgraded its rating from Positive to Neutral for Light & Wonder Inc (NASDAQ: LNW). On March 26, 2024, Mizuho recently initiated its ‘Underperform’ rating on the stock quoting a target price of $83, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, Korsanos Antonia, Director bought 70 shares of the company’s stock on May 17 ’24. The stock was bought for $6,653 at an average price of $95.04. Upon completion of the transaction, the Director now directly owns 313 shares in the company, valued at $32827.44. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, Director Korsanos Antonia bought 72 shares of the business’s stock. A total of $6,589 was incurred on buying the stock at an average price of $91.51. This leaves the insider owning 243 shares of the company worth $25485.84. A total of 0.55% of the company’s stock is owned by insiders.
During the past 12 months, Light & Wonder Inc has had a low of $62.16 and a high of $108.90. As of last week, the company has a debt-to-equity ratio of 4.70, a current ratio of 1.98, and a quick ratio of 1.72. According to the stock market information, the enterprise value for the company is $12930643968, which is based on a 43.27 price-to-earnings ratio, a 60.94 price-to-earnings-growth ratio, and a beta of 1.79. The fifty day moving average price for LNW is $95.233 and a two-hundred day moving average price translates $87.7598 for the stock.
The latest earnings results from Light & Wonder Inc (NASDAQ: LNW) was released for 2024-03-31. The net profit margin was 7.46% and return on equity was 24.20% for LNW. The company reported revenue of $756.0 million for the quarter, compared to $670.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.84 percent.
