While Lakeland Industries, Inc has overperformed by 1.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LAKE rose by 41.93%, with highs and lows ranging from $26.36 to $15.10, whereas the simple moving average jumped by 20.38% in the last 200 days.
On April 24, 2024, Maxim Group started tracking Lakeland Industries, Inc (NASDAQ: LAKE) recommending Buy. A report published by The Benchmark Company on June 09, 2020, Initiated its previous ‘Buy’ rating for LAKE. ROTH Capital also rated LAKE shares as ‘Buy’, setting a target price of $18.50 on the company’s shares in an initiating report dated April 15, 2020. ROTH Capital Initiated an Buy rating on August 23, 2017, and assigned a price target of $18. Singular Research initiated its ‘Buy’ rating for LAKE, as published in its report on February 10, 2016. Friedman Billings’s report from April 13, 2007 suggests a price prediction of $14 for LAKE shares, giving the stock a ‘Mkt Perform’ rating.
Analysis of Lakeland Industries, Inc (LAKE)
With LAKE’s current dividend of $0.12 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 44.46%, showing a positive trend in the upcoming months.
Lakeland Industries, Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -0.49% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.77, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and LAKE has an average volume of 45.55K. On a monthly basis, the volatility of the stock is set at 4.87%, whereas on a weekly basis, it is put at 4.42%, with a loss of -1.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $28.00, showing growth from the present price of $25.15, which can serve as yet another indication of whether LAKE is worth investing in or should be passed over.
How Do You Analyze Lakeland Industries, Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.16%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.13% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LAKE shares are owned by institutional investors to the tune of 67.13% at present.
