LRAD Corp (NASDAQ:LRAD) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $5.00 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned LRAD an industry rank of 156 out of 256 based on the ratings given to related companies.
Several equities research analysts recently issued reports on LRAD shares. UBS Group set a $54.00 price objective on shares of Westlake Chemical and gave the stock a “sell” rating in a research report on Tuesday, July 2nd. Oppenheimer initiated coverage on shares of LRAD in a research report on Tuesday, July 2nd. They set an “outperform” rating and a $5.00 price target for the company. Finally, CIBC dropped their price target on shares of TFI International from C$47.00 to C$45.00 in a research report on Tuesday, July 2nd.
LRAD stock traded up $0.07 during midday trading on Friday, hitting $4.11. 57,194 shares of the stock were exchanged, compared to its average volume of 93,790. LRAD has a fifty-two week low of $2.08 and a fifty-two week high of $4.15. The firm has a market cap of $133.87 million, a PE ratio of -68.50 and a beta of 0.62. The stock’s 50-day moving average price is $3.54.
LRAD (NASDAQ:LRAD) last released its quarterly earnings data on Tuesday, May 7th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. LRAD had a negative net margin of 0.97% and a negative return on equity of 0.88%. The firm had revenue of $10.19 million during the quarter. On average, analysts expect that LRAD will post 0.11 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Princeton Global Asset Management LLC acquired a new position in shares of LRAD in the fourth quarter valued at approximately $25,000. Marshall Wace LLP acquired a new position in shares of LRAD in the first quarter valued at approximately $35,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of LRAD by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 128,241 shares of the scientific and technical instruments company’s stock valued at $323,000 after purchasing an additional 13,762 shares in the last quarter. Institutional investors and hedge funds own 48.13% of the company’s stock.
LRAD Company Profile
LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.
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