NASDAQ:LTCH

Latch (LTCH) Stock Forecast, Price & News

$1.29

+0.08 (+6.61%)

(As of 06/9/2023 ET)

Compare

Today's Range: $1.08
▼
$1.29
50-Day Range: $0.63
▼
$1.33
52-Week Range: $0.49
▼
$1.63

Volume: 889,110 shs
Average Volume: 1.10 million shs
Market Capitalization: $186.82 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.08

Latch MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 138.4% Upside
$3.08 Price Target
Short Interest: Bearish
5.35% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.70
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Auto/Tires/Trucks Sector

68th out of 97 stocks

Hardware Industry

2nd out of 2 stocks

3.0

Analyst's Opinion

Consensus Rating
Latch has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.08, Latch has a forecasted upside of 138.4% from its current price of $1.29.
Amount of Analyst Coverage
Latch has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
5.35% of the float of Latch has been sold short.
Short Interest Ratio / Days to Cover
Latch has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Latch has recently increased by 3.40%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Latch does not currently pay a dividend.
Dividend Growth
Latch does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LTCH.

2.6

News and Social Media Coverage

News Sentiment
Latch has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Latch this week, compared to 3 articles on an average week.
Search Interest
12 people have searched for LTCH on MarketBeat in the last 30 days. This is an increase of 1,100% compared to the previous 30 days.
MarketBeat Follows
3 people have added Latch to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Latch insiders have not sold or bought any company stock.
Percentage Held by Insiders
27.50% of the stock of Latch is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
40.35% of the stock of Latch is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Latch is -0.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Latch is -0.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Latch has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Latch (NASDAQ:LTCH) Stock

Latch, Inc. operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications. The company also offers hardware devices that include M, C, and R series door-mounted access control products; Latch Intercom, which integrates into the Latch core access systems and allows audio and video calls for remote unlocking; Latch Camera, a dome camera; Latch Hub, a connectivity solution that enables smart access, smart home, and sensor devices at various buildings; and Latch Leak Detector, a solution to enable leak prevention, detection, and resolution for building owners and residents. In addition, it provides NFC unlock on Android that allows the user to unlock their door without even opening their phone; Latch Visitor Express, a contactless visitor entry system; and LatchID, an identification system. The company is headquartered in New York, New York.

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LTCH Stock News Headlines

June 7, 2023 | uk.finance.yahoo.com

LTCH - Latch, Inc.

June 7, 2023 | finance.yahoo.com

Latch Announces New Head of Sales and Expands Integrations for Streamlined Property Management at NAA Apartmentalize 2023

June 10, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 30, 2023 | tmcnet.com

Latch Announces First Building-Wide Installation of 'Works with Latch' Marks USA Locks

May 24, 2023 | finance.yahoo.com

Latch Announces New Simplified Subscription Bundles

May 20, 2023 | finanznachrichten.de

Latch, Inc.: Latch receives anticipated notice of additional Nasdaq non-compliance

May 19, 2023 | finance.yahoo.com

Latch receives anticipated notice of additional Nasdaq non-compliance

May 18, 2023 | benzinga.com

Latch Stock (NASDAQ:LTCH), Short Interest Report

June 10, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 16, 2023 | finanznachrichten.de

Latch Systems, Inc: Latch provides update on SVB accounts and cash position

May 16, 2023 | businesswire.com

Latch to Acquire Ring Founder Jamie Siminoff’s Latest Company, Honest Day’s Work

May 16, 2023 | markets.businessinsider.com

Latch, Inc. To Acquire Honest Day's Work

May 15, 2023 | finance.yahoo.com

Latch, Inc. (LTCH) Stock Historical Prices & Data - Yahoo Finance

April 22, 2023 | americanbankingnews.com

Latch, Inc. (NASDAQ:LTCH) Short Interest Up 12.2% in March

April 12, 2023 | msn.com

Latch receives extension from Nasdaq

April 11, 2023 | finance.yahoo.com

Latch receives extension from Nasdaq Hearings Panel, additional notification of non-compliance

April 4, 2023 | americanbankingnews.com

Latch, Inc. (NASDAQ:LTCH) Short Interest Up 8.6% in March

March 13, 2023 | finance.yahoo.com

Latch provides update on SVB accounts and cash position

March 1, 2023 | finance.yahoo.com

Latch announces receipt of extended Nasdaq stay

February 13, 2023 | finance.yahoo.com

Latch Announces Receipt of Expected Nasdaq Delisting Determination, Plans to Request Appeal by February 14

November 2, 2022 | benzinga.com

FINAL DEADLINE ALERT: The Schall Law Firm Encourages Investors in Latch, Inc. with Losses of $100,000 to Contact the Firm

October 26, 2022 | benzinga.com

CLASS ACTION UPDATE for LTCH, ABT and OPEN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

October 25, 2022 | benzinga.com

IMPORTANT OCTOBER DEADLINE: The Schall Law Firm Encourages Investors in Latch, Inc. With Losses to Contact the Firm

October 25, 2022 | finance.yahoo.com

Latch reaches 100 million annual unlocks with the Latch app and announces LatchOS2 with Dioramic Controls, Concierge, and OpenKit

October 20, 2022 | benzinga.com

LTCH LAWSUIT ALERT: Levi & Korsinsky Notifies Latch, Inc. f/k/a TS Innovation Acquisitions Corp. Investor - Benzinga

October 19, 2022 | benzinga.com

Latch, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses; Last days to actively - Benzinga

October 19, 2022 | benzinga.com

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Latch, Inc. Investors with Losses to Secure Counsel Before - Benzinga

See More Headlines

LTCH Price History

30 days | 90 days | 365 days | Advanced Chart

LTCH Company Calendar

Today: 6/10/2023
Next Earnings (Estimated): 6/15/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Hardware
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:LTCH
CUSIP: N/A
CIK: 1826000
Web: www.latch.com
Phone: 917-338-3915
Fax: N/A
Employees: 440
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $3.08
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $1.15
Forecasted Upside/Downside: +138.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $48.39 million
Price / Sales: 3.86
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.65 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 144,820,000
Free Float: 104,995,000
Market Cap: $186.82 million
Optionable: Optionable
Beta: 1.77

Key Executives

Mr. Luke Andrew Schoenfelder (Age 33)
Co-Founder, CEO & Chairman
Comp: $402.05k

Mr. Michael Brian Jones (Age 33)
Co-Founder & Chief Technology Officer
Comp: $297.68k

Mr. Thomas Meyerhoffer
Co-Founder & Chief Design Officer

Mr. Barry Schaeffer (Age 54)
Interim CFO & Treasurer

Mr. Junji Nakamura (Age 46)
Chief Accounting Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LTCH Stock - Frequently Asked Questions

Should I buy or sell Latch stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Latch in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LTCH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LTCH, but not buy additional shares or sell existing shares.
View LTCH analyst ratings or view top-rated stocks.
What is Latch's stock price forecast for 2023?: 1 equities research analysts have issued twelve-month target prices for Latch's shares. Their LTCH share price forecasts range from $1.15 to $5.00. On average, they expect the company's share price to reach $3.08 in the next year. This suggests a possible upside of 138.4% from the stock's current price.
View analysts price targets for LTCH or view top-rated stocks among Wall Street analysts.
How have LTCH shares performed in 2023?: Latch's stock was trading at $0.7099 at the beginning of the year. Since then, LTCH stock has increased by 81.7% and is now trading at $1.29.
View the best growth stocks for 2023 here.
When is Latch's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 15th 2023.
View our LTCH earnings forecast.
What ETF holds Latch's stock ?: Direxion Moonshot Innovators ETF holds 240,213 shares of LTCH stock, representing 0.50% of its portfolio.
What is Latch's stock symbol?: Latch trades on the NASDAQ under the ticker symbol "LTCH."

Who are Latch's major shareholders?: Latch's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.62%), State Street Corp (1.92%), Geode Capital Management LLC (1.36%), Hawkeye Capital Management LLC (0.32%), Renaissance Technologies LLC (0.27%) and Charles Schwab Investment Management Inc. (0.23%).
How do I buy shares of Latch?: Shares of LTCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Latch's stock price today?: One share of LTCH stock can currently be purchased for approximately $1.29.
How much money does Latch make?: Latch (NASDAQ:LTCH) has a market capitalization of $186.82 million and generates $48.39 million in revenue each year. The company earns $-166,320,000.00 in net income (profit) each year or ($1.60) on an earnings per share basis.
How many employees does Latch have?: The company employs 440 workers across the globe.
How can I contact Latch?: Latch's mailing address is 45 ROCKEFELLER PLAZA, NEW YORK NY, 10111. The official website for the company is www.latch.com. The company can be reached via phone at 917-338-3915 or via email at investors@latch.com.

This page (NASDAQ:LTCH) was last updated on 6/10/2023 by MarketBeat.com Staff

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