Laser Photonics Corp. (LASE) just went public back in September of 2022 – but it’s already been a roller coaster ride for the company and its investors. The stock IPO’d at $5, and saw shares shrink to as low as $1.57 in December. But it appears things could be turning around and heading in the right direction.
Today, the company announced a new stock buyback program that was approved by its board of directors. The stock’s price rebounded in the past month or so, and this news has solidified the trend we saw forming – sending shares almost 43% higher today in Wednesday morning trading.
CEO Wayne Tupuola went on the record to say that Laser Photonics was able to raise $12 million from the IPO, helping contribute to improvements in financial performance and fundamentals. However, the stock price had not reflected this performance – and the company believes they are severely undervalued right now.
The specifics of the stock buyback program allow for the repurchasing of up to 2 million common shares. These purchases can be made over time as the company sees fit.
Investors who purchased the IPO aren’t quite as thrilled about this news as those who got into the stock recently are. While today’s price surge was impressive, the stock is still down 28% from where it was in October.
That means there is still room for it to climb – which begs the question, is now the right time to buy LASE? Is the stock truly undervalued as Tupuola claims? To get a clear answer on your next move with this stock, keep reading – we’ve identified one reason this could be an attractive opportunity through the VectorVest stock analysis software.
The Timing is as Good as it Gets for LASE Right Now
The VectorVest system simplifies trading by telling you everything you need to know about an opportunity in just three ratings. These are relative value (RV), relative safety (RS), and relative timing (RT).
Interpreting these ratings is as straightforward as it gets, as they sit on a scale of 0.00-2.00 – with 1.00 being the average. Ratings over the average indicate overperformance and vice versa. But the best part is the buy, sell, or hold recommendation you’re given based on these three ratings for any given stock, at any given time. As for LASE, here’s the current situation:
- Fair Upside Potential: The relative value rating analyzes the long-term price appreciation potential for a stock compared to AAA corporate bond rates and risk. And right now, LASE has a fair RV rating of 1.07. In terms of valuation, VectorVest deems the stock to be fully valued at the current price point.
- Poor Safety: Looking at the level of risk for LASE, VectorVest has provided a poor RS rating of 0.57. This rating is calculated based on the company’s financial consistency and predictability, debt-to-equity ratio, and business longevity.
- Excellent Timing: The most interesting rating for investors is the timing for LASE – which is as good as it gets with an RT rating of 2.00, tipping out the scale. This rating is based on the direction, dynamics, and magnitude of the stock’s price movement. It’s taken day over day, week over week, quarter over quarter, and year over year to offer the full perspective on a stock’s price trend.
These three ratings contribute to an overall VST rating of 1.40 – which is excellent on a scale of 0.00-2.00. Does that mean it’s time to buy? You don’t want to miss this recommendation – get a free stock analysis here to discover your next move with LASE.
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VectorVest advocates buying safe, undervalued stocks, rising in price. As for LASE, it is fully valued with fair upside potential, poor safety, and excellent timing right now.
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