Positioning no disclosures inside 60 days, left as found
Options put/call open interest 1.98, read 2026-10-28
Ethical passes the values gate
Price8.28 USD
Fair value9.18
Ethical score70.0/100
Our investment reviews on this name
2026-10-28Read Distribution7.02+17.9% to today Markdown gives way to Distribution after a 28% slide in 2 weeks
2026-10-14Read Markdown9.72-14.8% to today ✓Accumulation gives way to Markdown
2026-10-02Read Accumulation10.20-18.8% to today Distribution gives way to Accumulation with volume flow in agreement
2026-08-04Read Distribution10.46-20.8% to today ✓Markup gives way to Distribution after a 27% slide in 5 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
LightPath Technologies, Inc. holds its Distribution at $8.28. Consolidating, no directional conviction, held for 8 days.
As held on the ledger · 2026-10-28
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 8 days
Price at the screen
$8.28
Valuation
N/A trailing · 63.82 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.38
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
18.63%
Below 33%
Interest-bearing debt is just 18.6% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
17.58%
Below 49%
Money owed to the company is 17.6% of assets, under the 49% limit.
Pass
Revenue purity
0.02%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
LightPath Technologies, clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 19%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-10-28. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when LPTH's ethical verdict changes
Today LPTH passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Fair value range in USD, drawn from the 2026-10-28 screen. The gold marker is the market price at the same screen. A 10.9% margin of safety to the base estimate.
Third-party analyst targets: 5 covering, consensus Strong Buy. The average target sits +87% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-28 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
LPTH trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 14.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading oversold. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16. Since the last review it its composite score rose.
2026-10-21Markdown$8.20-15.6%Entry 13
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 15.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading bearish. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16.
2026-10-14Markdown · changed$9.72-4.7%Entry 12
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 4.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16.
The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 26.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16. Since the last review it its composite score rose.
2026-09-10Distribution$13.79+0.0%Entry 10
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-09Distribution$13.79+0.0%Entry 9
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-08Distribution$13.79+0.0%Entry 8
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-06Distribution$13.79+0.0%Entry 7
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-05Distribution$13.79+0.0%Entry 6
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-04Distribution$13.79+31.8%Entry 5
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 31.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 86% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 409%. Our forward projection puts the odds of a 10% gain over the next month near 51%. The street (4 analysts) rates it strong buy, with a mean price target of $16.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.