(LMN) Lumine - Ratings and Ratios

Lumine Group Inc. (LMN) is a software solutions provider that develops, implements, and tailors software applications globally, complemented by professional services and support. The companys diversified revenue streams include software license sales and third-party hardware resale. As a subsidiary of Trapeze Software ULC, Lumine Group leverages its expertise to deliver comprehensive software solutions. Headquartered in Mississauga, Canada, and founded in 2014, the company has established itself in the Application Software sub-industry.

From a market perspective, Lumine Groups stock has demonstrated a strong performance, with its current price of $47.64 CAD indicating a significant uptrend. The stocks moving averages suggest a bullish trend, with the SMA20 at $47.32 and SMA50 at $44.32, both of which are below the current price. Furthermore, the SMA200 at $39.37 is substantially lower, indicating a long-term uptrend. The Average True Range (ATR) of 1.50, equivalent to 3.16%, suggests moderate volatility.

Analyzing the fundamental data, Lumine Groups Market Cap stands at $12.543 billion CAD, with a P/E ratio of 14.12, indicating a relatively reasonable valuation. However, the Forward P/E of 49.02 suggests expected significant earnings growth. The Return on Equity (RoE) of 162.05 is exceptionally high, indicating the companys ability to generate substantial profits from shareholder equity.

Forecasting future performance, we can expect Lumine Groups stock to continue its upward trend, driven by its strong fundamental indicators and bullish technical signals. The stocks proximity to its 52-week high of $49.40 suggests potential for further growth, albeit with moderate volatility. As the company continues to expand its software solutions and professional services, its revenue growth is likely to drive earnings upward, justifying the high Forward P/E. Therefore, a potential target price could be around $55-$60 CAD, representing a 15-25% increase from the current price.