Latch (NASDAQ:LTCH) Stock Price Up 14.3% – Should You Buy?

Shares of Latch, Inc. (NASDAQ:LTCH) rose 14.3% on Monday . The stock traded as high as $0.24 and last traded at $0.24. Approximately 228,442 shares changed hands during mid-day trading, an increase of 912% from the average daily volume of 22,574 shares. The stock had previously closed at $0.21.

Latch Price Performance

The firm has a market cap of $39.42 million, a P/E ratio of -1.04 and a beta of 1.32. The business has a fifty day simple moving average of $0.18 and a 200-day simple moving average of $0.14.

Latch Company Profile

Latch Inc is a technology company that specializes in smart access and building management solutions for multi-family residential and commercial properties. The company’s offering combines wireless door hardware with a cloud-based software platform (LatchOS) and a mobile application to provide keyless entry, visitor management, package delivery coordination and remote operational controls. Latch’s ecosystem integrates with third-party building systems—such as elevators, intercoms and security cameras—to streamline workflows for property managers and enhance the daily experience for tenants.

Founded in 2014 by Luke Schoenfelder and a team of engineers out of Cornell Tech in New York City, Latch began by addressing the need for more secure and convenient access in urban dwellings.