LegalZoom.com Inc. (NASDAQ:LZ) finished Wednesday with a subtraction of -$3.14 to close at $12.21, a downside of -20.46 percent. An average of 1,999,100 shares of common stock have been traded in the last five days. There was a fall of -$3.10 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,304,665 shares traded, while the 50-day average volume stands at 1,256,402.
LZ stock has decreased by -2.86% in the last month. The company shares reached their 1-month lowest point of $11.40 on 08/09/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $6.89 and a high of $15.68 in 52 weeks. It has reached a new high 28 times so far this year and achieved 57.75% or $4.47 in price. In spite of this, the price is down -22.13% from the 52-week high.
Insider Transactions
LZ stock investors should be aware that LegalZoom.com Inc. (LZ) stock had its last reported insider trading activity 157 days ago on Mar 06. In this transaction, the insider spent $340,871. Chief Financial Officer, Watson Noel Bertram, disposed of 38,893 shares at a price of $8.42 on Mar 03. The insider now owns more than $327,362 worth of shares. Prior to that, Chief Executive Officer Wernikoff Daniel A went on to Sale 4,243 shares at $8.42 each on Mar 03. An amount of $35,713 was transacted.
Valuation Metrics
LegalZoom.com Inc. (LZ) stock’s beta is 0.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.70, the price-to-book (PB) ratio at 15.65, and the price-to-cash flow ratio at 41.83.
Financial Health
The quick ratio of LegalZoom.com Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. LegalZoom.com Inc.’s EBITDA margin for the year ending June 29 is -2.88%, while its operating margin for the same period stands at -3.10%. Its gross profit as reported stood at $408.88 million compared to revenue of $619.98 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, LegalZoom.com Inc.’s return on assets was -4.90%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.4 million in the quarter, while revenues of -$2.36 million were shrunk -5476.43%. The analyst consensus anticipated LegalZoom.com Inc.’s latest quarter earnings to come in at $0.1 per share, but it turned out to be $0.1, a 0.00% surprise. For the quarter, EBITDA amounted to $11.29 million. At the end of the quarter ending June 29, LegalZoom.com Inc.’s stock balance sheet showed total liabilities of 280.29 million. Shareholders own equity worth $191.79 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at LegalZoom.com Inc. (LZ) price momentum. RSI 9-day as of the close on 09 August was 24.04%, suggesting the stock is oversold, with historical volatility in this time frame at 117.76%.
As of today, LZ’s price is $14.81 -20.25% or -$3.10 from its 5-day moving average. LZ is currently trading -5.79% lower than its 20-day SMA and +38.28% higher than its 100-day SMA. However, the stock’s current price level is +12.95% above the SMA50 and +54.85% above the SMA200.
The stochastic %K and %D were 64.39% and 81.75%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 18.93% and the average true range at 0.73, the RSI (14) stands at 34.22%. The stock has reached -0.64 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
MoffettNathanson upgraded LegalZoom.com Inc. (NASDAQ: LZ) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for LegalZoom.com Inc. (LZ) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LZ, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
