At the last check on Thursday, Leafly Holdings Inc.’s (NASDAQ:LFLY) stock was up $0.07, moving up 18.41 percent to $0.48. The average number of shares traded per day over the past five days has been 426,739 shares. 5 times new highs have been achieved over the past 5 days, with a $0.1887 gain in that time frame. In the last twenty days, the average volume was 185,550, while in the previous 50 days, it was 338,560.
Since last month, LFLY stock rose 42.65%. Shares of the company fell to $0.2905 on 08/17/23, the lowest level in the past month. A 52-week high of $1.67 was reached on 01/17/23 after having rallying from a 52-week low of $0.23. Since the beginning of this year, LFLY’s stock price has dropped by -25.60% or -$0.1532, and marked a new high 6 times. However, the stock has declined by -70.96% since its 52-week high.
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LFLY stock investors should be aware that Leafly Holdings Inc. (LFLY) stock had its last reported insider trading activity 8 days ago on Aug 23. Miyashita Yoko, the Chief Executive Officer of the company, disposed of 9,361 shares for $0.32 on Aug 23. It resulted in a $2,956 divestment by the insider. Krishnaswamy Suresh sold 6,241 shares at an average price of $0.32 on Aug 23. The insider now owns 389,036 shares following the transaction. On Jul 25, Chief Executive Officer Miyashita Yoko sold 4,032 shares at $0.30 apiece. The transaction was valued at $1,210.
Valuation Metrics
Right now, Leafly Holdings Inc. (LFLY) has a P/E ratio of about 1.21. The stock’s beta is 1.27.
Financial Health
In the three months ended June 29, Leafly Holdings Inc.’s quick ratio stood at 2.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 87.80% percent. In the year ended June 29, EBITDA margin amounted to -58.18%, whereas operating margins totaled -59.30%. Based on annual data, LFLY earned $41.5 million in gross profit and brought in $47.36 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LFLY’s revenue fell -15.42% to $11.25 million during the quarter, while net income inched up to $10.44 million. While analysts expected Leafly Holdings Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by 55.60%. During the quarter, the company generated -$0.53 million in EBITDA. The liabilities of Leafly Holdings Inc. were 36.11 million at the end of its most recent quarter ended June 29, and its total debt was $29.14 million. The value of shareholders’ equity is $41.41 million.
Technical Picture
This quick technical analysis looks at Leafly Holdings Inc.’s (LFLY) price momentum. With a historical volatility rate of 173.47%, the RSI 9-day stood at 81.70% on 30 August.
With respect to its five-day moving average, the current Leafly Holdings Inc. price is up by +60.87% percent or $0.1887. At present, LFLY shares trade +50.66% above its 20-day simple moving average and +30.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +65.79% above its SMA50 and -45.79% below its SMA200.
Stochastic coefficient K was 74.61% and Stochastic coefficient D was 63.03%, while ATR was 0.0586. Given the Stochastic reading of 77.25% for the 14-day period, the RSI (14) reading has been calculated as 75.03%. As of today, the MACD Oscillator reading stands at 0.0599, while the 14-day reading stands at 0.0715.
Analyst Ratings
Cowen launched its rating on Leafly Holdings Inc. (NASDAQ: LFLY) to an Outperform in a note to investors on May 20, 2022. Leafly Holdings Inc. (LFLY) has been rated Overweight by analysts. According to 0 brokerage firms, LFLY is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Leafly Holdings Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $0.30 – $3.00. Based on these forecasts, analysts predict Leafly Holdings Inc. (LFLY) will achieve an average price target of $1.43.
