CS Disco Inc (NYSE: LAW)’s stock price has plunge by 0.13relation to previous closing price of 7.72. Nevertheless, the company has seen a 0.26% surge in its stock price over the last five trading sessions. Business Wire reported 2024-04-18 that AUSTIN, Texas–(BUSINESS WIRE)–CS Disco, Inc. (“DISCO”) (NYSE: LAW), a leader in AI-enabled legal technology, today announced that it will report its financial results for the first quarter ended March 31, 2024 after market close on Thursday, May 9, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, May 9, 2024. The conference call can be accessed by dialing (888) 300-4.
Is It Worth Investing in CS Disco Inc (NYSE: LAW) Right Now?
The stock has a 36-month beta value of 2.22. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LAW is 23.71M, and at present, short sellers hold a 3.74% of that float. On April 24, 2024, the average trading volume of LAW was 220.18K shares.
LAW’s Market Performance
LAW stock saw a decrease of 0.26% in the past week, with a monthly decline of -1.90% and a quarterly a decrease of -9.59%. The volatility ratio for the week is 4.04%, and the volatility levels for the last 30 days are 4.21% for CS Disco Inc (LAW). The simple moving average for the last 20 days is -2.28% for LAW stock, with a simple moving average of 1.95% for the last 200 days.
Analysts’ Opinion of LAW
Many brokerage firms have already submitted their reports for LAW stocks, with JP Morgan repeating the rating for LAW by listing it as a “Neutral.” The predicted price for LAW in the upcoming period, according to JP Morgan is $9 based on the research report published on March 25, 2024 of the current year 2024.
MoffettNathanson, on the other hand, stated in their research note that they expect to see LAW reach a price target of $9. The rating they have provided for LAW stocks is “Market Perform” according to the report published on September 14th, 2023.
Citigroup gave a rating of “Neutral” to LAW, setting the target price at $8 in the report published on January 12th of the previous year.
LAW Trading at 2.37% from the 50-Day Moving Average
After a stumble in the market that brought LAW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.23% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 4.04%, as shares surge +3.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.62% lower at present.
During the last 5 trading sessions, LAW rose by +0.26%, which changed the moving average for the period of 200-days by -7.20% in comparison to the 20-day moving average, which settled at $7.92. In addition, CS Disco Inc saw 1.84% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LAW starting from Lafair Michael, who sale 8,614 shares at the price of $6.82 back on Feb 28 ’24. After this action, Lafair Michael now owns 826,345 shares of CS Disco Inc, valued at $58,747 using the latest closing price.
Smith Kevin Joseph, the EVP, Chief Product Officer of CS Disco Inc, sale 5,765 shares at $6.82 during a trade that took place back on Feb 28 ’24, which means that Smith Kevin Joseph is holding 298,089 shares at $39,317 based on the most recent closing price.
Stock Fundamentals for LAW
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 0.75 for the gross margin
The net margin for CS Disco Inc stands at -0.31. The total capital return value is set at -0.24. Equity return is now at value -19.88, with -17.28 for asset returns.
Based on CS Disco Inc (LAW), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -2.79. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -259.61.
Currently, EBITDA for the company is -37.38 million with net debt to EBITDA at 3.63. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 5.12for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.32.
Conclusion
To sum up, CS Disco Inc (LAW) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
