The stock of Leafly Holdings Inc (NASDAQ: LFLY) has increased by 51.43 when compared to last closing price of 2.10.Despite this, the company has seen a gain of 49.30% in its stock price over the last five trading days. MarijuanaStocks reported 2024-04-18 that This week, several marijuana stocks are drawing attention due to their volatility and potential for growth. The cannabis industry in the U.S. has seen remarkable progress, particularly with more states legalizing its use. According to recent statistics, the U.S. cannabis market is expected to grow substantially. By 2025, sales are projected to surpass $30 billion, indicating a robust expansion from current levels. Furthermore, recent headlines have highlighted advancements in legalization efforts, such as New York State finalizing regulations for recreational cannabis sales. These developments are crucial as they pave the way for increased business opportunities and market expansions.
Is It Worth Investing in Leafly Holdings Inc (NASDAQ: LFLY) Right Now?
The 36-month beta value for LFLY is at 1.12. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LFLY is 1.60M, and currently, shorts hold a 4.00% of that float. The average trading volume for LFLY on May 01, 2024 was 54.99K shares.
LFLY’s Market Performance
LFLY’s stock has seen a 49.30% increase for the week, with a -1.85% drop in the past month and a -32.63% fall in the past quarter. The volatility ratio for the week is 21.61%, and the volatility levels for the past 30 days are at 15.64% for Leafly Holdings Inc The simple moving average for the past 20 days is 23.81% for LFLY’s stock, with a -42.00% simple moving average for the past 200 days.
Analysts’ Opinion of LFLY
Many brokerage firms have already submitted their reports for LFLY stocks, with Cowen repeating the rating for LFLY by listing it as a “Outperform.” The predicted price for LFLY in the upcoming period, according to Cowen is $12 based on the research report published on May 20, 2022 of the previous year 2022.
LFLY Trading at 14.00% from the 50-Day Moving Average
After a stumble in the market that brought LFLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.12% of loss for the given period.
Volatility was left at 15.64%, however, over the last 30 days, the volatility rate increased by 21.61%, as shares sank -3.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.35% lower at present.
During the last 5 trading sessions, LFLY rose by +49.30%, which changed the moving average for the period of 200-days by -51.54% in comparison to the 20-day moving average, which settled at $2.56. In addition, Leafly Holdings Inc saw -33.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LFLY starting from Miyashita Yoko, who sale 671 shares at the price of $6.97 back on Oct 26 ’23. After this action, Miyashita Yoko now owns 28,680 shares of Leafly Holdings Inc, valued at $4,680 using the latest closing price.
Krishnaswamy Suresh, the CFO of Leafly Holdings Inc, sale 489 shares at $6.97 during a trade that took place back on Oct 26 ’23, which means that Krishnaswamy Suresh is holding 19,963 shares at $3,410 based on the most recent closing price.
Stock Fundamentals for LFLY
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 0.89 for the gross margin
The net margin for Leafly Holdings Inc stands at -0.25. The total capital return value is set at -0.42.
Based on Leafly Holdings Inc (LFLY), the company’s capital structure generated 1.75 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at -2.33. The interest coverage ratio of the stock is -2.54.
Currently, EBITDA for the company is -6.07 million with net debt to EBITDA at -2.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 16.03for trailing twelve months and the total asset turnover is 1.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.74.
Conclusion
In conclusion, Leafly Holdings Inc (LFLY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
