The stock of LegalZoom.com Inc. (NASDAQ: LZ) has increased by 1.76 when compared to last closing price of 11.95. Despite this, the company has experienced a -1.14% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-19 that LegalZoom (LZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in LegalZoom.com Inc. (NASDAQ: LZ) Right Now?
The price-to-earnings ratio for LegalZoom.com Inc. (NASDAQ: LZ) is 170.55x, which is above its average ratio. Moreover, the 36-month beta value for LZ is 1.25. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LZ is 123.06M and currently, short sellers hold a 3.84% of that float. On May 02, 2024, LZ’s average trading volume was 1.30M shares.
LZ’s Market Performance
The stock of LegalZoom.com Inc. (LZ) has seen a -1.14% decrease in the past week, with a -9.12% drop in the past month, and a 17.94% gain in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 2.93% for LZ. The simple moving average for the past 20 days is -2.55% for LZ’s stock, with a 4.56% simple moving average for the past 200 days.
Analysts’ Opinion of LZ
JP Morgan, on the other hand, stated in their research note that they expect to see LZ reach a price target of $14. The rating they have provided for LZ stocks is “Overweight” according to the report published on February 07th, 2024.
BofA Securities gave a rating of “Buy” to LZ, setting the target price at $12.25 in the report published on October 16th of the previous year.
LZ Trading at -3.25% from the 50-Day Moving Average
After a stumble in the market that brought LZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.45% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -7.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.84% upper at present.
During the last 5 trading sessions, LZ fell by -1.14%, which changed the moving average for the period of 200-days by -8.64% in comparison to the 20-day moving average, which settled at $12.43. In addition, LegalZoom.com Inc. saw 7.61% 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 LZ starting from Preece Richard, who sale 9,462 shares at the price of $13.17 back on Mar 15 ’24. After this action, Preece Richard now owns 498,519 shares of LegalZoom.com Inc., valued at $124,615 using the latest closing price.
Murphy John Francis, the Director of LegalZoom.com Inc., sale 10,000 shares at $12.47 during a trade that took place back on Mar 01 ’24, which means that Murphy John Francis is holding 40,507 shares at $124,740 based on the most recent closing price.
Stock Fundamentals for LZ
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.63 for the gross margin
The net margin for LegalZoom.com Inc. stands at 0.02. The total capital return value is set at 0.12. Equity return is now at value 8.97, with 3.12 for asset returns.
Based on LegalZoom.com Inc. (LZ), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 13.74. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 6.25.
Currently, EBITDA for the company is 52.96 million with net debt to EBITDA at -4.09. When we switch over and look at the enterprise to sales, we see a ratio of 3.15. The receivables turnover for the company is 56.12for trailing twelve months and the total asset turnover is 1.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To wrap up, the performance of LegalZoom.com Inc. (LZ) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
