Life360 Inc. (NASDAQ: LIF)’s stock price has dropped by -0.86 in relation to previous closing price of 39.46. Nevertheless, the company has seen a gain of 7.47% in its stock price over the last five trading days. investors.com reported 2024-08-09 that Life360 stock surged on Friday after the newly public company delivered a modest beat-and-raise quarterly report.
Is It Worth Investing in Life360 Inc. (NASDAQ: LIF) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LIF is 67.25M and currently, short sellers hold a 0.23% ratio of that float. The average trading volume of LIF on August 23, 2024 was 252.56K shares.
LIF’s Market Performance
The volatility ratio for the week is 3.96%, and the volatility levels for the past 30 days are at 5.12% for LIF. The simple moving average for the past 20 days is 15.60% for LIF’s stock, with a 20.76% simple moving average for the past 200 days.
Analysts’ Opinion of LIF
Many brokerage firms have already submitted their reports for LIF stocks, with Jefferies repeating the rating for LIF by listing it as a “Buy.” The predicted price for LIF in the upcoming period, according to Jefferies is $43 based on the research report published on August 09, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see LIF reach a price target of $37. The rating they have provided for LIF stocks is “Buy” according to the report published on July 02nd, 2024.
JMP Securities gave a rating of “Mkt Outperform” to LIF, setting the target price at $38 in the report published on June 20th of the current year.
LIF Trading at 19.60% from the 50-Day Moving Average
After a stumble in the market that brought LIF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.03% of loss for the given period.
Volatility was left at 5.12%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares surge +27.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.94% upper at present.
During the last 5 trading sessions, LIF rose by +7.47%, in comparison to the 20-day moving average, which settled at $34.26. In addition, Life360 Inc. saw 44.89% 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 LIF starting from Hulls Chris, who sale 113,890 shares at the price of $27.00 back on Jun 17 ’24. After this action, Hulls Chris now owns 1,825,652 shares of Life360 Inc., valued at $3,075,030 using the latest closing price.
Hulls Chris, the Chief Executive Officer of Life360 Inc., sale 8,355 shares at $27.00 during a trade that took place back on Jun 17 ’24, which means that Hulls Chris is holding 1,846 shares at $225,585 based on the most recent closing price.
Stock Fundamentals for LIF
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.74 for the gross margin
The net margin for Life360 Inc. stands at -0.09. The total capital return value is set at -0.06. Equity return is now at value -10.78, with -8.48 for asset returns.
Based on Life360 Inc. (LIF), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 49.62.
Currently, EBITDA for the company is -19.2 million with net debt to EBITDA at 22.28. When we switch over and look at the enterprise to sales, we see a ratio of 8.34. The receivables turnover for the company is 8.09for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.80.
Conclusion
In conclusion, Life360 Inc. (LIF) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
