The stock of Life360 Inc (NASDAQ: LIF) has decreased by -5.58 when compared to last closing price of 43.88. Despite this, the company has experienced a -12.72% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-12 that Life360, Inc. today reported unaudited financial results for the quarter ended September 30, 2024. The company again achieved record quarterly results.
Is It Worth Investing in Life360 Inc (NASDAQ: LIF) Right Now?
Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for LIF is 63.90M, and currently, short sellers hold a 0.86% ratio of that float. The average trading volume of LIF on November 15, 2024 was 268.07K shares.
LIF’s Market Performance
The stock of Life360 Inc (LIF) has seen a -12.72% decrease in the past week, with a -5.25% drop in the past month, and a 11.02% gain in the past quarter. The volatility ratio for the week is 4.77%, and the volatility levels for the past 30 days are at 3.21% for LIF. The simple moving average for the past 20 days is -7.28% for LIF’s stock, with a 12.39% 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 0.50% 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 -15.27% of loss for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 4.77%, as shares sank -7.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.25% upper at present.
During the last 5 trading sessions, LIF fell by -13.69%, in comparison to the 20-day moving average, which settled at $44.66. In addition, Life360 Inc saw 53.46% 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 Christopher Robin Hulls, who proposed sale 772,545 shares at the price of $43.88 back on Nov 15 ’24. After this action, Christopher Robin Hulls now owns shares of Life360 Inc, valued at $33,899,275 using the latest closing price.
Hulls Chris, the Chief Executive Officer of Life360 Inc, sale 556,569 shares at $41.02 during a trade that took place back on Nov 15 ’24, which means that Hulls Chris is holding 952,696 shares at $22,830,460 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 -5.59, with -4.36 for asset returns.
Currently, EBITDA for the company is -20.0 million with net debt to EBITDA at 16.33. When we switch over and look at the enterprise to sales, we see a ratio of 8.84. 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 2.75.
Conclusion
To put it simply, Life360 Inc (LIF) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.