LifeMD Inc (NASDAQ:LFMD) shares, rose in value on Friday, November 01, with the stock price up by 5.88% to the previous day’s close as strong demand from buyers drove the stock to $4.32.
Actively observing the price movement in the last trading, the stock closed the session at $4.08, falling within a range of $4.09 and $4.38. The value of beta (5-year monthly) was 1.186. Referring to stock’s 52-week performance, its high was $12.88, and the low was $3.99. On the whole, LFMD has fluctuated by -7.69% over the past month.
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With the market capitalization of LifeMD Inc currently standing at about $186.06 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 206M, with a low estimate of 52.5M and a high estimate of 55M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 53.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LFMD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of LFMD currently trading nearly -2.97% and -11.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.15, while the 7-day volatility ratio is showing 5.47% which for the 30-day chart, stands at 6.08%. Furthermore, LifeMD Inc (LFMD)’s beta value is 1.23, and its average true range (ATR) is 0.28.
A comparison of LifeMD Inc (LFMD) with its peers suggests the former has fared considerably weaker in the market. LFMD showed an intraday change of 5.88% in last session, and over the past year, it shrunk by -32.29%%.
Data on historical trading for LifeMD Inc (NASDAQ:LFMD) indicates that the trading volumes over the past 10 days have averaged 0.39 and over the past 3 months, they’ve averaged 483.24K. According to company’s latest data on outstanding shares, there are 38.26 million shares outstanding.
Nearly 20.85% of LifeMD Inc’s shares belong to company insiders and institutional investors own 37.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.57 million shares as on 2024-10-15, resulting in a short ratio of 10.81. According to the data, the short interest in LifeMD Inc (LFMD) stood at 1512.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.7 million. The stock has fallen by -47.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LFMD stock heading into the next quarter.
