Life360 Inc (NASDAQ:LIF) price on current trading day, fall -5.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $41.49.
A look at the stock’s price movement, the level at last check in today’s session was $43.88, moving within a range at $40.65 and $42.2. The beta value (5-Year monthly) was 1.108. Turning to its 52-week performance, $48.90 and $26.00 were the 52-week high and 52-week low respectively. Overall, LIF moved -5.12% over the past month.
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Life360 Inc’s market cap currently stands at around $3.08 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.
Analysts have a consensus estimate of 114.11M for the company’s revenue for the quarter, with a low and high estimate of 108.4M and 115.8M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 370.49M, representing a 21.66% jump on that reported in the last financial year.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend LIF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LIF’s current price about -7.16% and 0.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.95, while 7-day volatility ratio is 4.77% and 3.21% in the 30-day chart. Further, Life360 Inc (LIF) has a beta value of 0, and an average true range (ATR) of 1.85. Analysts have given the company’s stock an average 52-week price target of $38, forecast between a low of $35 and high of $43. Looking at the price targets, the low is 15.64% off recent price level in today’s trading while to achieve the yearly target high, it has to move -3.64%. Nonetheless, investors will most likely welcome a 8.41% jump to $38 which is the analysts’ median price.
If we refocus on Life360 Inc (NASDAQ:LIF), historical trading data shows that trading volumes averaged 0.32 over the past 10 days and 268.07K over the past 3 months. The company’s latest data on shares outstanding shows there are 68.16 million shares.
The 13.80% of Life360 Inc’s shares are in the hands of company insiders while institutional holders own 11.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.55 million on 2024-10-31, giving us a short ratio of 3.61. Current price change has pushed the stock 53.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LIF stock continues to rise going into the next quarter.
