LifeMD Inc (NASDAQ:LFMD) shares, rose in value on Thursday, February 13, with the stock price up by 5.98% to the previous day’s close as strong demand from buyers drove the stock to $7.27.
Actively observing the price movement in the last trading, the stock closed the session at $6.86. 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 53.70% over the past month.
With the market capitalization of LifeMD Inc currently standing at about $314.88 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of LFMD currently trading nearly 24.60% and 30.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.03, while the 7-day volatility ratio is showing 9.24% which for the 30-day chart, stands at 7.54%. Furthermore, LifeMD Inc (LFMD)’s beta value is 1.47, and its average true range (ATR) is 0.47.
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 5.98% in last session, and over the past year, it grew by 18.79%%.
Data on historical trading for LifeMD Inc (NASDAQ:LFMD) indicates that the trading volumes over the past 3 months, they’ve averaged 682.27K. According to company’s latest data on outstanding shares, there are 41.81 million shares outstanding.
Nearly 21.88% of LifeMD Inc’s shares belong to company insiders and institutional investors own 40.33% of the company’s shares. The stock has risen by 46.87% 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.
