LifeStance Health Group Inc (NASDAQ:LFST) price on current trading day, rose 0.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.54.
A look at the stock’s price movement, the level at last check in today’s session was $7.51. Turning to its 52-week performance, $9.20 and $4.64 were the 52-week high and 52-week low respectively. Overall, LFST moved -7.76% over the past month.
LifeStance Health Group Inc’s market cap currently stands at around $2.88 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 337.47M for the company’s revenue for the quarter, with a low and high estimate of 331.69M and 343.73M respectively. The average forecast suggests up to a 12.33% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.38B, representing a 10.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LFST is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
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 LFST 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.
LFST’s current price about -4.47% and -2.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.21, while 7-day volatility ratio is 3.55% and 2.88% in the 30-day chart. Further, LifeStance Health Group Inc (LFST) has a beta value of 1.28, and an average true range (ATR) of 0.29.
If we refocus on LifeStance Health Group Inc (NASDAQ:LFST), historical trading data shows that trading volumes averaged 1.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 382.64 million shares.
The 70.30% of LifeStance Health Group Inc’s shares are in the hands of company insiders while institutional holders own 35.25% of the company’s shares. Current price change has pushed the stock 2.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LFST stock continues to rise going into the next quarter.
