LifeMD Inc (NASDAQ:LFMD) price closed higher on Friday, May 16, and jumping 10.86% above its previous close.
A look at the daily price movement shows that the last close reads $9.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.02 and 52-week low of $3.99. The stock added 113.12% on its value in the past month.
LifeMD Inc, which has a market valuation of $487.20 million, is expected to release its quarterly earnings report in June.
On average, analysts have forecast the company’s revenue for the quarter will hit 66.17M, with the likely lows of 65.09M and highs of 67.71M. The average estimate suggests sales growth for the quarter will likely rise by 30.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 270.14M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 27.15% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give LFMD a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned LFMD a recommendation rating as follows: 0 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the LifeMD Inc (LFMD) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that LFMD’s price is at present 40.56% off the SMA20 and 70.39% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 82.09, with weekly volatility standing at 10.27%. The indicator jumps to 8.86% when calculated based on the past 30 days. LifeMD Inc (NASDAQ:LFMD)’s beta value is holding at 2.29, while the average true range (ATR) indicator is currently reading 0.71. Considering analysts have assigned the stock a price target range of $7-$14 as the low and high respectively, we find the trailing 12-month average consensus price target to be $12. Based on this estimate, we see that current price is roughly 34.7% off the estimated low and -30.6% off the forecast high. Investors will no doubt be excited to see the share price fall to $12, which is the median consensus price, and at that level LFMD would be -11.94% from current price.
An analysis of the LifeMD Inc (NASDAQ:LFMD) stock in terms of its daily trading volume indicates that the 3-month average is 1.78 million.
Current records show that the company has 43.53M in outstanding shares. The insiders’ percentage holdings are 20.51% of outstanding shares while the percentage share held by institutions stands at 36.38%. But the 116.57% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
