Leafly Holdings Inc. (NASDAQ: LFLY) stock fell -9.24% on Friday to $2.80 against a previous-day closing price of $3.09. With 1.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. During the session, the Pharmaceutical Retailers company that operates in wider Healthcare sector, reached to the highest price of $3.3400 whereas the lowest price it dropped to was $2.7358. The 52-week range on LFLY shows that it touched its highest point at $11.58 and its lowest point at $3.06 during that stretch. It currently has a 1-year price target of $12.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LFLY was down-trending over the past week, with a drop of -51.64%, but this was down by -41.54% over a month. Three-month performance dropped to -70.09% while six-month performance fell -57.12%. The stock lost -71.92% in the past year, while it has lost -71.97% so far this year. A look at the trailing 12-month EPS for LFLY yields -0.85 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.12. This implies an EPS growth rate of -210.10% for this year and 43.00% for next year.
Float and Shares Shorts:
At present, 37.52 million LFLY shares are outstanding with a float of 25.83 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.6 million, which was 3.71% higher than short shares on Jun 14, 2022. In addition to Ms. Yoko Miyashita as the firm’s Pres, CEO & Director, Mr. Suresh Krishnaswamy serves as its Chief Financial Officer.
Through their ownership of 20.00% of LFLY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.83% of LFLY, in contrast to 18.51% held by mutual funds. Shares owned by individuals account for 12.22%. As the largest shareholder in LFLY with 5.58% of the stake, Tenor Capital Management Co. LP holds 2,400,000 shares worth 2,400,000. A second-largest stockholder of LFLY, Meteora Capital LLC, holds 1,283,700 shares, controlling over 2.99% of the firm’s shares. Linden Advisors LP is the third largest shareholder in LFLY, holding 835,140 shares or 1.94% stake. With a 1.48% stake in LFLY, the ETFMG Alternative Harvest ETF is the largest stakeholder. A total of 638,119 shares are owned by the mutual fund manager. The Horizons Marijuana Life Sciences, which owns about 0.86% of LFLY stock, is the second-largest Mutual Fund holder. It holds 370,565 shares valued at 1.67 million. Vanguard Extended Market Index Fu holds 0.77% of the stake in LFLY, owning 331,500 shares worth 1.49 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LFLY since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LFLY analysts setting a high price target of $12.00 and a low target of $12.00, the average target price over the next 12 months is $12.00. Based on these targets, LFLY could surge 328.57% to reach the target high and rise by 328.57% to reach the target low. Reaching the average price target will result in a growth of 328.57% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LFLY will report FY 2022 earnings on 03/28/2023. Analysts have provided yearly estimates in a range of -$0.64 being high and -$1.41 being low. For LFLY, this leads to a yearly average estimate of -$1.02. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Leafly Holdings Inc. reported -$0.52 EPS. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.12.
Summary of Insider Activity:
Insiders traded LFLY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 0 while 157,572 shares were sold.