MSP Recovery Inc. (NASDAQ: LIFW) stock jumped 237.52% on Friday to $0.19 against a previous-day closing price of $0.06. With 688.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.22 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $0.2433 whereas the lowest price it dropped to was $0.0840. The 52-week range on LIFW shows that it touched its highest point at $1.74 and its lowest point at $0.04 during that stretch. Beta for the stock currently stands at -1.20.
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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 LIFW was up-trending over the past week, with a rise of 165.91%, but this was up by 43.07% over a month. Three-month performance dropped to -60.83% while six-month performance fell -80.34%. The stock lost -86.57% in the past year, while it has lost -88.25% so far this year.
Float and Shares Shorts:
At present, 123.56 million LIFW shares are outstanding with a float of 68.14 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.6 million, which was 0.48% higher than short shares on Jul 30, 2023. In addition to Mr. John H. Ruiz as the firm’s CEO, Pres & Director, Mr. Ricardo Rivera serves as its COO & Interim CFO.
Institutional Ownership:
Through their ownership of 3.45% of LIFW’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.23% of LIFW, in contrast to 1.53% held by mutual funds. Shares owned by individuals account for 1.32%. As the largest shareholder in LIFW with 1.41% of the stake, The Vanguard Group, Inc. holds 4,678,892 shares worth 4,678,892. A second-largest stockholder of LIFW, Cantor Fitzgerald & Co., holds 972,834 shares, controlling over 0.29% of the firm’s shares. Barnes-Pettey Financial Advisors is the third largest shareholder in LIFW, holding 895,176 shares or 0.27% stake. With a 0.56% stake in LIFW, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,855,915 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 0.49% of LIFW stock, is the second-largest Mutual Fund holder. It holds 1,629,029 shares valued at 0.12 million. Vanguard Small Cap Value Index Fu holds 0.34% of the stake in LIFW, owning 1,112,517 shares worth 78989.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, LIFW reported revenue of $5.29M and operating income of -$52.16M. The EBITDA in the recently reported quarter was -$28.23M and diluted EPS was -$0.14.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LIFW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LIFW analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, LIFW could surge 1478.95% to reach the target high and rise by 1478.95% to reach the target low. Reaching the average price target will result in a growth of 1478.95% 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.
Summary of Insider Activity:
Insiders traded LIFW 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 increased to 2 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 31,955 while 7,986 shares were sold.
