LifeMD Inc (NASDAQ: LFMD) is 16.65% higher on its value in year-to-date trading and has touched a low of $1.40 and a high of $12.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LFMD stock was last observed hovering at around $10.13 in the last trading session, with the day’s loss setting it -0.46%.
Currently trading at $9.67, the stock is -1.69% and 22.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing -4.54% at the moment leaves the stock 55.30% off its SMA200. LFMD registered 468.82% gain for a year compared to 6-month gain of 62.25%. The firm has a 50-day simple moving average (SMA 50) of $2.38 and a 200-day simple moving average (SMA200) of -$46.06.
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The stock witnessed a 27.91% loss in the last 1 month and extending the period to 3 months gives it a 24.45%, and is -5.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.20% over the week and 7.71% over the month.
LifeMD Inc (LFMD) has around 232 employees, a market worth around $390.38M and $152.55M in sales. Profit margin for the company is -15.54%. Distance from 52-week low is 590.71% and -19.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-110.21%).
LifeMD Inc quarterly earnings per share for the current quarter are estimated at -$0.15 with sales reaching $42.48M over the same period.The EPS is expected to grow by 59.14% this year, but quarterly earnings will post 32.20% year-over-year. Quarterly sales are estimated to grow 37.90% in year-over-year returns.
100 institutions hold shares in LifeMD Inc (LFMD), with institutional investors hold 38.76% of the company’s shares. The shares outstanding are 38.26M, and float is at 30.93M with Short Float at 6.24%. Institutions hold 31.09% of the Float.
The top institutional shareholder in the company is Royce & Associates LP with over 1.02 million shares valued at $4.44 million. The investor’s holdings represent 2.83% of the LFMD Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 0.73 million shares valued at $3.18 million to account for 2.03% of the shares outstanding. The other top investors are EAM Investors, LLC which holds 0.48 million shares representing 1.32% and valued at over $2.07 million, while B. Riley Financial, Inc. holds 1.29% of the shares totaling 0.46 million with a market value of $2.02 million.
LifeMD Inc (LFMD) Insider Activity
The most recent transaction is an insider purchase by Velge Bertrand, the company’s Director. SEC filings show that Velge Bertrand bought 60,000 shares of the company’s common stock on Aug 31 ’23 at a price of $3.93 per share for a total of $0.24 million. Following the purchase, the insider now owns 0.35 million shares.
LifeMD Inc disclosed in a document filed with the SEC on Aug 30 ’23 that Velge Bertrand (Director) bought a total of 40,000 shares of the company’s common stock. The trade occurred on Aug 30 ’23 and was made at $3.76 per share for $0.15 million. Following the transaction, the insider now directly holds 0.29 million shares of the LFMD stock.
Still, SEC filings show that on Aug 29 ’23, Velge Bertrand (Director) acquired 32,072 shares at an average price of $3.58 for $0.11 million. The insider now directly holds 249,482 shares of LifeMD Inc (LFMD).
