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What should you know before buying stock in Leafly Holdings Inc (LFLY)

Leafly Holdings Inc (NASDAQ: LFLY) is -39.50% lower on its value in year-to-date trading and has touched a low of $1.37 and a high of $16.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LFLY stock was last observed hovering at around $2.60 in the last trading session, with the day’s gains setting it 0.31%.

Currently trading at $2.91, the stock is 63.44% and 25.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.61 million and changing 11.92% at the moment leaves the stock -40.30% off its SMA200. LFLY registered -56.07% loss for a year compared to 6-month loss of -41.21%.

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The stock witnessed a 18.78% gain in the last 1 month and extending the period to 3 months gives it a 22.78%, and is 99.32% up 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 43.25% over the week and 19.28% over the month.

Leafly Holdings Inc (LFLY) has around 131 employees, a market worth around $6.90M and $40.05M in sales. Profit margin for the company is -16.20%. Distance from 52-week low is 112.41% and -81.81% from its 52-week high.

with sales reaching $8.6M over the same period.The EPS is expected to grow by 14.24% this year, but quarterly earnings will post -17.20% year-over-year. Quarterly sales are estimated to shrink -19.40% in year-over-year returns.

Leafly Holdings Inc (LFLY) Top Institutional Holders

The shares outstanding are 2.24M, and float is at 1.83M with Short Float at 4.57%.

Leafly Holdings Inc (LFLY) Insider Activity

The most recent transaction is an insider sale by Miyashita Yoko,the company’sCEO. SEC filings show that Miyashita Yoko sold 671 shares of the company’s common stock on Oct 26 ’23 at a price of $6.97 per share for a total of $4680.0. Following the sale, the insider now owns 28680.0 shares.

Leafly Holdings Inc disclosed in a document filed with the SEC on Oct 26 ’23 that Krishnaswamy Suresh (CFO) sold a total of 489 shares of the company’s common stock. The trade occurred on Oct 26 ’23 and was made at $6.97 per share for $3410.0. Following the transaction, the insider now directly holds 19963.0 shares of the LFLY stock.

Still, SEC filings show that on Aug 23 ’23, Miyashita Yoko (Chief Executive Officer) disposed off 9,361 shares at an average price of $0.32 for $2956.0. The insider now directly holds 577,582 shares of Leafly Holdings Inc (LFLY).

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