LifeMD Inc. (NASDAQ:LFMD) has a beta value of 0.68 and has seen 0.4 million shares traded in the last trading session. The company, currently valued at $204.51M, closed the last trade at $7.27 per share which meant it lost -$0.43 on the day or -5.58% during that session. The LFMD stock price is -354.2% off its 52-week high price of $33.02 and 30.54% above the 52-week low of $5.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.23 million shares traded. The 3-month trading volume is 496.09K shares.
The consensus among analysts is that LifeMD Inc. (LFMD) is a Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.53.
LifeMD Inc. (NASDAQ:LFMD) trade information
Sporting -5.58% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the LFMD stock price touched $7.27 or saw a rise of 11.02%. Year-to-date, LifeMD Inc. shares have moved 11.33%, while the 5-day performance has seen it change -6.91%. Over the past 30 days, the shares of LifeMD Inc. (NASDAQ:LFMD) have changed -27.45%. Short interest in the company has seen 2.36 million shares shorted with days to cover at 1.17.
Wall Street analysts have a consensus price target for the stock at $30.00, which means that the shares’ value could jump 75.77% from current levels. The projected low price target is $30.00 while the price target rests at a high of $30.00. In that case, then, we find that the current price level is -312.65% off the targeted high while a plunge would see the stock gain -312.65% from current levels.
LifeMD Inc. (LFMD) estimates and forecasts
The company’s shares have lost -52.91% over the past 6 months, compared to 18.10% for the industry. Revenue growth from the last financial year stood is estimated to be 162.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of $21.88 million for the current quarter. 1 have an estimated revenue figure of $26.4 million for the next quarter concluding in Sep 2021.
LifeMD Inc. is expected to release its next earnings report between August 16 and August 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
LifeMD Inc. (NASDAQ:LFMD)’s Major holders
Insiders own 36.81% of the company shares, while shares held by institutions stand at 21.15% with a share float percentage of 33.46%. Investors are also buoyed by the number of investors in a company, with LifeMD Inc. having a total of 54 institutions that hold shares in the company. The top two institutional holders are Millennium Management LLC with over 0.74 million shares worth more than $11.77 million. As of Mar 30, 2021, Millennium Management LLC held 2.80% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 0.71 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $11.19 million and represent 2.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco DWA Healthcare Momentum ETF. As of Mar 30, 2021, the former fund manager holds about 1.65% shares in the company for having 0.44 million shares of worth $6.96 million while later fund manager owns 0.3 million shares of worth $3.89 million as of May 30, 2021, which makes it owner of about 1.14% of company’s outstanding stock.