Do You Still Have A Reason To Buy Leafly Holdings Inc. (NASDAQ: LFLY) After A -35.36% Drop In The Last Week? – Marketing Sentinel
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Do You Still Have A Reason To Buy Leafly Holdings Inc. (NASDAQ: LFLY) After A -35.36% Drop In The Last Week?

During the last session, Leafly Holdings Inc. (NASDAQ:LFLY)’s traded shares were 1.23 million. At the end of the trading day, the stock’s price was $3.40, reflecting an intraday loss of -33.33% or -$1.7. The 52-week high for the LFLY share is $11.58, that puts it down -240.59 from that peak though still a striking -17.65% loss since the share price plummeted to a 52-week low of $4.00. The company’s market capitalization is $146.17M, and the average intraday trading volume over the past 10 days was 0.93 million shares, and the average trade volume was 265.69K shares over the past three months.

Leafly Holdings Inc. (LFLY) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. LFLY has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.

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Leafly Holdings Inc. (NASDAQ:LFLY) trade information

Leafly Holdings Inc. (LFLY) registered a -33.33% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -33.33% in intraday trading to $3.40 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -35.36%, and it has moved by -22.37% in 30 days. Based on these gigs, the overall price performance for the year is -65.90%. The short interest in Leafly Holdings Inc. (NASDAQ:LFLY) is 1.6 million shares and it means that shorts have 12.81 day(s) to cover.

The consensus price target of analysts on Wall Street is $12.00, which implies an increase of 71.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.00 and $12.00 respectively. As a result, LFLY is trading at a discount of -252.94% off the target high and -252.94% off the low.

Leafly Holdings Inc. (LFLY) estimates and forecasts

Statistics show that Leafly Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Leafly Holdings Inc. (LFLY) shares have gone down -49.33% during the last six months, with a year-to-date growth rate less than the industry average at -368.75% against 5.30. In the rating firms’ projections, revenue will increase 24.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $12.57 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $13.93 million by the end of Sep 2022.

While earnings are projected to return -210.10% in 2022.

LFLY Dividends

Leafly Holdings Inc. is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Leafly Holdings Inc. (NASDAQ:LFLY)’s Major holders

Leafly Holdings Inc. insiders own 30.57% of total outstanding shares while institutional holders control 20.00%, with the float percentage being 28.80%. Tenor Capital Management Co., L.p. is the largest shareholder of the company, while 43 institutions own stock in it. As of Mar 30, 2022, the company held over 2.4 million shares (or 5.58% of all shares), a total value of $19.87 million in shares.

The next largest institutional holding, with 1.28 million shares, is of Meteora Capital, LLC’s that is approximately 2.99% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $10.63 million.

Also, the Mutual Funds coming in first place with the largest holdings of Leafly Holdings Inc. (LFLY) shares are Vanguard Extended Market Index Fund and Spinnaker ETF Tr-Cannabis ETF. Data provided on Mar 30, 2022 indicates that Vanguard Extended Market Index Fund owns about 0.31 million shares. This amounts to just over 0.71 percent of the company’s overall shares, with a $2.54 million market value. The same data shows that the other fund manager holds slightly less at 0.21 million, or about 0.50% of the stock, which is worth about $2.27 million.

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