In last trading session, Lifeway Foods, Inc. (NASDAQ:LWAY) saw 0.33 million shares changing hands with its beta currently measuring 0.95. Company’s recent per share price level of $18.62 trading at -$0.38 or -2.00% at ring of the bell on the day assigns it a market valuation of $275.39M. That closing price of LWAY’s stock is at a discount of -53.65% from its 52-week high price of $28.61 and is indicating a premium of 56.07% from its 52-week low price of $8.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.29 million shares which gives us an average trading volume of 194.82K if we extend that period to 3-months.
For Lifeway Foods, Inc. (LWAY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.23 in the current quarter.
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Lifeway Foods, Inc. (NASDAQ:LWAY) trade information
Upright in the red during last session for losing -2.00%, in the last five days LWAY remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $18.62 price level, adding 4.37% to its value on the day. Lifeway Foods, Inc.’s shares saw a change of 38.85% in year-to-date performance and have moved 63.76% in past 5-day. Lifeway Foods, Inc. (NASDAQ:LWAY) showed a performance of 51.88% in past 30-days. Number of shares sold short was 0.39 million shares which calculate 3.26 days to cover the short interests.
Lifeway Foods, Inc. (LWAY) estimates and forecasts
Statistics highlight that Lifeway Foods, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 59.15% of value to its shares in past 6 months, showing an annual growth rate of 32.00% while that of industry is 23.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 18.80% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 48M for the same. And 2 analysts are in estimates of company making revenue of 49.75M in the next quarter. Company posted 40.9M and 42.09M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 30.67% while estimates for its earnings growth in next 5 years are of 10.00%.
Lifeway Foods, Inc. (NASDAQ:LWAY)’s Major holders
Insiders are in possession of 68.76% of company’s total shares while institution are holding 19.79 percent of that, with stock having share float percentage of 63.37%. Investors also watch the number of corporate investors in a company very closely, which is 19.79% institutions for Lifeway Foods, Inc. that are currently holding shares of the company. RENAISSANCE TECHNOLOGIES LLC is the top institutional holder at LWAY for having 0.42 million shares of worth $7.31 million. And as of 2024-03-31, it was holding 2.8908 of the company’s outstanding shares.
The second largest institutional holder is DIMENSIONAL FUND ADVISORS LP, which was holding about 0.32 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.1662 of outstanding shares, having a total worth of $5.48 million.
On the other hand, Vanguard Total Stock Market Index Fund and DFA U.S. Targeted Value Portfolio are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 172.78 shares of worth $3.22 million or 1.17% of the total outstanding shares. The later fund manager was in possession of 143.14 shares on Apr 30, 2024 , making its stake of worth around $2.67 million in the company or a holder of 0.97% of company’s stock.
