Laird Superfood Inc (AMEX: LSF): Can A Stock Be Up 591.21% YTD, And Still Be A Loser

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Laird Superfood Inc (AMEX:LSF)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 2.30. At the close of trading, the stock’s price was $6.29, to imply an increase of 20.73% or $1.08 in intraday trading. The LSF share’s 52-week high remains $6.46, putting it -2.7% down since that peak but still an impressive 88.71% since price per share fell to its 52-week low of $0.71. The company has a valuation of $64.66M, with an average of 0.18 million shares in intraday trading volume over the past 10 days and average of 93.85K shares over the past 3 months.

Laird Superfood Inc (AMEX:LSF) trade information

After registering a 20.73% upside in the last session, Laird Superfood Inc (LSF) has traded red over the past five days. The 5-day price performance for the stock is 27.59%, and 67.73% over 30 days. With these gigs, the year-to-date price performance is 591.21%. Short interest in Laird Superfood Inc (AMEX:LSF) saw shorts transact 0.16 million shares and set a 2.09 days time to cover.

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Laird Superfood Inc (LSF) estimates and forecasts

Looking at statistics comparing Laird Superfood Inc share performance against respective industry, we note that the company has outperformed competitors. Laird Superfood Inc (LSF) shares are 175.88% up over the last 6 months, with its year-to-date growth rate higher than industry average at 85.85% against 9.80%. Revenue is forecast to grow 75.00% this quarter before falling -50.00% for the next one. The rating firms project that company’s revenue will grow 20.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 10.48M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 10.86M.Earnings reports from the last fiscal year show that sales brought in 9.18M and 9.21M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.20% before jumping 17.90% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.81% for the past 5-year period. While 2024 is set for a 82.11% return in earnings, projections for the next 5 years are at 30.00% annually.

LSF Dividends

Laird Superfood Inc has its next earnings report out on 2024-Nov-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Laird Superfood Inc (AMEX:LSF)’s Major holders

Laird Superfood Inc insiders hold 26.30% of total outstanding shares, with institutional holders owning 11.67% of the shares at 15.83% float percentage. In total, 11.67% institutions holds shares in the company, led by RENAISSANCE TECHNOLOGIES LLC. As of 2024-06-30, the company held over 0.33 million shares (or 3.4845% of shares), all amounting to roughly $1.84 million.

The next major institution holding the largest number of shares is EAM INVESTORS, LLC with 0.17 million shares, or about 1.8269% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.97 million.

We also have Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Laird Superfood Inc (LSF) shares. Going by data provided on Jun 30, 2024 , Vanguard Extended Market Index Fund holds roughly 102.55 shares. This is just over 1.00% of the total shares, with a market valuation of $0.65 million. Data from the same date shows that the other fund manager holds a little less at 39.2, or 0.38% of the shares, all valued at about 0.25 million.