Analysts Say That LifeMD Inc (NASDAQ:LFMD) Is Likely To Make It To 12 In 12 Months

In last trading session, LifeMD Inc (NASDAQ:LFMD) saw 0.45 million shares changing hands with its beta currently measuring 1.35. Company’s recent per share price level of $6.41 trading at $0.05 or 0.79% at ring of the bell on the day assigns it a market valuation of $277.64M. That closing price of LFMD’s stock is at a discount of -100.94% from its 52-week high price of $12.88 and is indicating a premium of 37.75% from its 52-week low price of $3.99. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.74 million shares which gives us an average trading volume of 557.75K if we extend that period to 3-months.

For LifeMD Inc (LFMD), 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 4 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 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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LifeMD Inc (NASDAQ:LFMD) trade information

Upright in the green during last session for gaining 0.79%, in the last five days LFMD remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $6.41 price level, adding 7.1% to its value on the day. LifeMD Inc’s shares saw a change of -22.68% in year-to-date performance and have moved 12.65% in past 5-day. LifeMD Inc (NASDAQ:LFMD) showed a performance of 54.46% in past 30-days. Number of shares sold short was 5.87 million shares which calculate 8.92 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a rise of 46.58% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would drop -87.21% in reaching the projected high whereas dropping to the targeted low would mean a loss of -87.21% for stock’s current value.

LifeMD Inc (LFMD) estimates and forecasts

Statistics highlight that LifeMD Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -22.30% of value to its shares in past 6 months, showing an annual growth rate of 18.57% while that of industry is 5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.48% during past 5 years.

LifeMD Inc (NASDAQ:LFMD)’s Major holders

Insiders are in possession of 15.57% of company’s total shares while institution are holding 40.50 percent of that, with stock having share float percentage of 47.97%. Investors also watch the number of corporate investors in a company very closely, which is 40.50% institutions for LifeMD Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at LFMD for having 2.34 million shares of worth $16.03 million. And as of 2024-06-30, it was holding 5.9546 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.52 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.8697 of outstanding shares, having a total worth of $10.42 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 918.31 shares of worth $6.05 million or 2.12% of the total outstanding shares. The later fund manager was in possession of 838.53 shares on Jun 30, 2024 , making its stake of worth around $5.53 million in the company or a holder of 1.94% of company’s stock.