In today’s recent session, 0.42 million shares of the LifeMD Inc (NASDAQ:LFMD) have been traded, and its beta is 1.47. Most recently the company’s share price was $7.03, and it changed around $0.5 or 7.66% from the last close, which brings the market valuation of the company to $304.49M. LFMD at last check was trading at a discount to its 52-week high of $12.88, offering almost -83.21% off that amount. The share price’s 52-week low was $3.99, which indicates that the recent value has risen by an impressive 43.24% since then. We note from LifeMD Inc’s average daily trading volume that its 10-day average is 0.83 million shares, with the 3-month average coming to 709.96K.
LifeMD Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.22. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended LFMD as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. LifeMD Inc is expected to report earnings per share of 0.14 for the current quarter.
LifeMD Inc (NASDAQ:LFMD) trade information
Instantly LFMD has been showing a green trend so far today with a performance of 7.66% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.98 on recent trading daydecreased the stock’s daily price by -0.72%. The company’s shares are currently up 42.02% year-to-date, but still up 23.12% over the last five days. On the other hand, LifeMD Inc (NASDAQ:LFMD) is 37.84% up in the 30-day period. We can see from the shorts that 4.56 million shares have been sold at a short interest cover period of 6.98 day(s).
The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 41.42% from its current value. Analyst projections state that LFMD is forecast to be at a low of $7 and a high of $12.
LifeMD Inc (LFMD) estimates and forecasts
The year-over-year growth rate is expected to be 34.81%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 57.43M in revenue for the current quarter. 8 analysts expect LifeMD Inc to make 59.43M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 44.86M and 44.14M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 28.03%. Forecasts for the next quarter put sales growth at 34.63%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.48%.
LFMD Dividends
LifeMD Inc’s next quarterly earnings report is expected to be released in March.
LifeMD Inc (NASDAQ:LFMD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.70% of LifeMD Inc shares, and 40.63% of them are in the hands of institutional investors. The stock currently has a share float of 48.20%. LifeMD Inc stock is held by 138.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.9546% of the shares, which is about 2.34 million shares worth $16.03 million.
VANGUARD GROUP INC, with 3.8697% or 1.52 million shares worth $10.42 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 957.78 shares worth $6.61 million, making up 2.21% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 932.53 shares worth around $6.43 million, which represents about 2.15% of the total shares outstanding.
