Locafy Limited (NASDAQ: LCFY)’s Potential for Significant Price Increase in the Near Future

In the latest trading session,, 6.12 million Locafy Limited (NASDAQ:LCFY) shares changed hands as the company’s beta touched 1.81. With the company’s most recent per share price at $5.78 changing hands around $0.49 or 9.26% at last look, the market valuation stands at $7.98M. LCFY’s current price is a discount, trading about -141.87% off its 52-week high of $13.98. The share price had its 52-week low at $2.51, which suggests the last value was 56.57% up since then. When we look at Locafy Limited’s average trading volume, we note the 10-day average is 0.15 million shares, with the 3-month average coming to 1.65 million.

Locafy Limited (NASDAQ:LCFY) trade information

Instantly LCFY is in green as seen in intraday trades today. With action 31.66%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.32%, with the 5-day performance at 31.66% in the green. However, in the 30-day time frame, Locafy Limited (NASDAQ:LCFY) is 118.11% up. Looking at the short shares, we see there were 828.0 shares sold at short interest cover period of 0.09 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.15%.

LCFY Dividends

Locafy Limited is expected to release its next quarterly earnings report in August.

Locafy Limited (NASDAQ:LCFY)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 19.06% of Locafy Limited shares while 1.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.60%.

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