Is Leafly Holdings Inc (NASDAQ: LFLY) Proving The Doubters Wrong?

Leafly Holdings Inc (LFLY) concluded trading on Thursday at a closing price of $1.79, with 3.84 million shares of worth about $6.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.97% during that period and on September 19, 2024 the price saw a gain of about 0.56%. Currently the company’s common shares owned by public are about 2.24M shares, out of which, 2.23M shares are available for trading.

Stock saw a price change of -1.10% in past 5 days and over the past one month there was a price change of -7.70%. Year-to-date (YTD), LFLY shares are showing a performance of -62.79% which decreased to -82.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.37 but also hit the highest price of $11.72 during that period. The average intraday trading volume for Leafly Holdings Inc shares is 19.48K. The stock is currently trading -4.68% below its 20-day simple moving average (SMA20), while that difference is down -11.97% for SMA50 and it goes to -39.37% lower than SMA200.

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Leafly Holdings Inc (NASDAQ: LFLY) currently have 2.24M outstanding shares and institutions hold larger chunk of about 5.77% of that.

The stock has a current market capitalization of $4.60M and its 3Y-monthly beta is at 0.93. It has posted earnings per share of -$2.95 in the same period. It has Quick Ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LFLY, volatility over the week remained 2.68% while standing at 4.30% over the month.

Stock’s fiscal year EPS is expected to rise by 34.39% while it is estimated to decrease by -3.38% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cowen on May 20, 2022 offering an Outperform rating for the stock and assigned a target price of $12 to it.

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