Leafly Holdings Inc (NASDAQ: LFLY) Stock Increased 73.33% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Leafly Holdings Inc (NASDAQ:LFLY) does about 156.17K shares in volume on a normal day but saw 36752240 shares change hands in Friday’s trading. The company now has a market cap of 6.16M USD. Its current market price is $2.60, marking an increase of 28.71% compared to the previous close of $2.02. The 52 week high reached by this stock is $16.00 whilst the lowest price level in 52 weeks is $1.37.

Leafly Holdings Inc (LFLY) has a 20-day trading average at $1.78 and the current price is -83.75% off the 52-week high compared with 89.78% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.32 and its 200-day simple moving average is $4.87. If we look at the stock’s price movements over the week, volatility stands at 39.39%, which decreases to 18.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.14 to suggest the stock is neutral.

The consensus objective for the share price is $7.59, suggesting that the stock has a potential upside of 65.74% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 20, 2022 when Cowen initiated the stock to “Outperform” and issued a price target of $12.

Leafly Holdings Inc (LFLY) stock is up 73.33% over the week and 1.17% over the past month. Its price is -45.95% year-to-date and -67.46% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.8 above consensus estimates by 1.07. The company’s next earnings report forecasts estimating quarterly EPS at -1.11 and -4.06 for whole year. Expected sales for next quarter are $8.56M, which analysts say will come at $34.99M for the current fiscal year and next year at $36.17M. In addition, estimates put the company’s current quarterly revenue at an average of $8.6M.

To reach the target analysts have set, the stock logically needs to grow 65.74 percent from here.

The beta has a value of 0.90. Price to sales ratio is 0.15.