Can Buying LL Flooring Holdings Inc (NYSE: LL) Still Be Worthwhile?

LL Flooring Holdings Inc (NYSE:LL) does about 348.71K shares in volume on a normal day but saw 2131932 shares change hands in Monday trading. The company now has a market cap of 17.48M USD. Its current market price is $0.57, marking an increase of 1.12% compared to the previous close of $0.56. The 52 week high reached by this stock is $4.85 whilst the lowest price level in 52 weeks is $0.53.

LL Flooring Holdings Inc (LL) has a 20-day trading average at $1.3462 and the current price is -88.25% off the 52-week high compared with 7.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5109 and its 200-day simple moving average is $2.4398. If we look at the stock’s price movements over the week, volatility stands at 38.66%, which decreases to 14.42% 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 15.80 to suggest the stock is oversold.

The consensus objective for the share price is $1.00, suggesting that the stock has a potential upside of 43.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 09, 2024 when Loop Capital upgraded the stock to “Hold” and issued a price target of $2. Loop Capital downgraded the stock to “Sell” from Hold on July 13, 2023 at a price target of $3.25.

LL Flooring Holdings Inc (LL) stock is down -60.14% over the week and -65.45% over the past month. Its price is -85.38% year-to-date and -83.94% 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 -1.28 below consensus estimates by -0.87. The company’s next earnings report forecasts estimating quarterly EPS at -0.54 and -2.62 for whole year. Expected sales for next quarter are $193.6M, which analysts say will come at $776.1M for the current fiscal year and next year at $783M. In addition, estimates put the company’s current quarterly revenue at an average of $200.3M.

To reach the target analysts have set, the stock logically needs to grow 43.0 percent from here.

The company has a return on investment of -35.83% and return on equity of -64.86%. The beta has a value of 1.70. Price to book ratio is 0.13 and price to sales ratio is 0.02.