LifeStance Health Group Inc (NASDAQ:LFST) does about 1.59M shares in volume on a normal day but saw 1758542 shares change hands in the recent trading day. The company now has a market cap of 2.48B USD. Its current market price is $6.49, marking an increase of 2.85% compared to the previous close of $6.31. The 52 week high reached by this stock is $9.20 whilst the lowest price level in 52 weeks is $4.64.
LifeStance Health Group Inc (LFST) has a 20-day trading average at $5.98 and the current price is -29.46% off the 52-week high compared with 39.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.60 and its 200-day simple moving average is $6.30. If we look at the stock’s price movements over the week, volatility stands at 3.57%, which increases to 4.69% 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 66.17 to suggest the stock is neutral.
The consensus objective for the share price is $7.79, suggesting that the stock has a potential upside of 16.69% over the period.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 03, 2024 when Barclays initiated the stock to “Underweight” and issued a price target of $7. TD Cowen downgraded the stock to “Market Perform” from Outperform on May 15, 2023 at a price target of $8-$9. Morgan Stanley upgraded its price target at $8.
The current price level is 10.32%, 16.93%, and 3.13% away from its SMA20, SMA50, and SMA200 respectively, with the LFST price moving below the 50-day SMA on current market day. LifeStance Health Group Inc (LFST) stock is up 0.46% over the week and 15.69% over the past month. Its price is -17.11% year-to-date and -20.95% over the past year.
To reach the target analysts have set, the stock logically needs to grow 16.69 percent from here.
Outstanding shares total 378.73M with insiders holding 11.04% of the shares and institutional holders owning 91.36% of the company’s common stock. The company has a return on investment of -8.05% and return on equity of -10.32%. The beta has a value of 1.20. Price to book ratio is 1.74 and price to sales ratio is 2.15.
