LifeStance Health Group Inc (NASDAQ:LFST) does about 1.55M shares in volume on a normal day but saw 1549212 shares change hands in the recent trading day. The company now has a market cap of 2.77B USD. Its current market price is $7.24, marking an increase of 3.28% compared to the previous close of $7.01. 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 $7.07 and the current price is -21.30% off the 52-week high compared with 56.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.99 and its 200-day simple moving average is $6.33. If we look at the stock’s price movements over the week, volatility stands at 4.19%, which increases to 4.42% 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 54.49 to suggest the stock is neutral.
The consensus objective for the share price is $8.10, suggesting that the stock has a potential upside of 10.62% 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 2.48%, 3.54%, and 14.41% away from its SMA20, SMA50, and SMA200 respectively, with the LFST price moving above the 50-day SMA on current market day. LifeStance Health Group Inc (LFST) stock is down -2.16% over the week and 2.84% over the past month. Its price is -7.54% year-to-date and 17.34% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.02 below consensus estimates by -0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.0 and 0.03 for whole year. Expected sales for next quarter are $336.26M, which analysts say will come at $1.23B for the current fiscal year and next year at $1.39B. In addition, estimates put the company’s current quarterly revenue at an average of $312.3M.
To reach the target analysts have set, the stock logically needs to grow 10.62 percent from here.
Outstanding shares total 378.73M with insiders holding 11.11% of the shares and institutional holders owning 91.66% of the company’s common stock. The company has a return on investment of -5.08% and return on equity of -6.59%. The beta has a value of 1.24. Price to book ratio is 1.93 and price to sales ratio is 2.30.
