Can Buying Lazydays Holdings Inc (NASDAQ: GORV) Still Be Worthwhile?

Lazydays Holdings Inc (NASDAQ:GORV) does about 7.73M shares in volume on a normal day but saw 6405841 shares change hands in the recent trading day. The company now has a market cap of 28.22M USD. Its current market price is $0.26, marking a decrease of -2.96% compared to the previous close of $0.26. The 52 week high reached by this stock is $3.75 whilst the lowest price level in 52 weeks is $0.13.

The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 87.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 30, 2023 when DA Davidson upgraded the stock to “Buy” and issued a price target of between $11 and $14. DA Davidson initiated its price target at $12.

The current price level is 13.14%, 6.06%, and -69.78% away from its SMA20, SMA50, and SMA200 respectively, with the GORV price moving below the 50-day SMA on current market day. Lazydays Holdings Inc (GORV) stock is down -7.25% over the week and 61.01% over the past month. Its price is -73.19% year-to-date and -92.75% over the past year.

To reach the target analysts have set, the stock logically needs to grow 87.0 percent from here.

Outstanding shares total 110.13M with insiders holding 0.48% of the shares and institutional holders owning 96.20% of the company’s common stock. The company has a return on investment of -83.79% and return on equity of -154.00%. The beta has a value of 1.62. Price to book ratio is 0.35 and price to sales ratio is 0.04.

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