Leafly Holdings Inc [LFLY] stock is trading at $2.96, down -2.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The LFLY shares have gain 4.59% over the last week, with a monthly amount drifted -4.52%, and not seem to be holding up well over a long-time horizon.
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On 28, March 2024, Leafly Holdings, Inc. Announces Appointment of Two Cannabis Industry Veterans to Its Board. In a post published today on Yahoo Finance, Leafly Holdings, Inc. (“Leafly” or “the Company”) (NASDAQ: LFLY), a leading online cannabis discovery marketplace and resource for cannabis consumers, today announced the appointment of Jeffrey Monat and Andres Nannetti to its Board of Directors, effective March 25, 2024. Both individuals bring decades of operational and financial expertise to the board as the Company looks to build a more durable business and strengthen its financial position.
From an analyst’s perspective:
Leafly Holdings Inc [NASDAQ: LFLY] stock has seen the most recent analyst activity on May 20, 2022, when Cowen initiated its Outperform rating and assigned the stock a price target of $12.
Leafly Holdings Inc [LFLY] stock has fluctuated between $2.06 and $16.00 over the past year. Leafly Holdings Inc [NASDAQ: LFLY] shares were valued at $2.96 at the most recent close of the market.
Analyzing the LFLY fundamentals
Leafly Holdings Inc [NASDAQ:LFLY] reported sales of 44.62M for the trailing twelve months, which represents a drop of -10.17%. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at -0.29%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.36%. To continue investigating profitability, this company’s Return on Assets is posted at -0.7, Equity is 1.52 and Total Capital is -0.78. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.78 points at the first support level, and at 2.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.16, and for the 2nd resistance point, it is at 3.35.
Leafly Holdings Inc [LFLY] reported earnings per share of -$1.1 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.07/share, meaning a difference of -$0.03 and a surprise factor of -2.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.8 per share as compared to estimates of -$1.87 per share, a difference of $1.07 representing a surprise of 57.20%.
Ratios To Look Out For
For context, Leafly Holdings Inc’s Current Ratio is 3.02. On the other hand, the Quick Ratio is 3.02, and the Cash Ratio is 2.16. Considering the valuation of this stock, the price to sales ratio is 0.14.
Transactions by insiders
Recent insider trading involved Miyashita Yoko, CEO, that happened on Oct 26 ’23 when 671.0 shares were sold. CFO, Krishnaswamy Suresh completed a deal on Oct 26 ’23 to sell 489.0 shares. Meanwhile, Chief Executive Officer Miyashita Yoko sold 9361.0 shares on Aug 23 ’23.
