LifeMD Inc [NASDAQ: LFMD] price plunged by -24.57 percent to reach at -$3.03.
The one-year LFMD stock forecast points to a potential upside of 27.34. The average equity rating for LFMD stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on LifeMD Inc [LFMD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LFMD shares is $12.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LFMD stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for LifeMD Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 30, 2023. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on July 21, 2023, representing the official price target for LifeMD Inc stock. Previously, the target price had yet another raise to $9, while H.C. Wainwright analysts kept a Buy rating on LFMD stock.
The Average True Range (ATR) for LifeMD Inc is set at 0.86, with the Price to Sales ratio for LFMD stock in the period of the last 12 months amounting to 2.33. Price to Free Cash Flow for LFMD in the course of the last twelve months was 23.34 with Quick ratio for the last quarter at 0.94.
LFMD Stock Performance Analysis:
LifeMD Inc [LFMD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.54. With this latest performance, LFMD shares dropped by -5.68% in over the last four-week period, additionally plugging by 29.17% over the last 6 months – not to mention a rise of 450.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LFMD stock in for the last two-week period is set at 37.42, with the RSI for the last a single of trading hit 28.77, and the three-weeks RSI is set at 42.88 for LifeMD Inc [LFMD]. The present Moving Average for the last 50 days of trading for this stock 10.16, while it was recorded at 11.79 for the last single week of trading, and 7.09 for the last 200 days.
Insight into LifeMD Inc Fundamentals:
LifeMD Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 0.99.
LifeMD Inc [LFMD] Institutonal Ownership Details
The top three institutional holders of LFMD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LFMD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LFMD stock with ownership which is approximately 5.8386%.
