MSP Recovery Inc (NASDAQ:LIFW) shares, rose in value on Friday, April 05, with the stock price up by 5.93% to the previous day’s close as strong demand from buyers drove the stock to $1.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.15. The value of beta (5-year monthly) is -2.02. Referring to stock’s 52-week performance, its high was $25.75, and the low was $0.65. On the whole, LIFW has fluctuated by 19.43% over the past month.
Analysts have estimated the company’s revenue for the quarter at $1.63 million, with a low estimate of $303.98 million and a high estimate of $303.98 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LIFW’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LIFW currently trading nearly 46.26% and 35.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.72, while the 7-day volatility ratio is showing 27.77% which for the 30-day chart, stands at 13.21%. Furthermore, MSP Recovery Inc (LIFW)’s beta value is -2.22, and its average true range (ATR) is 0.14.
A comparison of MSP Recovery Inc (LIFW) with its peers suggests the former has fared considerably weaker in the market. LIFW showed an intraday change of 5.93% in today’s session so far, and over the past year, it shrunk by -93.50%%.
Data on historical trading for MSP Recovery Inc (NASDAQ:LIFW) indicates that the trading volumes over the past 10 days have averaged 5.71 million and over the past 3 months, they’ve averaged 1.77 million. According to company’s latest data on outstanding shares, there are 14.80 million shares outstanding.
Nearly 27.12% of MSP Recovery Inc’s shares belong to company insiders and institutional investors own 4.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.35 million shares as on Mar 15, 2024, resulting in a short ratio of 1.89. According to the data, the short interest in MSP Recovery Inc (LIFW) stood at 2.39% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.66 million. The stock has fallen by -46.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LIFW stock heading into the next quarter.
