LegalZoom.com Inc. (NASDAQ:LZ) price on Thursday, May 09, rose 2.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.48.
A look at the stock’s price movement, the level at last check in today’s session was $9.28. The PE ratio in trailing twelve months stood at 87.65. Turning to its 52-week performance, $15.68 and $7.88 were the 52-week high and 52-week low respectively. Overall, LZ moved -24.92% over the past month.
LegalZoom.com Inc.’s market cap currently stands at around $1.79 billion.
Analysts have a consensus estimate of 174.43M for the company’s revenue for the quarter, with a low and high estimate of 172M and 175.68M respectively. The average forecast suggests up to a 4.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 710.99M, representing a 7.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LZ is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 2.10, with LZ’s current price about -21.35% and -25.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 23.80, while 7-day volatility ratio is 5.26% and 3.60% in the 30-day chart. Further, LegalZoom.com Inc. (LZ) has a beta value of 1.19, and an average true range (ATR) of 0.56.
If we refocus on LegalZoom.com Inc. (NASDAQ:LZ), historical trading data shows that trading volumes averaged 1.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 188.54 million shares.
The 34.85% of LegalZoom.com Inc.’s shares are in the hands of company insiders while institutional holders own 57.40% of the company’s shares. Current price change has pushed the stock -16.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LZ stock continues to rise going into the next quarter.
