Last Updated: 17 Oct 2024
Executive Summary
Leafly Holdings Inc. (LFLY) is an online cannabis information resource provider. The company's financial performance has been weak, with negative earnings and EBITDA. Its valuation metrics, such as price-to-sales ratio and price-to-book ratio, are high. The stock price has been volatile, trading within a wide range over the past year.
Company Overview
Leafly Holdings Inc. owns and operates an online cannabis information resource for medical marijuana patients and experienced users. The company provides information on cannabis strains, dispensaries, and doctors. Leafly also offers a marketplace where users can buy and sell cannabis products.
Fundamental Analysis
Leafly Holdings Inc.'s financial performance has been weak. The company has reported negative earnings and EBITDA in recent quarters. Its revenue growth has also been slowing down. The company's gross profit margin is low, and its operating expenses are high.
Leafly Holdings Inc.'s valuation metrics are high. The company's price-to-sales ratio is 0.135, and its price-to-book ratio is 169.09. These ratios are higher than the industry averages.
Technical Analysis
Leafly Holdings Inc.'s stock price has been volatile. The stock has traded within a wide range over the past year, from a high of $8.46 to a low of $1.37. The stock's 50-day moving average is $1.981, and its 200-day moving average is $2.643.
Short Term Outlook
The short-term outlook for Leafly Holdings Inc. is mixed. The company's financial performance has been weak, and its valuation metrics are high. However, the stock's technical indicators suggest that it may be oversold.
Long Term Outlook
The long-term outlook for Leafly Holdings Inc. is uncertain. The company faces competition from larger and more established players in the cannabis industry. The company's financial performance will need to improve in order for it to be successful in the long term.
Analyst Recommendations
The majority of analysts have a "Hold" rating on Leafly Holdings Inc. Two analysts have a "Buy" rating, and no analysts have a "Strong Buy" or "Strong Sell" rating. The average analyst target price is $7.59.
