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After finishing at $6.74 in the prior trading day, LegalZoom.com Inc. (NASDAQ: LZ) closed at $6.46, down -4.15%. In other words, the price has decreased by -$4.15 from its previous closing price. On the day, 1.34 million shares were traded. LZ stock price reached its highest trading level at $6.71 during the session, while it also had its lowest trading level at $6.45.
Ratios:
Our goal is to gain a better understanding of LZ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.99. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.10.
On July 10, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $14 to $9.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 13 ’24 when Wernikoff Daniel A bought 226,190 shares for $5.77 per share.
Miller Nicole sold 13,727 shares of LZ for $125,877 on May 17 ’24. The CHIEF LEGAL OFFICER now owns 338,956 shares after completing the transaction at $9.17 per share. On May 16 ’24, another insider, Watson Noel Bertram, who serves as the Chief Financial Officer of the company, sold 25,000 shares for $9.44 each. As a result, the insider received 236,000 and left with 748,912 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LZ now has a Market Capitalization of 1183627008 and an Enterprise Value of 1023543168. As of this moment, LegalZoom.com’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.81, and their Forward P/E ratio for the next fiscal year is 11.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67 while its Price-to-Book (P/B) ratio in mrq is 18.72. Its current Enterprise Value per Revenue stands at 1.511 whereas that against EBITDA is 25.831.
Stock Price History:
Over the past 52 weeks, LZ has reached a high of $13.74, while it has fallen to a 52-week low of $5.33. The 50-Day Moving Average of the stock is -4.39%, while the 200-Day Moving Average is calculated to be -35.45%.
Shares Statistics:
The stock has traded on average 2.09M shares per day over the past 3-months and 1308120 shares per day over the last 10 days, according to various share statistics. A total of 188.54M shares are outstanding, with a floating share count of 117.14M. Insiders hold about 33.29% of the company’s shares, while institutions hold 56.46% stake in the company. Shares short for LZ as of 1723680000 were 4285932 with a Short Ratio of 2.05, compared to 1721001600 on 4293691. Therefore, it implies a Short% of Shares Outstanding of 4285932 and a Short% of Float of 3.37.
