Do you still think MSP Recovery Inc (NASDAQ:LIFW) is worth a look?

In yesterday’s Wall Street session, MSP Recovery Inc (NASDAQ:LIFW) shares traded at $6.20, down -35.75% from the previous session.

As of this writing, 1 analysts cover MSP Recovery Inc (NASDAQ:LIFW). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $75.00, we find $75.00. Given the previous closing price of $9.65, this indicates a potential upside of 677.2 percent. LIFW stock price is now 103.36% away from the 50-day moving average and -50.97% away from the 200-day moving average. The market capitalization of the company currently stands at $82.46M.

There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $75.00 as their price target over the next twelve months.

In other news, Ruiz John Hasan, Chief Executive Officer bought 467,290 shares of the company’s stock on Oct 26. The stock was bought for $500,000 at an average price of $1.07. Upon completion of the transaction, the Chief Executive Officer now directly owns 474,190 shares in the company, valued at $2.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 29, Chief Legal Officer Quesada Frank Carlos bought 6,868,132 shares of the business’s stock. A total of $1,500,000 was incurred on buying the stock at an average price of $0.22. This leaves the insider owning 7,007,041 shares of the company worth $43.44 million. Insiders disposed of 7,986 shares of company stock worth roughly $49513.200000000004 over the past 1 year. A total of 65.26% of the company’s stock is owned by insiders.

Tuesday morning saw MSP Recovery Inc (NASDAQ: LIFW) opened at $7.75. During the past 12 months, MSP Recovery Inc has had a low of $1.05 and a high of $43.50. As of last week, the company has a debt-to-equity ratio of 4.58, a current ratio of 0.29, and a quick ratio of 0.29. The fifty day moving average price for LIFW is $3.05 and a two-hundred day moving average price translates $12.65 for the stock.

The latest earnings results from MSP Recovery Inc (NASDAQ: LIFW) was released for Jun, 2023. According to the Health Information Services Company, earnings per share came in at -$0.19, missing analysts’ expectations of $0.54 by -0.73. This compares to -$194.71 EPS in the same period last year. The net profit margin was -116.89% and return on equity was -12.79% for LIFW. The company reported revenue of $2.54 million for the quarter, compared to $5.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -52.29 percent. For the current quarter, analysts expect LIFW to generate $1.63M in revenue.

MSP Recovery Inc(LIFW) Company Profile

MSP Recovery, Inc., doing business as LifeWallet, operates as a healthcare recoveries and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights. It is also developing LifeWallet, a platform for real-time analytics at the point of care which helps in identifying the primary insurer and assisting providers in receiving customary rates for accident-related treatment. MSP Recovery, Inc. is headquartered in Coral Gables, Florida.

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