Leafly (OTC:LFLY) Stock Price Up 8.1% - Still a Buy?

Key Points

• Leafly Holdings, Inc. (OTC:LFLY) saw its stock price increase by 8.1% to $40.00, despite a significant drop in trading volume of 99% compared to its daily average.
• The company has a market cap of $125.48 million and a P/E ratio of -17.24, indicating potential challenges in profitability.
• Leafly operates a platform that connects consumers to cannabis brands and retailers, offering various services including subscription-based listings and digital advertising solutions.

Leafly Holdings, Inc. (OTC:LFLY - )'s stock price rose 8.1% on Monday . The stock traded as high as $40.00 and last traded at $40.00. Approximately 153 shares traded hands during trading, a decline of 99% from the average daily volume of 22,343 shares. The stock had previously closed at $37.00.

Leafly Stock Performance

The firm has a 50 day moving average of $96.75 and a two-hundred day moving average of $103.93. The stock has a market cap of $125.48 million, a P/E ratio of -17.24 and a beta of 1.12.

About Leafly

Leafly Holdings, Inc owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.