Free Trial

LZ Technology (NASDAQ:LZMH) Shares Up 12.7% - Time to Buy?

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology Holdings Limited shares surged 12.7%, closing at $2.93 after trading as high as $3.10 on Thursday.
  • The company operates primarily through its Chinese subsidiaries, having 255 customers in 2023, up from 247 in 2022.
  • The stock's 50-day simple moving average is notably high at $13.16, indicating a significant shift in trading dynamics.
  • Need better tools to track LZ Technology? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s share price shot up 12.7% during mid-day trading on Thursday . The stock traded as high as $3.10 and last traded at $2.93. 494,824 shares changed hands during trading, a decline of 16% from the average session volume of 586,026 shares. The stock had previously closed at $2.60.

LZ Technology Stock Performance

The firm's 50-day moving average is $12.21.

About LZ Technology

(Get Free Report)

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company's products and services.

See Also

Should You Invest $1,000 in LZ Technology Right Now?

Before you consider LZ Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LZ Technology wasn't on the list.

While LZ Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

$15 Billion for Cybersecurity: The Government’s Next Big Push
Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines