Let’s look at the key reasons that are pushing LegalZoom.com Inc. (LZ) to new highs

On Tuesday, LegalZoom.com Inc. (NASDAQ: LZ) was 1.13% up from the session before settling in for the closing price of $7.11. A 52-week range for LZ has been $5.33 – $13.74.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 12.95%. When this article was written, the company’s average yearly earnings per share was at 21.32%. With a float of $112.88 million, this company’s outstanding shares have now reached $188.54 million.

Considering the fact that the conglomerate employs 1190 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 62.45%, operating margin of 4.07%, and the pretax margin is 4.99%.

LegalZoom.com Inc. (LZ) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward LegalZoom.com Inc. stocks. The insider ownership of LegalZoom.com Inc. is 35.72%, while institutional ownership is 57.25%. The most recent insider transaction that took place on Aug 13 ’24, was worth 1,306,051. Before that another transaction happened on May 17 ’24, when Company’s CHIEF LEGAL OFFICER sold 13,727 for $9.17, making the entire transaction worth $125,877. This insider now owns 338,956 shares in total.

LegalZoom.com Inc. (LZ) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.12 earnings per share (EPS) during the time that was better than consensus figure (set at 0.09) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 21.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.86% during the next five years compared to 26.77% growth over the previous five years of trading.

LegalZoom.com Inc. (NASDAQ: LZ) Trading Performance Indicators

You can see what LegalZoom.com Inc. (LZ) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.86. Likewise, its price to free cash flow for the trailing twelve months is 16.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.11, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.56 in one year’s time.

Technical Analysis of LegalZoom.com Inc. (LZ)

Compared to the last year’s volume of 1.59 million, its volume of 0.76 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 82.36%. Additionally, its Average True Range was 0.19.

During the past 100 days, LegalZoom.com Inc.’s (LZ) raw stochastic average was set at 54.59%, which indicates a significant decrease from 97.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.66% in the past 14 days, which was lower than the 57.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.63, while its 200-day Moving Average is $9.08. Nevertheless, the first resistance level for the watch stands at $7.26 in the near term. At $7.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.45. If the price goes on to break the first support level at $7.07, it is likely to go to the next support level at $6.95. Now, if the price goes above the second support level, the third support stands at $6.88.

LegalZoom.com Inc. (NASDAQ: LZ) Key Stats

There are 175,612K outstanding shares of the company, which has a market capitalization of 1.26 billion. As of now, sales total 660,730 K while income totals 13,950 K. Its latest quarter income was 177,360 K while its last quarter net income were 1,310 K.