How to Buy Leafly Holdings Stock

Leafly Holdings Inc

Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers.

Leafly Holdings stock last closed at $7.30, up 5.34% from the previous day, and has decreased 54.02% in one year. It has overperformed other stocks in the Pharmaceutical Retailers industry by 0.03 percentage points. Leafly Holdings stock is currently +55.98% from its 52-week low of $4.68, and -65.63% from its 52-week high of $21.24.

As of Sep 25, 2023, there are 2.22M LFLY shares outstanding. The market value of LFLY is $16.24M. In the last 24 hours, 29,286 LFLY shares were traded.

How to Buy Leafly Holdings Stock

Wondering how to invest in Leafly Holdings stock? Here's how.
  1. Decide where to buy Leafly Holdings stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you choose where to buy Leafly Holdings stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Pick your payment method and add your information.
  4. Evaluate Leafly Holdings stock: The Leafly Holdings ticker symbol is LFLY. Is Leafly Holdings stock a good investment? Should you buy shares of LFLY? How do LFLY's underlying business fundamentals look? Do top analysts think Leafly Holdings is a good buy? Why has LFLY's stock price moved recently? (Hint: Our stock market analysis website can help you understand if LFLY is a good stock to buy).
  5. Place your LFLY purchase: Decide if you will purchase LFLY shares at the current market price or use a limit order to buy LFLY stock at a particular price.
  6. Get the latest scoop on your investment in LFLY: Create a watchlist to track your new investment in Leafly Holdings stock.

Step 1: Decide where to buy Leafly Holdings stock

You need an online brokerage account to access the NASDAQ market and buy LFLY stock.

A brokerage account enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've selected your brokerage, you need to fill out some personal info so you are able to buy LFLY stock today.

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  1. Send your application by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you have filled out your info on a good stock buying app, your next step is to transfer the money for your investment:

Check out the walkthrough below for more details transferring money into your brokerage account.

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Step 4: Evaluate Leafly Holdings stock

Once you have figured out the best place to buy Leafly Holdings stock, it's critical to analyze their stock prior to buying, so you can understand the risk and opportunity.

Leafly Holdings Metrics

LFLY Price
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Next Earnings
Nov 8, 2023
Next Dividend

Leafly Holdings Due Diligence Checks

WallStreetZen was built to help average investors do more in-depth fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on LFLY's stock page.

Is LFLY stock overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge LFLY's fair value.

Using relative valuations methods:

  • LFLY may be undervalued based on its P/E ratio of 4.56x, relative to Pharmaceutical Retailers industry P/E ratio of -6.2x

You can access more valuation analysis on LFLY's stock here.

LFLY Financial Health

Positive Health Checks:

  • LFLY profit margin has gone up from -30.6% to 6.2% in the past year.
  • There are more short-term assets than short-term liabilities on the LFLY balance sheet.

Negative Health Checks:

  • LFLY has $14.48M in cash and short term investments. This is not enough to cover its annual cash burn of $21.36M.
  • LFLY has cash burn of 21358000. It does not have enough cash and short-term investments to cover this.
  • LFLY debt to equity ratio of -3.04 is negative.
  • There are more long-term liabilities than short-term assets on the LFLY balance sheet.
  • Total LFLY debt is still negative.

Is LFLY stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Equities analysts who give forecasts on LFLY, the consensus analyst rating on Leafly Holdings is a Strong Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

Latest LFLY Analyst Ratings

Daniel Kurnos, a bottom 5% analyst from Benchmark maintains LFLY with a strong buy rating and lowers their LFLY price target from $80.00 to $60.00, on May 12, 2023.

You can dive deeper into what analysts are saying on the Leafly Holdings stock forecast page.

LFLY Technicals

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How is LFLY performing as a company?

Last year, LFLY earnings were $2.85M. In the past 3 year, LFLY's earnings have increased by -58.48% per year. This was slower than the Pharmaceutical Retailers industry average of -0.05%.

Last year, LFLY revenue was $45.82M. In the last 2 year, LFLY's revenue has grown by -9.91% per year. This was slower than the Pharmaceutical Retailers industry average of 2.46%.

Dig into LFLY's earnings and revenue performance here.

Who is buying/selling LFLY?

Over the last year, executives and large shareholders at LFLY have bought more shares than they have sold.

Suresh Krishnaswamy, Chief Financial Officer of LFLY, was the latest LFLY insider to sell. They sold $1,972.16 worth of LFLY stock on Aug 23, 2023.

Dig into more about who owns LFLY stock here.

Can I get consistent income from LFLY stock?

No, Leafly Holdings doesn't provide an income stream by paying out dividends.

LFLY Social Trading Data

One of the reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Place your LFLY purchase

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price, use a limit order.

Press the Open button and eToro will place your order.

If you want additional help buying stocks on eToro, click the helpful video below:

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Step 6: Get the latest scoop on your investment in LFLY

Now that you own some LFLY shares, you'll want to stay up-to-date on your stock purchase.

Create a watchlist to get notified of the latest news about your LFLY stock.


How to Buy Stock in Leafly Holdings

To reiterate, here are the 6 steps you need to take to buy Leafly Holdings stock right now:

  1. Decide where to buy Leafly Holdings stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Evaluate Leafly Holdings stock
  5. Place your LFLY purchase
  6. Get the latest scoop on your investment in LFLY

If you need a place to buy stocks, eToro is our favorite option.

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If you want to get notifications regarding your new investment in Leafly Holdings, get started below.

$7.30+0.37 (+5.34%)
Updated Sep 25, 2023
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$7.30+0.37 (+5.34%)
Updated Sep 25, 2023
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How much does it cost to buy one Leafly Holdings share?

As of Sep 25, 2023, it costs $7.30 to buy one share of Leafly Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.411 shares of LFLY.

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Is now a good time to buy Leafly Holdings stock?

According to 1 Wall Street analysts who monitor Leafly Holdings, their consensus recommendation is to buy Leafly Holdings stock.

What is the best way to buy Leafly Holdings stock?

One way to place an order for Leafly Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.