Should You Buy Leafly Holdings Inc (LFLY) Stock After it Is Up 54.84% in a Week?

Overall market sentiment has been high on Leafly Holdings Inc (LFLY) stock lately. LFLY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Leafly Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LFLY!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LFLY Stock Today?

Leafly Holdings Inc (LFLY) stock is up 17.68% while the S&P 500 is lower by -0.1% as of 12:47 PM on Thursday, Aug 31. LFLY has risen $0.07 from the previous closing price of $0.41 on volume of 1,307,332 shares. Over the past year the S&P 500 is up 13.15% while LFLY is lower by -69.23%. LFLY earned $0.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 32.46. To see InvestorsObserver's Sentiment Score for Leafly Holdings Inc click here.

More About Leafly Holdings Inc

Leafly Holdings Inc operates an online cannabis information resource platform. It offers cannabis retailers and brands subscription-based marketplace listings that provide its cannabis audience with information, reviews, menus, and ordering and delivery options through legal retailers. Click Here to get the full Stock Report for Leafly Holdings Inc stock.