Leafly (NASDAQ:LFLY) Stock Price Down 18.5% – Here’s Why

Leafly Holdings, Inc. (NASDAQ:LFLYGet Free Report) fell 18.5% during mid-day trading on Monday . The company traded as low as $0.16 and last traded at $0.16. 3,507 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 177,815 shares. The stock had previously closed at $0.20.

Leafly Stock Performance

The stock’s fifty day simple moving average is $0.21 and its 200-day simple moving average is $0.52. The stock has a market cap of $511,331.00, a P/E ratio of -0.07 and a beta of 1.03.

Leafly Company Profile

(Get Free Report)

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.

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