LEE Stock Summary and Trading Ideas (Lee Enterprises | NASDAQ:LEE)

Lee Enterprises Inc is a local news publication company in the United States. It is a digital-first subscription business providing local markets with valuable, high quality, trusted, intensely local news, information, advertising and marketing services. Its product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche products, all delivering original local news and information as well as national and international news. The products offer digital and print editions, and its content and advertising is available in real time through the websites and mobile apps.

Lee Enterprises trades on the NASDAQ stock market under the symbol LEE.

As of May 3, 2024, LEE stock price declined to $12.25 with 3,190 million shares trading.

LEE has a beta of 1.31, meaning it tends to be more sensitive to market movements. LEE has a correlation of 0.09 to the broad based SPY ETF.

LEE has a market cap of $75.25 million. This is considered a Micro Cap stock.

Last quarter Lee Enterprises reported $147 million in Revenue and -$2.06 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$1.84.

In the last 3 years, LEE stock traded as high as $44.43 and as low as $7.56.

The top ETF exchange traded funds that LEE belongs to (by Net Assets): VTI, VXF, IWC, DFAS, DFAC.

LEE has underperformed the market in the last year with a price return of +11.4% while the SPY ETF gained +27.0%. However, in the short term, LEE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +22.7% vs +3.7% return in SPY. But in the last 2 weeks, LEE shares have been beat by the market, returning -4.8% compared to an SPY return of +3.3%.

LEE support price is $12.03 and resistance is $12.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LEE stock will trade within this expected range on the day.