LWAY Stock Summary and Trading Ideas (Lifeway Foods | NASDAQ:LWAY)

Lifeway Foods Inc is engaged in manufacturing probiotic, cultured, functional dairy health food products. Its primary product is drinkable kefir which is a cultured dairy product. Its product categories are Drinkable Kefir which is the key revenue-driving product, European-style soft cheeses, Cream, ProBugs, Frozen Kefir and Other dairy. The company manufacture and market products under the Lifeway and Fresh Made brand names, as well as under private labels on behalf of customers. It sells the products primarily through direct sales force, brokers, and distributors.

Lifeway Foods trades on the NASDAQ stock market under the symbol LWAY.

As of April 18, 2024, LWAY stock price declined to $19.32 with 80,175 million shares trading.

LWAY has a beta of -0.84, meaning it tends to be less sensitive to market movements. LWAY has a correlation of 0.01 to the broad based SPY ETF.

LWAY has a market cap of $283.83 million. This is considered a Small Cap stock.

Last quarter Lifeway Foods reported $42 million in Revenue and $.26 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.05.

In the last 3 years, LWAY stock traded as high as $23.31 and as low as $4.51.

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

LWAY has outperformed the market in the last year with a price return of +217.2% while the SPY ETF gained +23.1%. LWAY has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +40.2% and +1.8%, respectively, while the SPY returned +6.8% and -3.2%, respectively.

LWAY support price is $18.84 and resistance is $21.14 (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 LWAY stock will trade within this expected range on the day.