MSP Recovery Stock to Reverse Split on Monday, November 18th (NASDAQ:LIFW)

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) are set to reverse split before the market opens on Monday, November 18th. The 1-25 reverse split was announced on Tuesday, November 12th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 15th.

MSP Recovery Stock Performance

NASDAQ LIFW opened at $0.10 on Thursday. The company has a market cap of $14.25 million, a P/E ratio of -0.02 and a beta of -2.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.14 and a current ratio of 0.14. The business’s 50 day moving average price is $0.13 and its 200-day moving average price is $0.18. MSP Recovery has a fifty-two week low of $0.08 and a fifty-two week high of $7.65.

MSP Recovery (NASDAQ:LIFW) last released its earnings results on Wednesday, August 14th. The company reported ($1.49) earnings per share for the quarter. The company had revenue of $0.34 million for the quarter. MSP Recovery had a negative net margin of 1,162.14% and a negative return on equity of 5.50%.

Insider Activity at MSP Recovery

In other news, CEO John Hasan Ruiz bought 360,620 shares of the stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $0.28 per share, for a total transaction of $100,973.60. Following the acquisition, the chief executive officer now owns 1,741,406 shares of the company’s stock, valued at $487,593.68. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 86.52% of the stock is owned by company insiders.

MSP Recovery Company Profile

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.