MSP Recovery (NASDAQ:LIFW) Stock Price Down 7.1% – Time to Sell?

MSP Recovery, Inc. (NASDAQ:LIFW)’s share price traded down 7.1% during mid-day trading on Monday . The stock traded as low as $1.48 and last traded at $1.69. 352,006 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 15,586,536 shares. The stock had previously closed at $1.82.

MSP Recovery Price Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $246.25 million, a P/E ratio of -0.30 and a beta of -2.29. The company has a fifty day simple moving average of $3.04 and a 200-day simple moving average of $4.20.

Insider Buying and Selling

In related news, CEO John Hasan Ruiz purchased 14,424 shares of MSP Recovery stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $7.00 per share, with a total value of $100,968.00. Following the completion of the transaction, the chief executive officer now directly owns 69,656 shares of the company’s stock, valued at approximately $487,592. This represents a 26.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 86.52% of the company’s stock.

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.