MSP Recovery (NASDAQ:MSPR) Shares Down 5.8% – Time to Sell?

MSP Recovery, Inc. (NASDAQ:MSPR) dropped 5.8% during trading on Wednesday . The company traded as low as $0.30 and last traded at $0.3255. Approximately 1,513,731 shares changed hands during trading, a decline of 78% from the average daily volume of 6,803,912 shares. The stock had previously closed at $0.3456.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of MSP Recovery in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of MSP Recovery to a “strong sell” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MSP Recovery has an average rating of “Sell”.

MSP Recovery Stock Down 5.8%

The firm has a market capitalization of $4.64 million, a PE ratio of 0.00 and a beta of -2.96. The business has a 50-day moving average price of $0.62 and a 200-day moving average price of $4.10.

MSP Recovery (NASDAQ:MSPR) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($132.71) earnings per share for the quarter. MSP Recovery had a negative net margin of 7,328.48% and a negative return on equity of 326.80%. The firm had revenue of $0.20 million for the quarter.

Institutional Trading of MSP Recovery

An institutional investor recently bought a new position in MSP Recovery stock. Corient Private Wealth LLC acquired a new stake in MSP Recovery, Inc. (NASDAQ:MSPR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,924 shares of the company’s stock, valued at approximately $136,000. Corient Private Wealth LLC owned about 1.19% of MSP Recovery as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.77% of the company’s stock.

About MSP Recovery

MSP Recovery, Inc engages in the development of healthcare recoveries and data analytics software. It also focuses on the identification and recoveries of improper payments made by Medicare, Medicaid, and commercial insurance spaces using data and analytics. The company was founded by John H. Ruiz, Frank C.