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The latest update is out from Locafy Ltd. ( (LCFY) ).
On April 15, 2025, Locafy Limited announced the filing of a prospectus supplement related to the sale of up to $1,838,680 worth of shares under an at-the-market (ATM) agreement with H.C. Wainwright & Co., LLC. This move is part of the company’s strategy to raise capital and potentially expand its market presence. The issuance of these shares is expected to be fully paid and free from personal liability for shareholders, indicating a solid financial structure for future growth.
Spark’s Take on LCFY Stock
According to Spark, TipRanks’ AI Analyst, LCFY is a Underperform.
Locafy Ltd.’s overall score is driven by significant financial weaknesses, including persistent negative profit margins and declining revenue, which are major concerns. Technical indicators suggest bearish momentum, and the negative P/E ratio highlights valuation concerns. These factors collectively present a high-risk investment profile.
To see Spark’s full report on LCFY stock, click here.
More about Locafy Ltd.
Locafy Limited is an Australian company operating in the technology industry, primarily focusing on providing digital marketing solutions. The company specializes in search engine optimization (SEO) services and aims to enhance online visibility for businesses.
YTD Price Performance: -43.61%
Average Trading Volume: 15,719
Technical Sentiment Signal: Buy
See more data about LCFY stock on TipRanks’ Stock Analysis page.