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

MSP Recovery, Inc. (NASDAQ:LIFW)’s stock is going to reverse split 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 Price Performance

LIFW opened at $0.07 on Friday. The business has a fifty day moving average of $0.12 and a 200 day moving average of $0.17. MSP Recovery has a 52-week low of $0.06 and a 52-week high of $7.65. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.71. The stock has a market cap of $10.61 million, a P/E ratio of -0.01 and a beta of -2.29.

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

Insiders Place Their Bets

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 26.12 % 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. 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.