Medifast, Inc. (MED)
NYSE - Nasdaq Real-time price. Currency in USD
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As of 01:07PM EDT. Market open.
| Previous close | 35.51 |
| Open | 34.00 |
| Bid | 27.44 x 2200 |
| Ask | 27.55 x 1100 |
| Day's range | 26.03 - 28.44 |
| 52-week range | 26.03 - 109.52 |
| Volume | |
| Avg. volume | 392,461 |
| Market cap | 300.773M |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 3.02 |
| EPS (TTM) | 9.10 |
| Earnings date | 29 Apr 2024 |
| Forward dividend & yield | 6.60 (18.59%) |
| Ex-dividend date | 18 Sept 2023 |
| 1y target est | 37.50 |
StockStoryWhy Medifast (MED) Shares Are Trading Lower Today
Shares of wellness company Medifast (NYSE:MED) fell 26.8% in the morning session after the company reported first quarter results that narrowly topped analysts' revenue expectations. However, revenue declined 48% in absolute terms, primarily driven by a decline in active earning OPTAVIA Coaches as well as lower Coach productivity. The company also called out a $9.1 million headwind due to timing differences from changes to sales order terms. Looking ahead, guidance was weak. The company's revenu
- GuruFocus.com
Medifast Inc (MED) (Q1 2024) Earnings Call Transcript Highlights: Navigating Challenges with ...
Despite a significant revenue drop, Medifast focuses on improved gross margins and strategic marketing investments to bolster future growth.
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