LifeVantage Achieves 52-Week High Following Q4 Results

Shares of LifeVantage reached a 52-week high on Tuesday, driven by the company's impressive financial performance in the fourth quarter. The stock experienced a 14% surge, reaching $5.89 per share at 1:05 p.m. ET. Notably, the volume of shares traded during this period exceeded the stock's 65-day average volume, totaling 1.6 million shares.

During earlier trading, the stock even touched an impressive 52-week high of $7.44 per share.

In the after-hours announcement on Monday, LifeVantage, a prominent health and wellness company, revealed its fourth-quarter financials. The company reported earnings per share of 15 cents on a significant revenue of $54.2 million. This performance marks a substantial improvement compared to the previous year's fourth quarter, during which LifeVantage suffered a loss of 11 cents per share on a revenue of $50.9 million.

On an adjusted basis, the company reported even stronger results, with 17 cents in earnings per share for the fourth quarter, surpassing the previous year's performance of just 1 cent.

LifeVantage also shared its optimistic outlook for fiscal year 2024, expressing expectations to generate revenue ranging between $216 million and $226 million.