Shares of LIFE360 INC-CDI (360.AU) surged 5.23% during Tuesday's intraday session. The sharp upward movement followed the publication of analysis highlighting the stock's potential undervaluation.
The stock was featured in a screening of ASX stocks trading below their estimated value based on cash flows. According to the analysis, Life360 was trading at A$27.52, representing a significant 44.8% discount to its estimated fair value of A$49.88. This identification of a substantial valuation gap likely prompted investor interest and buying activity during the trading session.