LuxUrban Hotels Inc (NASDAQ:LUXH) price on Friday, October 25, fall -4.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.05.
A look at the stock’s price movement, the close in the last trading session was $0.05, moving within a range at $0.052 and $0.0548. The beta value (5-Year monthly) was -1.427. Turning to its 52-week performance, $6.88 and $0.05 were the 52-week high and 52-week low respectively. Overall, LUXH moved -29.85% over the past month.
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LuxUrban Hotels Inc’s market cap currently stands at around $6.47 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-18.
Analysts have a consensus estimate of 27.1M for the company’s revenue for the quarter, with a low and high estimate of 27.1M and 27.1M respectively. The average forecast suggests down to a -13.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 110.6M, representing a -2.50% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LUXH is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
LUXH’s current price about -17.62% and -25.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.84, while 7-day volatility ratio is 12.44% and 14.90% in the 30-day chart. Further, LuxUrban Hotels Inc (LUXH) has a beta value of -1.38, and an average true range (ATR) of 0.01.
If we refocus on LuxUrban Hotels Inc (NASDAQ:LUXH), historical trading data shows that trading volumes averaged 40.68 over the past 10 days and 12.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 123.40 million shares.
The 19.63% of LuxUrban Hotels Inc’s shares are in the hands of company insiders while institutional holders own 13.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.55 million on 2024-09-30, giving us a short ratio of 0.18. The data shows that as of 2024-09-30 short interest in LuxUrban Hotels Inc (LUXH) stood at 133.00001 of shares outstanding, with shares short rising to 0.94 million registered in 2024-08-30. Current price change has pushed the stock -99.12% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LUXH stock continues to rise going into the next quarter.
