LuxUrban Hotels Inc (NASDAQ:LUXH) price on Friday, November 15, fall -6.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.04.
A look at the stock’s price movement, the close in the last trading session was $0.04, moving within a range at $0.0386 and $0.0418. The beta value (5-Year monthly) was -1.186. Turning to its 52-week performance, $6.88 and $0.03 were the 52-week high and 52-week low respectively. Overall, LUXH moved -30.96% over the past month.
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LuxUrban Hotels Inc’s market cap currently stands at around $5.47 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-18.
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 -13.91% and -35.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.43, while 7-day volatility ratio is 14.37% and 20.94% in the 30-day chart. Further, LuxUrban Hotels Inc (LUXH) has a beta value of -1.09, 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 23.11 over the past 10 days and 20.32 million over the past 3 months. The company’s latest data on shares outstanding shows there are 137.95 million shares.
The 29.88% of LuxUrban Hotels Inc’s shares are in the hands of company insiders while institutional holders own 9.07% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.14 million on 2024-10-31, giving us a short ratio of 0.06. The data shows that as of 2024-10-31 short interest in LuxUrban Hotels Inc (LUXH) stood at 166.0 of shares outstanding, with shares short rising to 1.55 million registered in 2024-09-30. Current price change has pushed the stock -99.34% 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.
