In last trading session, LuxUrban Hotels Inc (NASDAQ:LUXH) saw 0.48 million shares changing hands with its beta currently measuring -0.98. Company’s recent per share price level of $5.05 trading at -$0.05 or -0.98% at ring of the bell on the day assigns it a market valuation of $185.94M. That closing price of LUXH’s stock is at a discount of -14.46% from its 52-week high price of $5.78 and is indicating a premium of 74.85% from its 52-week low price of $1.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.2 million shares which gives us an average trading volume of 167.90K if we extend that period to 3-months.
For LuxUrban Hotels Inc (LUXH), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.14 in the current quarter.
LuxUrban Hotels Inc (NASDAQ:LUXH) trade information
Upright in the red during last session for losing -0.98%, in the last five days LUXH remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $5.05 price level, adding 9.01% to its value on the day. LuxUrban Hotels Inc’s shares saw a change of 197.08% in year-to-date performance and have moved 12.72% in past 5-day. LuxUrban Hotels Inc (NASDAQ:LUXH) showed a performance of 23.77% in past 30-days. Number of shares sold short was 1.07 million shares which calculate 4.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $10.75 to the stock, which implies a rise of 53.02% to its current value. Analysts have been projecting $8.00 as a low price target for the stock while placing it at a high target of $14.00. It follows that stock’s current price would drop -177.23% in reaching the projected high whereas dropping to the targeted low would mean a loss of -58.42% for stock’s current value.
LuxUrban Hotels Inc (LUXH) estimates and forecasts
Statistics highlight that LuxUrban Hotels Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 44.29% of value to its shares in past 6 months, showing an annual growth rate of 31.25% while that of industry is 24.70. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 1,300.00% in the current quarter and calculating 25.00% increase in the next quarter. This year revenue growth is estimated to rise 185.40% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $38.19 million for the same. And 2 analysts are in estimates of company making revenue of $45.1 million in the next quarter that will end on Mar 2024. Company posted $12.95 million and $22.85 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 194.90% while estimating it to be 97.40% for the next quarter.
In 2023, company’s earnings growth rate is likely to be around 140.36% while estimates for its earnings growth in next 5 years are of 30.00%.
LuxUrban Hotels Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
LuxUrban Hotels Inc (NASDAQ:LUXH)’s Major holders
Insiders are in possession of 75.22% of company’s total shares while institution are holding 8.47 percent of that, with stock having share float percentage of 34.17%. Investors also watch the number of corporate investors in a company very closely, which is 8.47% institutions for LuxUrban Hotels Inc that are currently holding shares of the company. Ancora Advisors, LLC is the top institutional holder at LUXH for having 0.15 million shares of worth $0.47 million. And as of Jun 29, 2023, it was holding 0.41% of the company’s outstanding shares.
The second largest institutional holder is Geode Capital Management, LLC, which was holding about 0.11 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.31% of outstanding shares, having a total worth of $0.35 million.
On the other hand, Ancora MicroCap Fd and MSS Ser Tr-One Rock Fd are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 44742.0 shares of worth $0.14 million or 0.12% of the total outstanding shares. The later fund manager was in possession of 39477.0 shares on May 30, 2023, making its stake of worth around $0.14 million in the company or a holder of 0.11% of company’s stock.