In the last trading session, 7.12 million shares of the LuxUrban Hotels Inc (NASDAQ:LUXH) were traded, and its beta was -1.33. Most recently the company’s share price was $0.07, and it changed around $0.0 or 2.67% from the last close, which brings the market valuation of the company to $9.01M. LUXH currently trades at a discount to its 52-week high of $6.88, offering almost -9728.57% off that amount. We note from LuxUrban Hotels Inc’s average daily trading volume that its 10-day average is 7.05 million shares, with the 3-month average coming to 3.30 million.
LuxUrban Hotels Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended LUXH as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. LuxUrban Hotels Inc is expected to report earnings per share of -0.1 for the current quarter.
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LuxUrban Hotels Inc (NASDAQ:LUXH) trade information
Instantly LUXH has showed a green trend with a performance of 2.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.0876 on recent trading dayincreased the stock’s daily price by 20.09%. The company’s shares are currently down -98.78% year-to-date, but still up 4.58% over the last five days. On the other hand, LuxUrban Hotels Inc (NASDAQ:LUXH) is -51.69% down in the 30-day period. We can see from the shorts that 1.2 million shares have been sold at a short interest cover period of 0.38 day(s).
LuxUrban Hotels Inc (LUXH) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -147.60% in revenue this quarter, and will report a decrease of -108.30% in the next quarter. The year-over-year growth rate is expected to be -0.20%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 26.35M in revenue for the current quarter. 2 analysts expect LuxUrban Hotels Inc to make 28.05M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 31.86M and 31.21M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.30%. Forecasts for the next quarter put sales growth at -10.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -227.20%.
LUXH Dividends
LuxUrban Hotels Inc’s next quarterly earnings report is expected to be released on 2024-Aug-23.
LuxUrban Hotels Inc (NASDAQ:LUXH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 19.04% of LuxUrban Hotels Inc shares, and 14.23% of them are in the hands of institutional investors. The stock currently has a share float of 17.58%.
Perritt Microcap Opportunities Fund and Putnam Variable Trust-Small Cap Value Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 250.0 shares worth $18249.0, making up 0.20% of all outstanding shares. On the other hand, Putnam Variable Trust-Small Cap Value Fund held roughly 218.74 shares worth around $15967.0, which represents about 0.18% of the total shares outstanding.
