Now Is A Good Time To Buy LuxUrban Hotels Inc (NASDAQ: LUXH)

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During the last session, LuxUrban Hotels Inc (NASDAQ:LUXH)’s traded shares were 3.79 million, with the beta value of the company hitting -1.36. At the end of the trading day, the stock’s price was $0.07, reflecting an intraday loss of -5.59% or -$0.01. The company’s market capitalization is $8.96M, and the average intraday trading volume over the past 10 days was 7.32 million shares, and the average trade volume was 3.51 million shares over the past three months.

LuxUrban Hotels Inc (NASDAQ:LUXH) trade information

LuxUrban Hotels Inc (LUXH) registered a -5.59% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.59% in intraday trading to $0.07, hitting a weekly high. The stock’s 5-day price performance is 2.11%, and it has moved by -49.93% in 30 days. Based on these gigs, the overall price performance for the year is -97.52%. The short interest in LuxUrban Hotels Inc (NASDAQ:LUXH) is 0.7 million shares and it means that shorts have 0.17 day(s) to cover.

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LuxUrban Hotels Inc (LUXH) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -147.60% this quarter and then drop -108.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.20% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 26.35M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 28.05M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 31.86M and 31.21M respectively. In this case, analysts expect current quarter sales to shrink by -17.30% and then drop by -10.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -227.20%.

LUXH Dividends

LuxUrban Hotels Inc is due to release its next quarterly earnings on 2024-Aug-23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

LuxUrban Hotels Inc (NASDAQ:LUXH)’s Major holders

LuxUrban Hotels Inc insiders own 19.04% of total outstanding shares while institutional holders control 14.23%, with the float percentage being 17.58%.