Investor Confidence Is Shaken After LuxUrban Hotels Inc (NASDAQ: LUXH) Share Prices Dropped By $0.0

LuxUrban Hotels Inc (NASDAQ:LUXH) has a beta value of -1.19 and has seen 21.6 million shares traded in the last trading session. The LUXH stock price is -17100.0% off its 52-week high price of $6.88 and 25.0% above the 52-week low of $0.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 44.39 million shares traded. The 3-month trading volume is 17.26 million shares.

LuxUrban Hotels Inc (NASDAQ:LUXH) trade information

Sporting -2.48% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LUXH stock price touched $0.04 or saw a rise of 28.57%. Year-to-date, LuxUrban Hotels Inc shares have moved -99.34%, while the 5-day performance has seen it change -24.81%. Over the past 30 days, the shares of LuxUrban Hotels Inc (NASDAQ:LUXH) have changed -51.83%. Short interest in the company has seen 3.85 million shares shorted with days to cover at 0.17.

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LuxUrban Hotels Inc (LUXH) estimates and forecasts

The company’s shares have lost -95.31% over the past 6 months, compared to 9.50% for the industry. Revenue growth from the last financial year stood is estimated to be -2.50%.

1 analysts offering their estimates for the company have set an average revenue estimate of 27.1M for the current quarter. 1 have an estimated revenue figure of 29.9M for the next ending quarter. Year-ago sales stood 31.21M and 27.51M respectively for this quarter and the next, and analysts expect sales will shrink by -13.20% for the current quarter and -2.50% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -227.20% over the past 5 years.

LUXH Dividends

LuxUrban Hotels Inc is expected to release its next earnings report on 2024-Nov-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 17.53% of the company shares, while shares held by institutions stand at 4.90% with a share float percentage of 5.94%. Investors are also buoyed by the number of investors in a company, with LuxUrban Hotels Inc having a total of 28.0 institutions that hold shares in the company.