LuxUrban Hotels Inc (NASDAQ:LUXH) shares traded -12.19% lower at $0.17 on Wall Street last session.
LUXH stock price is now -46.03% away from the 50-day moving average and -93.75% away from the 200-day moving average. The market capitalization of the company currently stands at $12.60M.
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In other news, JAMES MICHAEL C, Chief Financial Officer bought 352,941 shares of the company’s stock on Jul 15 ’24. The stock was bought for $60,000 at an average price of $0.17. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,624,941 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, Director TOBOROFF LEONARD bought 147,058 shares of the business’s stock. A total of $25,000 was incurred on buying the stock at an average price of $0.17. This leaves the insider owning 1,143,691 shares of the company worth $0.19 million. A total of 27.61% of the company’s stock is owned by insiders.
During the past 12 months, LuxUrban Hotels Inc has had a low of $0.16 and a high of $6.88. The fifty day moving average price for LUXH is $0.30582 and a two-hundred day moving average price translates $2.73109 for the stock.
The latest earnings results from LuxUrban Hotels Inc (NASDAQ: LUXH) was released for 2024-03-31. The net profit margin was -77.65% and return on equity was -251.02% for LUXH. The company reported revenue of $29.1 million for the quarter, compared to $22.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.56 percent.
