LuxUrban Hotels Inc (NASDAQ:LUXH) shares traded -8.54% lower at $0.08 on Wall Street last session.
LUXH stock price is now -60.36% away from the 50-day moving average and -96.75% away from the 200-day moving average. The market capitalization of the company currently stands at $9.22M.
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In other news, Schaefer Kimberly, Director bought 117,647 shares of the company’s stock on Jul 18 ’24. The stock was bought for $20,000 at an average price of $0.17. Upon completion of the transaction, the Director now directly owns 238,345 shares in the company, valued at $19067.6. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, Chief Executive Officer Arigo Robert bought 176,470 shares of the business’s stock. A total of $30,000 was incurred on buying the stock at an average price of $0.17. This leaves the insider owning 926,470 shares of the company worth $74117.6. A total of 33.96% of the company’s stock is owned by insiders.
During the past 12 months, LuxUrban Hotels Inc has had a low of $0.08 and a high of $6.88. The fifty day moving average price for LUXH is $0.18712 and a two-hundred day moving average price translates $2.31879 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.
