The price of LuxUrban Hotels Inc (NASDAQ:LUXH) shares last traded on Wall Street fell -8.97% to $0.05.
LUXH stock price is now -31.81% away from the 50-day moving average and -95.48% away from the 200-day moving average. The market capitalization of the company currently stands at $5.89M.
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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 $11917.25. 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 $46323.5. A total of 19.63% of the company’s stock is owned by insiders.
During the past 12 months, LuxUrban Hotels Inc has had a low of $0.05 and a high of $6.88. The fifty day moving average price for LUXH is $0.06998 and a two-hundred day moving average price translates $1.056275 for the stock.
The latest earnings results from LuxUrban Hotels Inc (NASDAQ: LUXH) was released for 2024-06-30. The net profit margin was -130.26% and return on equity was -251.02% for LUXH. The company reported revenue of $18.19 million for the quarter, compared to $31.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -42.92 percent.
