In yesterday’s Wall Street session, LuxUrban Hotels Inc (NASDAQ:LUXH) shares traded at $0.05, up 34.42% from the previous session.
LUXH stock price is now -24.77% away from the 50-day moving average and -94.64% away from the 200-day moving average. The market capitalization of the company currently stands at $6.84M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $0.03 and a high of $6.88. The fifty day moving average price for LUXH is $0.06654 and a two-hundred day moving average price translates $0.945895 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.
