The stock of LQR House Inc. (NASDAQ: LQR) has decreased by -10.41 when compared to last closing price of 0.64. Despite this, the company has experienced a -24.29% fall in its stock price over the last five trading sessions. InvestorPlace reported 2023-08-28 that LQR House (NASDAQ: LQR ) stock is taking off on Monday after the digital marketing and brand development company announced a stock repurchase program. LQR House’s Board of Directors has approved a share repurchase program for up to $2 million worth of LQR stock.
Is It Worth Investing in LQR House Inc. (NASDAQ: LQR) Right Now?
The public float for LQR is 7.59M, and at present, short sellers hold a 4.31% of that float. The average trading volume of LQR on September 19, 2023 was 4.88M shares.
LQR’s Market Performance
The volatility ratio for the week is 13.54%, and the volatility levels for the last 30 days are 20.59% for LQR House Inc. (LQR). The simple moving average for the past 20 days is -42.75% for LQR’s stock, with a -56.52% simple moving average for the past 200 days.
LQR Trading at -56.52% from the 50-Day Moving Average
After a stumble in the market that brought LQR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.10% of loss for the given period.
Volatility was left at 20.59%, however, over the last 30 days, the volatility rate increased by 13.54%, as shares sank -54.33% for the moving average over the last 20 days.
During the last 5 trading sessions, LQR fell by -23.38%, in comparison to the 20-day moving average, which settled at $0.9665. In addition, LQR House Inc. saw -85.31% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at LQR starting from Dollinger Sean, who purchase 86,400 shares at the price of $1.16 back on Aug 23. After this action, Dollinger Sean now owns 2,028,067 shares of LQR House Inc., valued at $100,288 using the latest closing price.
In summary, LQR House Inc. (LQR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.