The stock of LuxUrban Hotels Inc (NASDAQ: LUXH) has increased by 17.66 when compared to last closing price of 0.07.Despite this, the company has seen a gain of 15.57% in its stock price over the last five trading days. globenewswire.com reported 2024-08-26 that MIAMI, Aug. 26, 2024 (GLOBE NEWSWIRE) — LuxUrban Hotels Inc. (NASDAQ: LUXH) today announced it has received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) on August 20, 2024 indicating that the Company is not currently in compliance with Nasdaq’s Listing Rules (“the Listing Rules”) due to the Company’s not timely filing its Form 10-Q for the period ended June 30, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (“SEC”). The Notice does not immediately affect the listing or trading of the Company’s securities. According to Listing Rule 5250(c)(1), the Company was required to file Form 10-Q by August 14, 2024 (the “Due Date”). The Company previously reported its inability to file Form 10-Q by the Due Date on a Form 12b-25 that the Company filed with the SEC on August 14, 2024.
Is It Worth Investing in LuxUrban Hotels Inc (NASDAQ: LUXH) Right Now?
The 36-month beta value for LUXH is at -1.45. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for LUXH is 98.55M, and currently, shorts hold a 0.96% of that float. The average trading volume for LUXH on September 23, 2024 was 3.64M shares.
LUXH’s Market Performance
LUXH’s stock has seen a 15.57% increase for the week, with a 15.89% rise in the past month and a -66.32% fall in the past quarter. The volatility ratio for the week is 9.47%, and the volatility levels for the past 30 days are at 9.02% for LuxUrban Hotels Inc The simple moving average for the past 20 days is 16.29% for LUXH’s stock, with a -95.17% simple moving average for the past 200 days.
LUXH Trading at -20.82% from the 50-Day Moving Average
After a stumble in the market that brought LUXH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.77% of loss for the given period.
Volatility was left at 9.02%, however, over the last 30 days, the volatility rate increased by 9.47%, as shares surge +18.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.90% lower at present.
During the last 5 trading sessions, LUXH rose by +15.57%, which changed the moving average for the period of 200-days by -98.11% in comparison to the 20-day moving average, which settled at $0.0734. In addition, LuxUrban Hotels Inc saw -98.58% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LUXH starting from Schaefer Kimberly, who purchase 117,647 shares at the price of $0.17 back on Jul 18 ’24. After this action, Schaefer Kimberly now owns 238,345 shares of LuxUrban Hotels Inc, valued at $20,000 using the latest closing price.
Arigo Robert, the Chief Executive Officer of LuxUrban Hotels Inc, purchase 176,470 shares at $0.17 during a trade that took place back on Jul 15 ’24, which means that Arigo Robert is holding 926,470 shares at $30,000 based on the most recent closing price.
Stock Fundamentals for LUXH
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- -0.01 for the gross margin
The net margin for LuxUrban Hotels Inc stands at -0.77. The total capital return value is set at -0.13. Equity return is now at value -251.02, with -51.44 for asset returns.
Based on LuxUrban Hotels Inc (LUXH), the company’s capital structure generated -2.37 points at debt to capital in total, while cash flow to debt ratio is standing at -3.2. The debt to equity ratio resting at -0.7. The interest coverage ratio of the stock is -3.49.
Currently, EBITDA for the company is -18.21 million with net debt to EBITDA at -4.18. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. The receivables turnover for the company is 9.03for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
In conclusion, LuxUrban Hotels Inc (LUXH) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
