Hour Loop Inc (NASDAQ: HOUR) has experienced a rise in its stock price by 30.00 compared to its previous closing price of 1.40. However, the company has seen a gain of 37.88% in its stock price over the last five trading days. globenewswire.com reported 2024-05-06 that Returns to Profitability Despite Warning Signs for the Overall Economy Provides Full Year 2024 Revenue and Net Income Guidance Redmond, WA, May 06, 2024 (GLOBE NEWSWIRE) — Hour Loop, Inc. (NASDAQ: HOUR) (“Hour Loop”), a leading online retailer, announces its financial and operational results for the quarter ended March 31, 2024. Financial Highlights for First Quarter 2024: Net revenues increased 17.2% to $24.7 million, compared to $21.1 million in the year-ago period; Net income totaled $1.1 million, compared to net loss of $1.2 million in the year-ago period; and Cash provided for operating activities was $0.5 million, compared to cash used in operating activities of $3.3 million in the year-ago period.
Is It Worth Investing in Hour Loop Inc (NASDAQ: HOUR) Right Now?
The price-to-earnings ratio for Hour Loop Inc (NASDAQ: HOUR) is above average at 36.04x. The 36-month beta value for HOUR is also noteworthy at 1.26. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HOUR is 1.71M, and at present, short sellers hold a 1.45% of that float. The average trading volume of HOUR on November 14, 2024 was 12.53K shares.
HOUR’s Market Performance
The stock of Hour Loop Inc (HOUR) has seen a 37.88% increase in the past week, with a 27.20% rise in the past month, and a 36.84% gain in the past quarter. The volatility ratio for the week is 12.05%, and the volatility levels for the past 30 days are at 5.62% for HOUR. The simple moving average for the past 20 days is 26.86% for HOUR’s stock, with a 50.00% simple moving average for the past 200 days.
HOUR Trading at 28.74% from the 50-Day Moving Average
After a stumble in the market that brought HOUR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.20% of loss for the given period.
Volatility was left at 5.62%, however, over the last 30 days, the volatility rate increased by 12.05%, as shares surge +24.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.93% upper at present.
During the last 5 trading sessions, HOUR rose by +37.88%, which changed the moving average for the period of 200-days by +39.76% in comparison to the 20-day moving average, which settled at $1.4346. In addition, Hour Loop Inc saw 31.49% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HOUR
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.54 for the gross margin
The net margin for Hour Loop Inc stands at 0.01. The total capital return value is set at 0.24. Equity return is now at value 30.82, with 5.91 for asset returns.
Based on Hour Loop Inc (HOUR), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 21.17.
Currently, EBITDA for the company is -2.87 million with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 261.42for trailing twelve months and the total asset turnover is 4.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
In summary, Hour Loop Inc (HOUR) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
