Do Analysts Think LuxUrban Hotels Inc (LUXH) Is Still Worth Buying In 2024?

LuxUrban Hotels Inc (NASDAQ:LUXH) does about 20.34M shares in volume on a normal day but saw 14627056 shares change hands in the recent trading day. The company now has a market cap of 4.21M USD. Its current market price is $0.03, marking a decrease of -23.17% compared to the previous close of $0.04. The 52 week high reached by this stock is $6.88 whilst the lowest price level in 52 weeks is $0.03.

LuxUrban Hotels Inc (LUXH) has a 20-day trading average at $0.0448 and the current price is -99.56% off the 52-week high compared with -9.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.0603 and its 200-day simple moving average is $0.7271. If we look at the stock’s price movements over the week, volatility stands at 14.63%, which increases to 21.85% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.28 to suggest the stock is neutral.

The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 99.0% over the period.

The current price level is -31.86%, -49.43%, and -95.81% away from its SMA20, SMA50, and SMA200 respectively, with the LUXH price moving above the 50-day SMA on current market day. LuxUrban Hotels Inc (LUXH) stock is down -24.13% over the week and -45.92% over the past month. Its price is -99.49% year-to-date and -99.40% over the past year.

To reach the target analysts have set, the stock logically needs to grow 99.0 percent from here.

Outstanding shares total 137.95M with insiders holding 17.53% of the shares and institutional holders owning 8.53% of the company’s common stock. The company has a return on investment of -74.64% and return on equity of -251.02%. The beta has a value of -1.16. Price to sales ratio is 0.05.