With 35.13M Outstanding Shares, Can Hour Loop Inc (NASDAQ: HOUR) Deliver Big Short-Term Gains?

Hour Loop Inc (NASDAQ:HOUR) currently has a daily average trading volume of 1.70M but it saw 124473 shares traded in last market. With a market cap of 76.61M USD, the company’s current market price of $2.18 came falling about -5.22 while comparing to the previous closing price of $2.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.90 and as low as $0.83. In the recent trading on the day, stock has struck highest price mark of $2.02 while lowest mark touched by it was $2.29.

Taking a look at 20-day trading activity of Hour Loop Inc (HOUR) gives us an average price of $2.14, while its current price level is -68.41% below from 52-week high level whereas it is 162.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.73 while that of 200 days or SMA-200 reads an average of $1.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.65% during that period while stretching the period over a month that increases to 27.24%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.12 which implies that the stock is in neutral territory.

Over the week, HOUR’s stock price is moving -3.11% down while it is 58.06% when we observe its performance for the past one month. Year-to-date it is -3.11% down and over the past year, the stock is showing an upside performance of 59.42%.

Currently, Hour Loop Inc’s total number of outstanding shares is 35.13M. Company’s return on investment (ROI) stands at 16.34% and return on equity (ROE) at 30.82%. It has a price to earnings ratio (P/E ratio) of 43.17. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 11.45 while price to sale or P/S ratio amounts to 0.53. Its return on asset (ROA) is 5.91% on average.