Hour Loop Inc (NASDAQ:HOUR) does about 39.52K shares in volume on a normal day but saw 7576538 shares change hands in the recent trading day. The company now has a market cap of 55.90M USD. Its current market price is $1.59, marking an increase of 11.19% compared to the previous close of $1.43. The 52 week high reached by this stock is $6.90 whilst the lowest price level in 52 weeks is $0.83.
Hour Loop Inc (HOUR) has a 20-day trading average at $1.3343 and the current price is -76.96% off the 52-week high compared with 91.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3059 and its 200-day simple moving average is $1.6044. If we look at the stock’s price movements over the week, volatility stands at 18.14%, which decreases to 9.96% 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 65.29 to suggest the stock is neutral.
The consensus objective for the share price is $1.75, suggesting that the stock has a potential upside of 9.14% over the period.
The current price level is 19.14%, 21.74%, and -0.90% away from its SMA20, SMA50, and SMA200 respectively, with the HOUR price moving below the 50-day SMA on current market day. Hour Loop Inc (HOUR) stock is up 10.42% over the week and 28.23% over the past month. Its price is 70.05% year-to-date and -29.33% over the past year.
To reach the target analysts have set, the stock logically needs to grow 9.14 percent from here.
Outstanding shares total 35.15M with insiders holding 95.09% of the shares and institutional holders owning 0.10% of the company’s common stock. The company has a return on investment of 4.23% and return on equity of 4.34%. The price to earnings ratio (P/E ratio) amounts to 227.14. The beta has a value of 1.20. Price to book ratio is 9.61 and price to sales ratio is 0.40.
