Hour Loop Inc [NASDAQ: HOUR] stock went on an upward path that rose over 48.82% on Thursday, amounting to a one-week price increase of more than 27.44%.
Over the last 12 months, HOUR stock dropped by -16.00%. The one-year Hour Loop Inc stock forecast points to a potential downside of -8.0. The average equity rating for HOUR stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $66.47 million, with 35.16 million shares outstanding and 1.70 million shares in the current float. Compared to the average trading volume of 157.25K shares, HOUR stock reached a trading volume of 7284464 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Hour Loop Inc [HOUR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOUR shares is $1.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOUR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Price to Book ratio for the last quarter was 9.28, with the Price to Cash per share for the same quarter was set at 0.01.
HOUR Stock Performance Analysis:
Hour Loop Inc [HOUR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.44. With this latest performance, HOUR shares gained by 8.62% in over the last four-week period, additionally plugging by 8.62% over the last 6 months – not to mention a drop of -16.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOUR stock in for the last two-week period is set at 61.57, with the RSI for the last a single of trading hit 0.1588, and the three-weeks RSI is set at 0.1322 for Hour Loop Inc [HOUR]. The present Moving Average for the last 50 days of trading for this stock 1.6614, while it was recorded at 1.4711 for the last single week of trading, and 1.6627 for the last 200 days.
Insight into Hour Loop Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Hour Loop Inc [HOUR] shares currently have an operating margin of 0.58% and a Gross Margin at 51.53%. Hour Loop Inc’s Net Margin is presently recorded at 0.56%.
Hour Loop Inc (HOUR) Capital Structure & Debt Analysis
According to recent financial data for Hour Loop Inc. ( HOUR), the Return on Equity (ROE) stands at 11.60%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 3.59%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Hour Loop Inc’s Return on Invested Capital (ROIC) is 10.71%, showcasing its effectiveness in deploying capital for earnings.
Hour Loop Inc (HOUR) Efficiency & Liquidity Metrics
Based on Hour Loop Inc’s (HOUR) latest financial statements, the Debt-to-Equity Ratio is 0.90%, indicating its reliance on debt financing relative to shareholder equity.
Hour Loop Inc (HOUR) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Hour Loop Inc. (HOUR) effectively leverages its workforce, generating an average of $5099.34 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.42% and a Quick Ratio of 0.07%, indicating strong ability to cover short-term liabilities.
Hour Loop Inc [HOUR] Institutonal Ownership Details
There are presently around $0.19%, or 3.98%% of HOUR stock, in the hands of institutional investors. The top three institutional holders of HOUR stocks are: CITADEL ADVISORS LLC with ownership of 24789.0 shares, which is approximately 0.0706%. GEODE CAPITAL MANAGEMENT, LLC, holding 19584.0 shares of the stock with an approximate value of $$18291.0 in HOUR stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$12142.0 in HOUR stock with ownership which is approximately 0.037%.
