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Why InnSuites Hospitality Trust (IHT) Stock Could See Much Higher Prices Ahead

InnSuites Hospitality Trust (AMEX: IHT) is 37.16% higher on its value in year-to-date trading and has touched a low of $1.98 and a high of $5.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IHT stock was last observed hovering at around $3.06 in the last trading session, with the day’s loss setting it -0.07%.

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Currently trading at $2.99, the stock is 5.69% and 11.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16185.0 and changing -2.29% at the moment leaves the stock -4.01% off its SMA200. IHT registered -52.46% loss for a year compared to 6-month gain of 18.65%. The firm has a 50-day simple moving average (SMA 50) of $5.03 and a 200-day simple moving average (SMA200) of $25.97.

The stock witnessed a 5.28% loss in the last 1 month and extending the period to 3 months gives it a -1.97%, and is 5.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.25% over the week and 13.22% over the month.

InnSuites Hospitality Trust (IHT) has around 49 employees, a market worth around $27.90M and $7.10M in sales. Current P/E ratio is 49.02. Profit margin for the company is 7.70%. Distance from 52-week low is 51.01% and -49.92% from its 52-week high. The company has generated returns on investments over the last 12 months (13.10%).

InnSuites Hospitality Trust is expected to release its quarterly report on 10/20/2022.The EPS is expected to grow by 115.70% this year.

InnSuites Hospitality Trust (IHT) Top Institutional Holders

The shares outstanding are 9.09M, and float is at 2.88M with Short Float at 0.93%.

InnSuites Hospitality Trust (IHT) Insider Activity

A total of 2 insider transactions have happened at InnSuites Hospitality Trust (IHT) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by Chase JR,the company’sTRUSTEE. SEC filings show that Chase JR bought 5,000 shares of the company’s common stock on May 31 at a price of $2.08 per share for a total of $10406.0. Following the purchase, the insider now owns 29657.0 shares.

InnSuites Hospitality Trust disclosed in a document filed with the SEC on May 31 that WIRTH JAMES F (President/Chairman/CEO) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 31 and was made at $2.17 per share for $10862.0. Following the transaction, the insider now directly holds 5.88 million shares of the IHT stock.

InnSuites Hospitality Trust (IHT): Who are the competitors?

The company’s main competitors (and peers) include Duke Realty Corporation (DRE) that is trading 13.36% up over the past 12 months and Hersha Hospitality Trust (HT) that is -6.76% lower over the same period. Sotherly Hotels Inc. (SOHO) is -28.73% down on the 1-year trading charts.

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