Hour Loop Inc. (NASDAQ: HOUR) is -64.83% lower on its value in year-to-date trading and has touched a low of $1.88 and a high of $10.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HOUR stock was last observed hovering at around $2.74 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $7.00 for the next 12 months. It is also 59.86% off the consensus price target high of $7.00 offered by 1 analysts, but current levels are 59.86% higher than the price target low of $7.00 for the same period.
Currently trading at $2.81, the stock is 3.25% and -6.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 2.55% at the moment leaves the stock -13.41% off its SMA200. HOUR registered a loss of -45.12% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $1.41 and a 200-day simple moving average (SMA200) of $23.57.
The stock witnessed a -3.10% gain in the last 1 month and extending the period to 3 months gives it a -9.06%, and is 1.08% 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 11.20% over the week and 9.79% over the month.
Hour Loop Inc. (HOUR) has around 3 employees, a market worth around $104.50M and $65.80M in sales. Current P/E ratio is 32.30 and Fwd P/E is 8.26. Profit margin for the company is 5.00%. Distance from 52-week low is 49.47% and -72.80% from its 52-week high. The company has generated returns on investments over the last 12 months (176.50%).
Hour Loop Inc. (HOUR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hour Loop Inc. (HOUR) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Hour Loop Inc. is expected to release its quarterly report on 11/30/2022.The EPS is expected to grow by 74.30% this year.
Hour Loop Inc. (HOUR) Top Institutional Holders
The shares outstanding are 35.03M, and float is at 1.73M with Short Float at 24.38%.