Hour Loop (NASDAQ:HOUR) Releases Quarterly Earnings Results, Meets Estimates

Hour Loop (NASDAQ:HOURGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03, FiscalAI reports. The company had revenue of $33.94 million during the quarter, compared to analyst estimates of $29.66 million. Hour Loop had a return on equity of 25.29% and a net margin of 1.28%.

Hour Loop Price Performance

Hour Loop stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.94. The company’s stock had a trading volume of 12,448 shares, compared to its average volume of 53,450. The stock has a market cap of $68.27 million, a price-to-earnings ratio of 38.81 and a beta of 1.38. The business has a 50 day moving average price of $1.90 and a 200-day moving average price of $1.94. Hour Loop has a 12 month low of $1.24 and a 12 month high of $6.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hour Loop stock. Virtu Financial LLC bought a new stake in shares of Hour Loop, Inc. (NASDAQ:HOURFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,380 shares of the company’s stock, valued at approximately $26,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Hour Loop from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, Hour Loop has a consensus rating of “Hold”.

View Our Latest Stock Report on HOUR

About Hour Loop

(Get Free Report)

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells products in various categories, including home/garden décor, toys, kitchenware, apparels, and electronics products. It sells its products through hourloop.com, as well as third-party marketplaces. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.

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Earnings History for Hour Loop (NASDAQ:HOUR)

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