Hour Loop (NASDAQ:HOUR) Issues Earnings Results

Hour Loop (NASDAQ:HOUR) posted its earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. Hour Loop had a net margin of 0.59% and a return on equity of 12.96%. The company had revenue of $56.08 million during the quarter.

Hour Loop Trading Up 0.5%

Shares of NASDAQ HOUR opened at $1.90 on Wednesday. Hour Loop has a 12-month low of $1.10 and a 12-month high of $6.84. The company has a market cap of $66.85 million, a PE ratio of 63.36 and a beta of 1.43. The stock has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $2.16.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hour Loop stock. Virtu Financial LLC purchased a new position in shares of Hour Loop, Inc. (NASDAQ:HOUR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,380 shares of the company’s stock, valued at approximately $26,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hour Loop in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hour Loop Company Profile

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.