Hour Loop (NASDAQ:HOUR) Shares Up 0.5% - Should You Buy?

Key Points

• Shares rose 0.5% to $1.9001 on Tuesday but trading was thin — about 1,947 shares (-74% vs. average); the stock is near its 50‑day MA ($1.87) but still below its 200‑day MA ($2.16).
• Weiss Ratings reissued a “Sell (D+)” and the consensus rating on MarketBeat is a Sell (based on one analyst).
• Key fundamentals: market cap $66.85M, P/E 63.36, last quarter EPS of ($0.02) on $56.08M revenue; Two Sigma bought 54,226 shares, yet institutional ownership remains very low (~0.31%).

Shares of Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) rose 0.5% on Tuesday . The company traded as high as $1.9079 and last traded at $1.9001. Approximately 1,947 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 7,568 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Hour Loop in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Hour Loop Price Performance

The company has a market capitalization of $66.85 million, a price-to-earnings ratio of 63.36 and a beta of 1.43. The business has a fifty day moving average price of $1.87 and a 200 day moving average price of $2.16.

Hour Loop (NASDAQ:HOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 24th. The company reported ($0.02) earnings per share for the quarter. Hour Loop had a return on equity of 12.96% and a net margin of 0.59%.The company had revenue of $56.08 million during the quarter.

Institutional Trading of Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP bought a new position in shares of Hour Loop, Inc. (NASDAQ:HOUR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,226 shares of the company's stock, valued at approximately $159,000. Two Sigma Investments LP owned approximately 0.15% of Hour Loop as of its most recent filing with the Securities and Exchange Commission (SEC). 0.31% of the stock is currently owned by institutional investors and hedge funds.

About Hour Loop

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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