Can LQR House Inc (LQR) stock recover despite sales dropping?

In yesterday’s Wall Street session, LQR House Inc (NASDAQ:LQR) shares traded at $0.06, down -27.78% from the previous session.

1 analysts cover LQR House Inc (NASDAQ:LQR), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $0.09, this indicates a potential upside of 5455.56 percent. LQR stock price is now -83.84% away from the 50-day moving average and -90.58% away from the 200-day moving average.

The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.

In other news, Dollinger Sean, Chief Executive Officer bought 86,400 shares of the company’s stock on Aug 23. The stock was bought for $100,288 at an average price of $1.16. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,028,067 shares in the company, valued at $0.12 million.

On Monday morning LQR House Inc (NASDAQ: LQR) stock kicked off with the opening price of $0.1120. During the past 12 months, LQR House Inc has had a low of $0.08 and a high of $7.25. The fifty day moving average price for LQR is $0.4023 and a two-hundred day moving average price translates $0.6035 for the stock.

The latest earnings results from LQR House Inc (NASDAQ: LQR) was released for Jun, 2023.

LQR House Inc(LQR) Company Profile

LQR House Inc. provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through an exclusive agreement with an e-commerce portal. The company serves individual consumers, wholesalers, and third-party alcohol brands. LQR House Inc. was incorporated in 2021 and is based in Miami Beach, Florida.

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