In Wednesday’s Wall Street session, Lulus Fashion Lounge Holdings Inc (NASDAQ:LVLU) shares traded at $0.28, up 15.38% from the previous session.
LVLU stock price is now -31.39% away from the 50-day moving average and -68.31% away from the 200-day moving average. The market capitalization of the company currently stands at $12.02M.
With the price target reduced from $3 to $2, Telsey Advisory Group maintained Market Perform rating for Lulus Fashion Lounge Holdings Inc (NASDAQ: LVLU). On August 09, 2023, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $4 to quote $3, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, Smith Tiffany Rose, Chief Financial Officer sold 200 shares of the company’s stock on Dec 04 ’24. The stock was sold for $247 at an average price of $1.24. Upon completion of the transaction, the Chief Financial Officer now directly owns 340,694 shares in the company, valued at $95394.32. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Chief Financial Officer Smith Tiffany Rose sold 47 shares of the business’s stock. A total of $58 was realized by selling the stock at an average price of $1.23. This leaves the insider owning 340,647 shares of the company worth $95381.16. A total of 63.90% of the company’s stock is owned by insiders.
During the past 12 months, Lulus Fashion Lounge Holdings Inc has had a low of $0.22 and a high of $1.93. As of last week, the company has a debt-to-equity ratio of 4.84, a current ratio of 0.68, and a quick ratio of 0.20.
The net profit margin was -19.01% and return on equity was -179.00% for LVLU. The company reported revenue of $64.16 million for the quarter, compared to $77.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.96 percent.
