2023-05-02 10:38:08 ET
Hour Loop ( NASDAQ: HOUR ) soared in early trading on Tuesday on a move not tied to any specific company announcement or SEC filing.
Shares of Hour Loop ( HOUR ) rose 129% on heavy volume to land at $3.62 vs. the 52-week range of $1.41 to $5.11. Short interest on HOUR is only at 2.50% of total float and the stock has seen a low level of social media interest in the past.
The e-commerce company reported Q4 earnings on March 31. Revnue was up 52.8% to $95.9M and a net loss of $1.5M was recorded. Hour Loop said that despite an uncertain economy, it continued to see strong demand for its products during the first two months of the year.
More on Hour Loop:
- Read the latest breakdowns on Hour Loop from Seeking Alpha analysts
- View the growth metrics
- See the financial and valuation comparisons to sector peers
- Dig into the Seeking Alpha Quant Rating
For further details see:
Hour Loop soars more than 120% on high-volume move