LQR House (NASDAQ:YHC) Trading Down 3.4% – Here’s Why

LQR House Inc. (NASDAQ:YHC)’s stock price dropped 3.4% during trading on Friday . The stock traded as low as $0.9134 and last traded at $0.9260. Approximately 104,148 shares changed hands during trading, a decline of 37% from the average daily volume of 165,627 shares. The stock had previously closed at $0.9590.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LQR House in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, LQR House has a consensus rating of “Sell”.

LQR House Stock Down 3.4%

The firm has a market capitalization of $13.08 million, a PE ratio of -0.01 and a beta of 4.38. The business has a 50-day moving average price of $0.89 and a 200-day moving average price of $1.19.

Insider Activity

In other news, President Yilin Lu purchased 2,000,000 shares of LQR House stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $0.90 per share, with a total value of $1,800,000.00. Following the transaction, the president owned 2,000,537 shares in the company, valued at $1,800,483.30. This represents a 372,439.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

LQR House Company Profile

LQR House, Inc provides digital marketing and brand development for alcoholic beverage space. It intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy to use platform and become the one-stop-shop for everything related to alcohol. The company was founded on January 11, 2021 and is headquartered in Miami Beach, FL.