Linkhome Holdings Inc. (NASDAQ:LHAI – Get Free Report) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $1.00 and traded as high as $1.10. Linkhome shares last traded at $1.03, with a volume of 537,808 shares.
Analysts Set New Price Targets
Several analysts recently commented on LHAI shares. Wall Street Zen upgraded Linkhome to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings raised shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Linkhome has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Linkhome
Linkhome Stock Down 10.7%
The stock has a fifty day simple moving average of $1.00 and a 200-day simple moving average of $1.20. The stock has a market cap of $15.21 million, a P/E ratio of -30.67 and a beta of -0.07.
Linkhome (NASDAQ:LHAI – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $5.41 million during the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%.
Insider Transactions at Linkhome
In other Linkhome news, major shareholder Innovation Foundation Us sold 3,020,000 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $0.53, for a total value of $1,600,600.00. Following the transaction, the insider directly owned 800,000 shares of the company’s stock, valued at approximately $424,000. The trade was a 79.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Zhen Qin sold 625,000 shares of Linkhome stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $0.80, for a total value of $500,000.00. Following the transaction, the chief executive officer directly owned 3,820,000 shares in the company, valued at approximately $3,056,000. The trade was a 14.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 31.24% of the company’s stock.
About Linkhome
Linkhome Holdings Limited (NASDAQ:LHAI) is a China-based real estate services company that operates an integrated platform for residential property transactions and related services. The company connects property owners, buyers, tenants and other participants in the housing market through online and offline channels.
Linkhome’s business activities include real estate brokerage services for new and existing homes, residential leasing and other property-related services. The company also offers associated services intended to support customers throughout the housing process, including property management and home-related services.
The company primarily serves the residential real estate market in China.
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