LQR House Shares to Reverse Split on Monday, July 13th (NASDAQ:YHC)

LQR House Inc. (NASDAQ:YHC) shares are scheduled to reverse split on Monday, July 13th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 12th.

LQR House Stock Down 20.3%

Shares of YHC stock traded down $0.01 during trading hours on Thursday, hitting $0.03. 121,925,508 shares of the company’s stock traded hands, compared to its average volume of 69,431,824. The stock’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $0.85. The stock has a market cap of $410,892.00, a PE ratio of -0.02 and a beta of 3.20. LQR House has a 12 month low of $0.03 and a 12 month high of $11.14.

LQR House (NASDAQ:YHC) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. LQR House had a negative return on equity of 45.42% and a negative net margin of 1,769.54%.The business had revenue of $0.22 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LQR House in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LQR House stock. Geode Capital Management LLC acquired a new position in shares of LQR House Inc. (NASDAQ:YHC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned 0.21% of LQR House as of its most recent SEC filing.

About LQR House

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.