Lulu’s Fashion Lounge (NASDAQ:LVLU) Trading Down 11.1% – Here’s Why

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) shares dropped 11.1% on Thursday . The company traded as low as $0.45 and last traded at $0.45. Approximately 82,086 shares were traded during trading, an increase of 62% from the average daily volume of 50,808 shares. The stock had previously closed at $0.51.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group dropped their price objective on shares of Lulu’s Fashion Lounge from $2.00 to $1.00 and set a “market perform” rating for the company in a research note on Friday, March 28th.

Lulu’s Fashion Lounge Trading Down 11.1%

The firm has a market capitalization of $19.34 million, a PE ratio of -0.33 and a beta of 0.43. The stock’s 50 day moving average price is $0.43 and its two-hundred day moving average price is $0.68.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last released its earnings results on Wednesday, May 14th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The firm had revenue of $64.16 million during the quarter, compared to analysts’ expectations of $68.17 million. Lulu’s Fashion Lounge had a negative return on equity of 103.82% and a negative net margin of 19.01%. Analysts expect that Lulu’s Fashion Lounge Holdings, Inc. will post -0.74 earnings per share for the current year.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.