Linkhome (NASDAQ:LHAI) Shares Down 8.2% – Should You Sell?

Linkhome Holdings Inc. (NASDAQ:LHAI) shares fell 8.2% on Thursday . The stock traded as low as $0.6524 and last traded at $0.6524. Approximately 33,071 shares traded hands during trading, a decline of 39% from the average session volume of 54,305 shares. The stock had previously closed at $0.7105.

Linkhome Trading Down 8.2%

The company has a market capitalization of $10.59 million and a price-to-earnings ratio of -32.62. The stock’s fifty day simple moving average is $0.96 and its 200-day simple moving average is $2.87.

Linkhome (NASDAQ:LHAI) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.01) EPS for the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.The business had revenue of $4.91 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LHAI. 683 Capital Management LLC purchased a new stake in Linkhome during the 4th quarter worth about $573,000. OMERS ADMINISTRATION Corp acquired a new stake in Linkhome in the 4th quarter valued at about $175,000. Cerity Partners LLC purchased a new position in shares of Linkhome in the 4th quarter valued at about $91,000. Goldman Sachs Group Inc. purchased a new position in shares of Linkhome in the 4th quarter valued at about $101,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Linkhome during the fourth quarter worth about $87,000.

About Linkhome

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.