Sotherly Hotels Inc Preferred Shares Series C Financial Performance Highlights
In the NASDAQ exchange, Sotherly Hotels Inc Preferred Shares Series C (SOHOO) commands attention with its recent stock performance. The current stock price sits at $18.87, closely shadowed by its opening at $18.99 and peaking at $19.225. A trading volume of 1,363 shares underscores the investor interest in this stock, hailing from Williamsburg, Virginia.
The company, established in 2004, boasts a market capitalization of $28,781,282.95, maintaining an average trading volume of 1,168 shares. This stock performance comes amid a backdrop of fluctuating market conditions, as observed in the company's stock history over the past six months.
Stock Price Volatility and Historical Performance
Sotherly Hotels Inc Preferred Shares Series C exhibited price volatility over the last six months, ranging from a high of $24.95 to a low of $18.5047. The most up-to-date stock price stands at $18.87, marking a 0% change in the most recent period. The fluctuating stock price, coupled with an average trading volume of 1,168 shares, reflects a period of active market engagement.
A Closer Look at Financials and Cash Flow
Diving deep into the financial well-being, the recent quarter reveals a cash and short-term investments balance of $17,101,993. With total assets amounting to $393,877,158 and liabilities at $345,978,499, the company's total equity stands at $47,898,659. These numbers spotlight a formidable foundation, notwithstanding a price-to-book ratio of -6.8123.
From an earnings perspective, the latest quarter showcased a revenue of $42,148,083, juxtaposed with operating expenses of $6,352,107. This operational dynamic culminated in a net income of -$688,658, echoing a net profit margin of -1.63% and an earnings per share count of -$0.14. The EBITDA figure of $8,610,237 reinforces the company’s effectiveness in managing its earnings before interest, taxes, depreciation, and amortization.
Investment Considerations and Market Outlook
As Sotherly Hotels Inc Preferred Shares Series C navigates through the challenges and opportunities presented in the market, its financial reports and stock performance delineate a narrative of resilience and potential volatility. With comprehensive financial health and a nuanced understanding of operational expenditures, investors are positioned to scrutinize the investment landscape with a detailed lens on Sotherly Hotels' prospects. Despite the recent fluctuations, the foundational strength evident in the balance sheets and income statements could signal robust future possibilities for the astute investor.
