LightInTheBox (NYSE:LITB) Receives a Buy Rating from Analysts at StockNews.com

On March 12, 2025, analysts at StockNews.com announced that they have initiated coverage on LightInTheBox (NYSE:LITB). In their recent research note, they assigned a "buy" rating to the shares of this technology company, indicating their positive outlook on the stock's future performance.

Recent Stock Performance

LightInTheBox's stock opened at $1.00 on Wednesday. The company has a 50-day moving average price of $1.17 and a 200-day average price of $1.95. Currently, LightInTheBox has a market capitalization of approximately $18.39 million and reports a price-to-earnings ratio of -2.86, alongside a beta of 0.91. Over the past 12 months, the stock has reached a low of $0.91, while it peaked at $6.00.

The last earnings report for LightInTheBox was on December 10, where the company announced earnings of $0.01 per share for the most recent quarter.

Investment Insights from Hedge Funds

Recently, Garden State Investment Advisory Services LLC made a move by purchasing a new stake in LightInTheBox during the third quarter. According to their report to the Securities and Exchange Commission, the hedge fund acquired 11,663 shares of the company, which were valued at around $34,000 at the time of purchase. This investment accounts for approximately 0.06% ownership of LightInTheBox by Garden State Investment Advisory Services LLC. It is noted that institutional investors and hedge funds collectively hold about 56.77% of the company's stock.

About LightInTheBox

LightInTheBox Holding Co., Ltd., along with its subsidiaries, serves as an online retailer delivering a wide range of products directly to consumers worldwide. Their offerings include apparel as well as various types of general merchandise, such as small gadgets and accessories, home and garden products, toys and hobbies, electronics, and communication devices.

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