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In a challenging market environment, MHI Hospitality Corporation (SOHO) stock has touched a 52-week low, with shares plummeting to $0.76. According to InvestingPro data, the company’s financial health score stands at 2.45 (FAIR), with notably low EBITDA and revenue valuation multiples. This significant downturn reflects a broader trend of investor caution, as the company’s stock has experienced a steep 1-year change, declining by 46.48%. The hospitality sector has faced numerous headwinds, and SOHO’s recent price level underscores the impact of these industry-wide pressures. With a market capitalization of just $15.19 million and a concerning current ratio of 0.81, investors are closely monitoring the company’s performance for signs of recovery or further decline in the coming quarters. For deeper insights into SOHO’s valuation and 8 additional key ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Sotherly Hotels (NASDAQ:SOHO) Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $43.95 million, which missed the forecasted $44.4 million. The company’s earnings per share stood at -$0.16, aligning with expectations. Despite the revenue miss, Sotherly Hotels’ total revenue increased by 4.3% year-over-year to $44 million, and hotel EBITDA rose by 3.6% to $10.7 million. The full-year 2024 revenue reached $182 million, marking a 4.6% increase from the previous year. The company’s adjusted funds from operations saw a decrease of $850,000 due to higher interest costs. Sotherly Hotels is planning significant renovations in Philadelphia and Jacksonville, with projected completion dates in 2026 and 2027, respectively. Looking ahead, the company projects total revenue for 2025 to range from $183.4 million to $188.2 million, with hotel EBITDA expected to be between $48.8 million and $49.6 million. Piper Sandler analysts discussed potential stock reverse splits to maintain NASDAQ listing, a topic addressed by the company’s executives as a possibility.
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