LQR House (YHC, Financial) has announced that its board of directors has approved a reverse stock split at a ratio of 35-for-1. This corporate action will come into effect on April 21, with shares continuing to be traded on the Nasdaq under the existing ticker symbol "YHC." Additionally, trading will begin on a split-adjusted basis from that date onward.
The company's new CUSIP number post-split will be 50215C307. This move is part of LQR House's strategic efforts to uphold its compliance with Nasdaq's listing requirements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for LQR House Inc (YHC, Financial) is $5.00 with a high estimate of $5.00 and a low estimate of $5.00. The average target implies an upside of 2,517.80% from the current price of $0.19. More detailed estimate data can be found on the LQR House Inc (YHC) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, LQR House Inc's (YHC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
