LightInTheBox Holding Stock (NYSE:LITB), Trade Ideas

LightInTheBox Holding

LightInTheBox Holding Co Ltd is an online retail company delivering products directly to consumers across the world. It provides apparel products including customized, special occasion and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home and garden products, electronics and communication devices, and other products. The company is engaged in product sales which consisted of online retailing of consumer products. It also provides services which consisted of the provision of logistic services to e-commerce retailers and small businesses. Geographically, it operates in Europe which is the key revenue driver, North America, and other countries.

LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing 2 ordinary shares

LightInTheBox Holding Co Ltd

LightInTheBox Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported a fourth-quarter FY23 sales decline of 13.3% year-on-year to $135.6 million <a href="https://www.benzinga.com/pressreleases/24/03/n37909073/lightinthebox-announces-1-fourth-quarter-and-full-year-2023-financial-results-and-2-receipt-of-non" target="_blank" rel="noreferrer noopener">versus sales of $156.42 million last year</a>.
Product sales decreased 14.3% to $130.9 million, and Services and others sales rose to $4.6 million. Sales from apparel decreased by 12.4% to $108.5 million in the fourth quarter of 2023.
The gross margin for the quarter expanded 170 basis points to 55.6%, and the gross profit fell 10.7% to $75.4 million.
The operating expense decreased 10.2% Y/Y to $80.2 million. The operating loss for the quarter remained flat at $(4.9) million.
Adjusted EBITDA for the quarter was $(3.3) million versus $(3.8) million last year. Loss per American Depositary Share (ADS) was $(0.04) versus $(0.43) last year.
The company held $71.7 million in cash and equivalents as of December 31, 2023. As of March 20, 2024, the company has repurchased 2.5 million ADSs with a total aggregate value of approximately $3.0 million.
&#8220;Our continuous efforts and investments in our proprietary technologies and data analytics capabilities enabled us to better align our products, services and marketing strategies with consumer preferences and demands,&#8221; said Chairman CEO Jian He.
Outlook: For the first quarter of 2024, the company sees net revenues of $70 million &#8211; $80 million.
Price Action: LITB shares closed higher by 4.94% at $0.7929 on Friday.

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Guidance

General

LITB

Apparel e-Commerce Retailer LightInTheBox Posts 13% Revenue Decline In Q4, Reveals NYSE Non-Compliance Letter

Business Outlook
For the first quarter of 2024, based on current information available to the Company and business seasonality, the Company expects net revenues to be between&nbsp;$70 million&nbsp;and&nbsp;$80 million.

LightInTheBox Expects Q1 2024 Net Revenues Of $70M-$80M

LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported quarterly earnings of $0.04 per share. This is a 42.86 percent decrease over earnings of $0.07 per share from the same period last year. The company reported $135.60 million in sales this quarter. This is a 13.31 percent decrease over sales of $156.42 million the same period last year.

LightInTheBox Holding Q4 EPS $0.04 Down From $0.07 YoY, Sales $135.60M Down From $156.42M YoY

<h3>Gainers</h3>
<ul>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) stock moved upwards by 31.5% to $2.84 during Monday's regular session. The company's market cap stands at $13.0 million. </li>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) stock increased by 26.44% to $0.8. The market value of their outstanding shares is at $55.1 million. The company's, Q3 earnings came out 4 days ago. </li>
<li>Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) shares increased by 20.64% to $20.98. The company's market cap stands at $5.7 billion. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) stock moved upwards by 15.63% to $0.39. The market value of their outstanding shares is at $18.9 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>JX Luxventure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXJT#NASDAQ">JXJT</a>) shares increased by 13.16% to $1.5. The company's market cap stands at $9.1 million. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) shares increased by 10.09% to $1.2. The company's market cap stands at $136.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Esports Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMBLP#NASDAQ">GMBLP</a>) stock fell 49.0% to $2.5 during Monday's regular session. </li>
<li>U Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCAR#NASDAQ">UCAR</a>) shares fell 28.15% to $0.28. The market value of their outstanding shares is at $17.5 million. </li>
<li>Farfetch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTCH#NYSE">FTCH</a>) stock fell 26.02% to $0.91. The company's market cap stands at $359.8 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares declined by 22.79% to $0.08. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock declined by 17.58% to $0.19. The company's market cap stands at $9.2 million. </li>
<li>Xponential Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) stock fell 15.1% to $9.0. The market value of their outstanding shares is at $278.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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LightInTheBox Expects Q4 Revenue Between $130M And $145M, Company May Repurchase Up To $10M Of Its Ordinary Shares In the Form Of ADSs No Later Than December 31, 2023

LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported $154.32 million in sales this quarter. This is a 27.51 percent increase over sales of $121.03 million the same period last year.

LightInTheBox Holding Q3 Sales $154.32M Up From $121.03M YoY, Quarterly Sales Were Led By Apparel Sales Of $127M

For the&nbsp;third quarter&nbsp;of 2023, based on current information available to the Company and business seasonality, the Company expects net revenues to be between&nbsp;$145 million&nbsp;and&nbsp;$160 million.

LightInTheBox Holding Co Expects Q3 Net Revenue of $145M-$160M

LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported quarterly losses of $(0.01) per share. This is a 50 percent increase over losses of $(0.02) per share from the same period last year. The company reported $191.77 million in sales this quarter. This is a 44.89 percent increase over sales of $132.35 million the same period last year.

LightInTheBox Holding Q2 EPADS $(0.01) Up From $(0.02) YoY, Sales $191.77M Up From $132.35M YoY

Buybacks

LightInTheBox Plans Repurchase Up To $10M Of Its Ordinary Shares In The Form Of ADS No Later Than December 31, 2023

LightInTheBox  Q2 FY23 Revenue Of  $180M - $200M

LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported quarterly adjusted losses of $(0.03) per share. This is a 40 percent increase over losses of $(0.05) per share from the same period last year. The company reported $147.80 million in sales this quarter. This is a 57.62 percent increase over sales of $93.77 million the same period last year.

LightInTheBox Holding Q1 Adj EPS $(0.03) Up From $(0.05) YoY, Sales $147.80M Up From $93.77M YoY

LightInTheBox Holding Co.,&nbsp;Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) (&quot;LightInTheBox&quot; or the &quot;Company&quot;), a global online retail company that delivers products directly to consumers around the world, announced that:
(i)&nbsp; &nbsp; &nbsp;&nbsp;Zhi Yan&nbsp;(&quot;Mr. Yan&quot;) has resigned as the chairman of the board of director (the &quot;Board&quot;), a director of the Company (the &quot;Director&quot;) and a member of the corporate governance and nominating committee of the Board due to personal reasons, effective&nbsp;March 29, 2023; and
(ii)&nbsp; &nbsp; &nbsp;Gang Yu (&quot;Dr. Yu&quot;) has resigned as a Director and a member of the compensation committee of the Board due to personal reasons, effective&nbsp;March 29, 2023.
Each of Mr. Yan and Dr. Yu has confirmed that he has no disagreement with the Board, the board committees of the Company, the Company, and there is no other matter relating to his resignation as the Director that needs to be brought to the attention of holders of securities of the Company or The New York Stock Exchange.
The Board further announce that:
(i)&nbsp; &nbsp; &nbsp; Mr.&nbsp;Jian He&nbsp;(&quot;Mr. He&quot;) has been appointed as the chairman of the Board, effective&nbsp;March 29, 2023.
(ii)&nbsp; &nbsp; &nbsp;Ms.&nbsp;Ge Yan&nbsp;(&quot;Ms. Yan&quot;) has been appointed as a Director, effective&nbsp;March 29, 2023; and
(iii)&nbsp; &nbsp; Mr.&nbsp;Wei Yu&nbsp;(&quot;Mr. Yu&quot;) has been appointed as a Director, effective&nbsp;March 29, 2023.
Mr. He is currently the chief executive officer and Director of the Company.

Management

LightInTheBox Appoints CEO Jian He as Chairman Effective March 29 After Zhi Yan Resigns Due To Personal Reasons

LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported quarterly adjusted earnings of $0.07 per share. This is unchanged from the same period last year.

LightInTheBox Q4 Adj. EPS $0.07, Same YoY. Adj. EPS Excludes Impairment Loss On Equity Investment In Shenzhen Maikailai Technologies

LightInTheBox Sees Q1 Revenue Of $135M - $145M

LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported quarterly losses of $(0.43) per share. This is a 714.29 percent decrease over earnings of $0.07 per share from the same period last year. The company reported $156.40 million in sales this quarter. This is a 38.22 percent increase over sales of $113.15 million the same period last year.

LightInTheBox Holding Q4 EPS $(0.43) Down From $0.07 YoY, Sales $156.40M Up From $113.15M YoY

<h3>Gainers</h3>
<ul>
<li>REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) shares moved upwards by 13.7% to $0.41 during Wednesday's pre-market session. The company's market cap stands at $101.1 million. </li>
<li>Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) shares increased by 11.49% to $0.23. The company's market cap stands at $40.8 million. </li>
<li>Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares increased by 11.47% to $115.05. The company's market cap stands at $180.0 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) stock rose 8.45% to $3.06. The market value of their outstanding shares is at $198.8 million. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares increased by 7.96% to $0.24. The market value of their outstanding shares is at $12.3 million. </li>
<li>Six Flags Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>) shares rose 7.55% to $22.5. The company's market cap stands at $1.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) shares declined by 15.6% to $5.65 during Wednesday's pre-market session. The company's market cap stands at $2.1 billion. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares decreased by 13.59% to $0.46. The company's market cap stands at $2.7 million. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) stock declined by 7.51% to $1.48. The market value of their outstanding shares is at $167.3 million. </li>
<li>Regis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGS#NYSE">RGS</a>) stock decreased by 6.15% to $1.07. The market value of their outstanding shares is at $48.7 million. </li>
<li>XWELL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) shares decreased by 4.04% to $0.39. The company's market cap stands at $32.4 million. </li>
<li>Meiwu Technology Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) shares fell 3.11% to $1.87. The company's market cap stands at $91.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) shares rose 11.8% to $7.3 during Tuesday's pre-market session. The market value of their outstanding shares is at $2.7 billion. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) shares rose 8.64% to $1.76. The company's market cap stands at $199.0 million. </li>
<li>Party City Holdco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRTY#NYSE">PRTY</a>) stock rose 6.83% to $0.4. The market value of their outstanding shares is at $45.3 million. </li>
<li>Esports Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMBL#NASDAQ">GMBL</a>) shares rose 6.37% to $0.09. The company's market cap stands at $6.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Wag Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) stock fell 7.6% to $2.81 during Tuesday's pre-market session. The company's market cap stands at $103.3 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) stock declined by 7.31% to $2.03. The company's market cap stands at $103.6 million. </li>
<li>Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) stock declined by 6.8% to $3.02. The company's market cap stands at $782.2 million. </li>
<li>Golden Sun Education Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) shares decreased by 6.77% to $0.95. The company's market cap stands at $17.4 million. </li>
<li>TAL Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) stock declined by 5.21% to $7.65. The market value of their outstanding shares is at $4.9 billion. </li>
<li>Melco Resorts and Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLCO#NASDAQ">MLCO</a>) shares decreased by 4.69% to $10.55. The market value of their outstanding shares is at $4.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) shares moved upwards by 38.8% to $0.86 during Friday's regular session. The current volume of 455.6K shares is 283.3% of Kidpik's average full-day volume over the last 100 days (last updated at 12:30 EST). The company's market cap stands at $6.6 million. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) stock increased by 23.54% to $0.31. Trading volume for Cazoo Gr's stock is 2.8 million as of 12:30 EST. This is 140.9% of its average full-day volume over the last 100 days. The company's market cap stands at $237.8 million. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares moved upwards by 19.69% to $6.32. The current volume of 3.3 million shares is 752.2% of Digital Brands Group's average full-day volume over the last 100 days (last updated at 12:30 EST). The company's market cap stands at $6.7 million. </li>
<li>Singing Machine Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) stock increased by 16.17% to $5.46. The market value of their outstanding shares is at $16.9 million. </li>
<li>Muscle Maker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRIL#NASDAQ">GRIL</a>) stock rose 11.48% to $0.39. As of 12:30 EST, this security is trading at a volume of 397.2K shares, making up 258.5% of its average full-day volume over the last 100 days. The company's market cap stands at $11.2 million. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) shares increased by 9.16% to $1.31. Trading volume for LightInTheBox Holding's stock is 124.9K as of 12:30 EST. This is 92.1% of its average full-day volume over the last 100 days. The company's market cap stands at $148.1 million. The company's, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) stock declined by 35.0% to $1.67 during Friday's regular session. Trading volume for Cango's stock is 1.7 million as of 12:30 EST. This is 1267.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $231.6 million. </li>
<li>Super Group (SGHC) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) stock decreased by 10.36% to $3.25. Super Group (SGHC)'s stock is trading at a volume of 321.4K shares as of 12:30 EST. This is 189.4% of its average full-day volume over the last 100 days. The company's market cap stands at $1.5 billion. As per the press release, Q3 earnings came out 3 days ago. </li>
<li>Oriental Culture Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCG#NASDAQ">OCG</a>) shares decreased by 10.33% to $0.52. The company's market cap stands at $11.0 million. </li>
<li>Esports Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMBL#NASDAQ">GMBL</a>) shares fell 8.17% to $0.11. Trading volume for Esports Entertainment's stock is 2.4 million as of 12:30 EST. This is 58.7% of its average full-day volume over the last 100 days. The company's market cap stands at $8.0 million. </li>
<li>Spruce Power Holding Corporation Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPRU#NYSE">SPRU</a>) shares decreased by 7.22% to $0.9. Trading volume for this security as of 12:30 EST is 167.7K, which is 26.2% of its average full-day volume over the last 100 days. </li>
<li>Mondee Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOND#NASDAQ">MOND</a>) shares declined by 6.4% to $8.05. The market value of their outstanding shares is at $662.2 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) reported quarterly sales of $121.00 million which beat the analyst consensus estimate of $78.49 million by 54.16 percent. This is a 22.59 percent increase over sales of $98.70 million the same period last year.

LightInTheBox Holding Q3 EPS $0.00, Sales $121.00M Beat $78.49M Estimate

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Shares of retail & apparel stocks are trading higher following softer-than-expected October inflation data. This has raised hopes of lighter Fed policy, which could help consumer spending on non-essential goods.

LightInTheBox Holding Co., Ltd. (LITB) Q3 2023 Earnings Call Transcript

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LightInTheBox GAAP EPADS of -$0.04, revenue of $135.6M; initiates Q1 outlook

LightInTheBox (LITB) has released an update. LightInTheBox, a global apparel e-commerce retailer, reported a 25% increase in annual revenues to $62...

LightInTheBox Reports Revenue Growth Amid NYSE Notice

LightInTheBox Holding Co., Ltd. (LITB) Q4 2023 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
LightInTheBox Holding (NYSE:<a href="https://investorplace.com/stock-quotes/litb-stock-quote/">LITB</a>) just reported results for the fourth quarter of 2023.<ul><li>LightInTheBox Holding reported earnings per share of -4 cents.</li><li>The company reported revenue of $135.56 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/litb-stock-earnings-lightinthebox-holding-for-q4-of-2023/">LITB Stock Earnings: LightInTheBox Holding Reported Results for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

LITB Stock Earnings: LightInTheBox Holding Reported Results for Q4 2023

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Virgin Galactic (NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/">SPCE</a>) stock is slipping on Monday following news that Boeing (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/">BA</a>) is suing the aerospace and space travel company.



The big reason behind this lawsuit is Boeing seeking to <a href="https://www.bloomberg.com/news/articles/2024-03-23/boeing-asks-court-to-block-virgin-galactic-from-using-its-data?embedded-checkout=true">stop the use of its trade secrets</a> by Virgin Galactic. Boeing claims that Virgin Galactic is still holding onto two trade secrets even after agreeing to destroy the data.



The jet manufacturer wants a court to stop Virgin Galactic from hanging onto this data any longer. Virgin Galactic got the data when the two companies were working together on a space tourism project. This project is no longer underway with Boeing.



Virgin Galactic disagrees with Boeing&rsquo;s claims and says it will <a href="https://www.reuters.com/legal/litigation/boeing-lawsuit-accuses-virgin-galactic-stealing-trade-secrets-2024-03-22/">continue to defend itself </a>in the lawsuit. The fallout between the two companies came after Virgin Galactic allegedly refused to pay Boeing&rsquo;s Aurora Flight Sciences $25 million for its work.



<h2>How This Affects SPCE Stock Today</h2>



Investors in Virgin Galactic aren&rsquo;t happy about the lawsuit news. That has shares of SPCE stock falling 2.7% as of Monday morning. SPCE stock is also down 43% since the start of the year.



Investors will also note that some 3.6 million shares of SPCE stock have changed hands as of this writing. The company&rsquo;s daily average trading volume is about 9.3 million shares.



Investors seeking out even more of the most recent stock market stories are going to want to stick around!



We have all of the hottest stock market news that traders need to know about on Monday! That includes everything happening with shares of Lucid&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>), LightInTheBox Holding&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/litb-stock-quote/">LITB</a>) and GameStop&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) stock this morning. All of that news is ready to go at the links below!



<h2>More Stock Market News for Monday</h2>



<ul><li><a href="https://investorplace.com/2024/03/lucid-motors-lcid-stock-pops-on-1-billion-infusion-from-saudi-pif/">Lucid Motors (LCID) Stock Pops on $1 Billion Infusion from Saudi PIF</a></li>



<li><a href="https://investorplace.com/earning-results/2024/03/litb-stock-earnings-lightinthebox-holding-for-q4-of-2023/">LITB Stock Earnings: LightInTheBox Holding Reported Results for Q4 2023</a></li>



<li><a href="https://investorplace.com/2024/03/dear-gme-stock-fans-mark-your-calendars-for-march-26th/">Dear GME Stock Fans, Mark Your Calendars for March 26</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/03/spce-stock-alert-virgin-galactic-just-got-sued-by-boeing/">SPCE Stock Alert: Virgin Galactic Just Got Sued by Boeing</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SPCE Stock Alert: Virgin Galactic Just Got Sued by Boeing

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) stock is in the news Monday after the electric vehicle (EV) company&rsquo;s shares were hit with a <a href="https://www.investing.com/news/stock-market-news/tesla-other-ev-makers-downgraded-at-mizuho-on-slowing-sales-nearterm-headwinds-432SI-3350983">reduced price target</a> from Mizuho analysts.



This downgrade has the firm&rsquo;s analysts dropping TSLA stock from a price target of $270 per share to $195 per share. This represents a potential upside of 14.2% compared to the stock&rsquo;s prior closing price. It&rsquo;s also lower than the <a href="https://www.marketbeat.com/stocks/NASDAQ/TSLA/price-target/">analysts&rsquo; price prediction</a> of $209.15 per share.



To go along with that price cut, analysts at Mizuho dropped TSLA stock from a &ldquo;buy&rdquo; rating to a &ldquo;neutral&rdquo; rating. For some perspective, the analysts&rsquo; consensus rating for TSLA shares is reduce based on 32 opinions.



<h2>What&rsquo;s Behind the TSLA Stock Downgrade?</h2>



Mizuho is taking a more neutral stance on <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> in general. This saw the company also downgrade shares of Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>), and Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) from &ldquo;buy&rdquo; to &ldquo;neutral&rdquo; alongside Tesla.



Here&rsquo;s what the firm said in a note to clients obtained by Investing.com.




&ldquo;While we remain constructive on the broader EV landscape with the LT trend to electrification, near-term EV demand and tightening liquidity are creating challenges into 2025E.&rdquo;




TSLA stock is up slightly on Monday morning. The stock is currently down 30.9% since the start of the year.



Investors can find more of the most recent stock market news ready to go down below!



We have all of the hottest stock market news ready for Monday! Among that is what has shares of Virgin Galactic&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/">SPCE</a>) stock, Lucid&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) stock and LightInTheBox Holding&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/litb-stock-quote/">LITB</a>) moving today. All of that info is good to go at the following links!



<h2>More Monday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/03/spce-stock-alert-virgin-galactic-just-got-sued-by-boeing/">SPCE Stock Alert: Virgin Galactic Just Got Sued by Boeing</a></li>



<li><a href="https://investorplace.com/2024/03/lucid-motors-lcid-stock-pops-on-1-billion-infusion-from-saudi-pif/">Lucid Motors (LCID) Stock Pops on $1 Billion Infusion from Saudi PIF</a></li>



<li><a href="https://investorplace.com/earning-results/2024/03/litb-stock-earnings-lightinthebox-holding-for-q4-of-2023/">LITB Stock Earnings: LightInTheBox Holding Reported Results for Q4 2023</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/03/mizuho-just-slashed-its-price-target-on-tesla-tsla-stock/">Mizuho Just Slashed Its Price Target on Tesla (TSLA) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Mizuho Just Slashed Its Price Target on Tesla (TSLA) Stock

Lightinthebox Holding Co Ltd (LITB) stock is lower by -48.94% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives LITB stock a score of  2 out of a possible 100. That rank is mainly influenced by a short-term technical score of 1. LITB's rank also includes a long-term technical score of 4.  LITB

Should You Buy Lightinthebox Holding Co Ltd (LITB) Stock Tuesday?

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Press Releases

LightInTheBox Among Top 50 Kantar BrandZ Chinese Global Brand Builders for 2023

LightInTheBox Announces Share Repurchase Program

LightInTheBox to Hold Annual General Meeting on September 28, 2023

LightInTheBox to Report Second Quarter 2023 Financial Results on Friday, September 15, 2023

LightInTheBox Reports Second Quarter 2023 Financial Results

LightInTheBox to Report Third Quarter 2023 Financial Results on Tuesday, November 28, 2023

LightInTheBox Reports Third Quarter 2023 Financial Results

LightInTheBox to Report Fourth Quarter and Full Year 2023 Financial Results on Monday, March 25, 2024

LightInTheBox Announces (1) Fourth Quarter and Full Year 2023 Financial Results and (2) Receipt of Non-compliance Letter from NYSE Regarding ADS Trading Price

LightInTheBox Files 2023 Annual Report on Form 20-F