STOCKS TELEGRAPH

Author: Hassan Masood

  • Medigus Ltd. (MDGS) Stock on a Surge Today, Here’s Why

    Medigus Ltd. (MDGS) Stock on a Surge Today, Here’s Why

    Medigus Ltd. (MDGS), a medical device company, has experienced an increase of 0.68% in the current market trading session. As a result of that, MDGS stock currently stands at $1.49. On Thursday, MDGS stock saw a decline of 3.27%, and as a result of that, the share price stood at $1.48.

    Pre-clinical data presentation

    Today, MDGS announced that Polyrizon Ltd., a privately held company, in which, MDGS has a share capital of 35.86%, has presented the pre-clinical data. The data shows that Company’s Capture and Contain (C&C™) platform technology has the capability to could lessen Influenza virus H1N1 risk. Besides, it also has the tendency to treat COVID viruses.

    Demonstration of EV charging robot

    On the 30th of July, MDGS stock rose 5.62% after the company announced that its wholly owned subsidiary, Charging Robotics Ltd., has successfully demonstrated the capability of its Electric Vehicle (EV) charging robot, and thereby, has concluded the proof of concept. Charging Robotics is trying to provide the EV’s with efficient battery charging. The process depicted an efficiency of 93% with regards to charging at 1 kW power. After the success of operation, Charging Robotics intended enhancement in power. The company wants power to be increased from 1kW to about 13 kW.

    Buyback program promotion by MDGS BoD

    On the 26th of July, MDGS stock suffered a decrease of 9.38% after the announcement by the company that its Board of Directors had authorized the company to promote a buyback program of $2 million for the company’s ADRs. It was expected that the company would approve the buyback program in relation to the approval of its 6 months of fiscal 2021 financial statements, which ended on 30th June.

    Agreement with Automax

    On the 17th of July, MDGS announced that Charging Robotics Ltd. had signed a definitive distribution agreement with Automax Motors Ltd. The agreement was intended to provide Automax with an opportunity to distribute its wireless robotic charging pad in Israel and Greece. The distribution had to take place over a course of 5 years period. Once MDGS develops the robotic charging pads, Automax had to market them. Automax had to pay Charging Robotics a one-time payment of $50,000 under the agreement, for its appointment as the sole distributor in Greece and Israel.

    MDGS fiscal 2020 financial results

    On the 17th of May, MDGS announced the annual financial results for the fiscal year 2020, which ended on 31st December 2020. According to the details, the company had generated revenue of $0.53 million from products and services during the year, an increase of 95% when compared with the stats for the previous fiscal. The revenue was generally derived from the sales of a miniature cameras and related equipment. The company ended the year with a net loss of $6.85 million, a decrease of 52% when compared with the results of the previous fiscal year. The cash and cash equivalents were $22.36 million on 31st December 2020, as compared to $7.04 million on 31st December 2019.

    What’s ahead for MDGS?

    Recent performances have indicated the strength of MDGS stock. The stock has gained 6.47% during last year. With the effects of COVID subsiding and governments around the world softening the restrictions, it is hoped that MDGS stock would continue its rally in future times as well.

  • SGOCO Group, Ltd. (SGOC) Stock on a Rising Trend, Here’s Why

    SGOCO Group, Ltd. (SGOC) Stock on a Rising Trend, Here’s Why

    SGOCO Group, Ltd. (SGOC), a company engaged in the protection of the environment and the creation of energy saving technologies, has experienced an increase of 11.89% in the premarket trading session. As a result that, SGOC stock is changing hands at $9.13. On Thursday, the company saw an increase of 27.50% increase in share price.

    Push by Wall street traders

    On the 18th of August, SGOC stock surged some 75%. That massive surge came despite the fact that there was no-issuance of a press release or any earning announcements. The reason for that massive jump was that the Wall Street traders betted on Reddit. These elements had tried even before to push the SGOC stock despite of the absence of any fundamental news.

    Appointment of CFO by SGOC

    On 29th of July, SGOC appointed Mr. Chung Hang LUI as its Chief Financial Officer (CFO). LUI replaced Mr. Xiao-Ming HU as CFO. Prior to that, Mr. LUI was the Director of Amaz Global Limited (AGL). There, he carried out numerous successful business strategies to give astounding success to AGL. He holds a Bachelor’s Degree in Marketing and a Master’s Degree in Accounting from RMIT University, Australia.

    Release of annual financial results

    On 7th July, SGOC released the financial results for the fiscal year 2020. According to the details, the company generated net revenue of $4.29 million, as compared to net revenue of $5.11 million during fiscal 2019. The cost of revenues stood at $5.35 million, as compared to the cost of revenues of $2.38 million during fiscal 2019. The gross profit stood at $1.06 million, as compared to gross profit of $2.73 million during the previous ear. The total operating expenses stood at $66.27 million, as compared to operating expenses of $3.46 million during the equivalent period of 2019.

    SGOC, a meme stock

    On the 9th of July, SGOC stock was up a massive 500%. There wasn’t any news or press release behind that sharp fluctuation in share price. The high jump of SGOC stock was attributable to it being a meme stock. The Reddit traders were thought to have brought the shares in bulk.

    Issuance of deficiency letter

    On the 21st of May, SGOC announced to have received a deficiency letter from NASDAQ. The letter notified that the company was not any longer in compliance with the Nasdaq Listing Rule 5250(c)(1) for continued listing. That action came after SGOC failure to meet the deadline for timely filing of annual financial results for the fiscal year 2021. The Nasdaq Listing Rule 5810(c)(2)(F)(i) made it compulsory for SGOC to submit to a NASDAQ plan before July 16, 2021. The company said that it intended to submit the compliance plan as urgently as possible.

    What lies ahead for SGOC stock?

    Based on the annual financial results, it is expected that SGOC could carry on its momentum of gain during the near future as well. With the effects of pandemic subsiding, the market situation around the world is getting better, so, SGOC could generate tremendous revenue in the next fiscal year. For SGOC stock, the situation could remain volatile with some wild swings, the reason being a meme stock. So, for this reason, potential investors should keep a close watch on SGOC stock.

  • Glory Star New Media Group Holdings Ltd. (GSMG) Stock on a Rise, Here’s Why

    Glory Star New Media Group Holdings Ltd. (GSMG), a company providing advertisement and content production services in China, has carried its gaining momentum within the premarket trading session. Currently, in pre-hours, GSMG stock has gained a tremendous 42.58% in its share price, and as a result of that, the share price of GSMG stands at $2.21. On Wednesday, GSMG stock gained a 4.73% increase.

    Subscription agreement

    Today, GSMG has announced that it has entered into a subscription agreement with an institutional investor. They both have agreed for sale of up to 2,857,142 ordinary shares of the Company. The gross proceeds from that agreement would be approximately $10,000,000. Each Ordinary Share will be accompanied by a warrant exercisable to purchase one Ordinary Share at an exercise price of $4.40 per share. The company said that it would use the net proceeds from the offering for general corporate purpose and working capital.

    Financial results for the first half of 2021

    On 19th of August, GSMG reported the financial results for the first half of the fiscal year 2021. According to the details, the downloads of the CHEERS app was about 215.6 million, as compared to the 121 million in the equivalent period of the previous year. The average daily active users of the app increased to 7.1 million during the quarter, while they increased to 4,5 million in the equivalent period of 2020. The revenue in the first half increased 144.6% and stood at $71.9 million, while during the equivalent period of 2020, the revenue stood at $29.4 million. The income from operations increased some 40.9% to $16.2 million as compared to $11.5 million during the equivalent period of 2020. The total operating expenses increased by some 211.2% to $55.7 million. The operating expenses stood at $17.9 million during the equivalent period of 2020. The net cash used in operating activities was $11.9 million, as compared to $1 million during the equivalent period of 2020. Mr. Bing Zhang, Founder and Chief Executive Officer of Glory Star commented on the results that Glory Star accelerated our growth momentum in the first half-year of 2021, and going forward, it plans to deepen its expertise in integrating quality content with lifestyle commerce.

    Research coverage of GSMG

    On 27th of July, GSMG stock surged some 9.29% after the company announced that Dongxing Securities had initiated research coverage of Glory Star. The price to sales ratio for coverage was kept at 2.21, a corresponding price target of US$6.05 per share, and a rational valuation of US$409 million.

    GSMG program enjoying top ranks

    In mid of July, GSMG announced that its flagship variety program ” Star Makeover”, a fashion makeover reality game show,  had continuously ranked in the top 10 late-night shows in China for 10 consecutive weeks Since premiering, the show’s ratings were skyrocketing. Bing Zhang said on the occasion that based on an attractive viewer base and Show’s entertainment, advertisers are reaching out to companies for advertisement options.

    What lies ahead for GSMG stock?

    With the effects of pandemic largely subsiding, the analysts believe that GSMG is in a position to take off for the heights of glory. The EPS for this year is expected to increase by 372.60%. The revenue estimate for the next fiscal year stands at $197.41 million. Based on these statistics, potential investors need to closely keep watching GSMG stock movement in the market.

  • Takung Art Co., Ltd. (TKAT) Stock Rose on Wednesday, Here’s Why

    Takung Art Co., Ltd. (TKAT), a company operating, through its subsidiaries, an electronic online platform for artists and art dealers, is seeing a decline in share price in the premarket session. TKAT stock has decreased by 6.45% and currently sits at $10.30. That bearishness has come after TKAT stock surged a massive 56.39% on Wednesday.

    Playing NFT boom

    TKAT stock was trading higher due to above average volume on Wednesday. The stock was seen as a way to play the non-fungible token (NFT) boom. The NFT sector saw an increase in volume following the Visa Inc. CryptoPunk purchase and social media mentions. TKAT crossed the 20 million in trading volume. Average volume for the stock stood at about 3.5 million. TKAT stock was among the most searched stock at that time.

     TKAT Q2 financial results

    On the 13th of August, TKAT announced the quarterly results for the second quarter of the fiscal year 2021, which ended on 30th June. According to the details, the company had total assets of $34.66 million during the quarter. The total liabilities were $29.63 million during the quarter. The total revenue generated during the quarter stood at $1.14 million, as compared to the total revenue of $1.67 million during the equivalent period of 2020. The gross profit was $0.69 million, as compared to the gross profit of $0.92 million during the equivalent period of 2020. The total operating expenses during the quarter stood at $8.08 million, as compared to the operating expenses of $0.99 million during the equivalent period of 2020 (such a massive decline happened due to the fact that the company’s performance during the course of the pandemic was not up to the mark).

    Closing of private placement

    On the 13th of July, TKAT stock value declined some 15.92% after the company announced the closing of a $5 million private placement. According to the details, the 71,429 shares of Common Stock had a purchase price of $8.75 per share. Gross proceeds were about $5 million. Maxim Group LLC was the sole placement agent for the transaction. The company said that it hopes to utilize the gross proceeds for working capital and general corporate purpose. The company announced that private placement on the 8th of July.

    Volatility due to NFT related speculations

    On the 22nd of April, TKAT stock surged on the speculation that the company could jump into NFT space. The shares of the company soared some 23%. NFT are the digital files related to arts, videos, and audios, which are stored on to the blockchain. Lots of NFT’s had been sold for millions of dollars, as a result of which, numerous companies have opted to offer NFT, including TKAT. Due to similar speculations, TKAT stock soared massively on the 26th of May as well. Due to that sort of speculations, companies like TKAT, which investors hoped would jump in the NFT space, experienced wild swings in share prices and are still experiencing the same.

    What future holds in store?

    From indicators, it seems that TKAT stock is on a rising trend during the near future, primarily due to inclusion in NFT. The EPS of the company could increase by 85.10% for this year. Recent performance of a stock is also depicting happy times for it in near future. So, potential investors should keenly keep watching TKAT stock.

  • Camber Energy, Inc. (CEI) Stock Enjoying a Bullish Trend, Here’s Why

    Camber Energy, Inc. (CEI), an independent oil and natural gas company is seeing bullishness in the premarket trading session. CEI stock has gained 5.43% in pre-hours and is currently changing hands at $0.41. That massive surge came on the back of an already dominating performance on Tuesday.

    Agreement with ESG

    On Tuesday, CEI announced that its majority-owned subsidiary, namely Viking Energy Group, Inc., has entered into an agreement with ESG Clean Energy, LLC. The agreement is about the ESG patent rights and know-how about stationery electric power generation. ESG clean energy system is designed to generate clean electricity from internal combustion engines, and also, to utilize waste heat to capture almost 100% of the CO2. James Doris, President and Chief Executive Officer of Camber said on the occasion that the step could help, on one hand, to become a market leader in assisting power generation needs of different organizations, while on the other hand, would reduce the carbon footprint.

    CEI Financial results for Q2

    On the 17th of August, CEI announced that Viking energy group had reported the financial results for the second quarter of fiscal 2021, which ended 30th June. According to the details, Viking group generated revenue of $10.69 million during the quarter, while during the equivalent time of 2020; the company generated $9.54 million in revenues. CEI owned 62% of issued and outstanding common shares of Viking during Q2 and increased its interest to approximately 73% on or about July 29, 2021.

    CEI Acquisition in Simson-Maxwell Ltd.

    On the 9th of August, CEI acquired a major interest in Simson-Maxwell Ltd through its majority-owned subsidiary. Simson-Maxwell is a leading manufacturer and supplier of industrial engines, power generation products, services, and custom energy solutions. James Doris commented on the occasion that CEI is excited to work with a Simson-Maxwell and hoped that coming times would see a further strengthening of relations between the two.

    Purchase of Viking common stock

    On the 30th of July, CEI announced that it would purchase $11 million worth of Viking’s common stock. The proceeds would be used by Viking to facilitate the potential execution of an agreement as well as for general working capital purposes.

    Closure of equity transaction

    In mid of July, CEI reported that it had closed a$15,000,000 equity transaction from an institutional investor. The company said that it planned to use the capital for the working capital, new acquisitions, and for several other purposes. Also, the company extended the maturity date of existing promissory notes from December 11, 2022, to January 1, 2024. It also incorporated a conversion feature in each of the promissory notes. James Doris commented that these transactions serve as significant catalysts for advancing Camber’s growth initiatives.

    Future performance of CEI stock

    Based on recent performances of CEI stock in NYSE, it is expected that the stock could enjoy a healthy time in the near future as well, the future seems sanguine for CEI stock. Based on these predictions, potential investors should keep a close watch on fluctuations of CEI stock. Short-term fluctuations within stock should not discourage the investors, as long-term investments are the key to success.

  • Option Care Health Inc. (OPCH) Stock on a Rise, Here’s Why

    Option Care Health Inc. (OPCH), a company offering home and alternate site infusion services in the US, has seen a rise of 7.25% in the premarket trading session. As a result of that increase, OPCH stock currently stands at $25.90.

    Replacement in S&P midcap

    OPCH announced on Tuesday that Option Care Health Inc. would replace Trustmark Corp. (TRMK) in the S&P midcap 400, and TRMK would replace Sykes Enterprises Inc. (SYKE) in S&P SmallCap 600. Trustmark has a market capitalization that is more representative of small-cap market space. The changes would have to be effective prior to the opening of trading on 30th August.

    Agreement to sell common stock

    On 3rd August, OPCH announced that an affiliate of Madison Dearborn Partners has agreed to sell 18,000,000 of the company’s common stock at a price of $20.25 per share to the public in an underwritten public offering. Previously, 15,000,000 shares of common stock were announced to be sold. Madison Dearborn Partners also granted the underwriter a 30-day option to purchase up to 2,700,000 additional shares of common stock. The company said that it would not receive any profits from the offering. The offering was expected to close on the 5th of August. The company said that Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering.

    OPCH Q2 Financial Results

    On the same day, i.e. 3rd August, OPCH reported the financial results for the second quarter of the fiscal year 2021, which ended 30th of June. According to the details, the company’s net revenue during the quarter stood at $860.3 million, an increase of 16.1% when compared with the equivalent period of 2020. The gross profit stood at $199 million, an increase of 19.6% when compared with the statistics of an equivalent period of 2020. The net income was $31.8 million, meaning the income per share stood at $0.18, while during the equivalent period of the previous year; the net loss was $7.7 million, or $0.04 loss per share. The cash flows from operations during the quarter stood at $73.7 million, as compared to cash flows of $35 million during the equivalent period of 2020. John C. Rademacher, Chief Executive Officer of Option Health Care Inc. said on the occasion that based on the momentum established in the first half, the Company is positioned very well heading into the second half of 2021.

    Appointment of CMO in OPCH

    On the 28th of July, OPCH announced the appointment of Dr. Seema Kumbhat as the company’s Chief Medical Officer (CMO). The company said that in the role, she had to oversee all the clinical strategies of the company, She was also expected to focus upon the optimization of the company’s operations to ensure the deliverance of the highest quality standards. Before joining OPCH, Dr. Seema was senior Vice President and Regional Medical Officer for Fresenius Kabi. Her appointment was greeted by the CEO of OPCH. He hoped that Dr. Seema would make a positive impact in continuing efforts to elevate patient care.

    What’s next?

    Analysts estimate that the revenue of OPCH is expected to grow to $3.68 billion during the next fiscal year. The EPS during next year is expected to increase 54.14%. All of these indicators are the epitome of OPCH stock in NASDAQ. So, potential investors should keep a close watch on OPCH stock.

  • Palo Alto Networks Inc. (PANW) Stock on a Rise in Afterhours, Here’s Why

    Palo Alto Networks Inc. (PANW), a cyber-security solutions provider, has seen an increase of 10.40% in its share price within after-hours. As a result of that, currently, PANW stock stands at $411.30.

    PANW Q4 financial result

    That surge within PANW stock has come after the company reported handsome quarterly results for the fourth quarter of the fiscal year 2021, which ended 31st July. The total revenue for the quarter grew 28% year over year to $1.2 billion, as compared to the $950.4 million during the equivalent period of 2020. The billing during the quarter grew 34% year on year to $1.9 billion. The billing during the fiscal year 2021 grew 27% to $5.5 billion. The earnings for the quarter stood at $1.60 per share, while during the equivalent period of the previous year, the earnings stood at $1.48 a share. For the first quarter of fiscal 2022, the company expects to generate revenue in a range of $1.19 billion to $1.21 billion, which could represent year-over-year growth between 26% and 28%. The total billing for the quarter is expected to stand between $1.29 billion to $1.31 billion. The company expects earnings per share for the next quarter to stand between $1.55 and $1.58. Nikesh Arora, chairman, and CEO of Palo Alto Networks said on the release of financial results that strong Q4 performance was the culmination company’s innovative strategy execution throughout the year.

    FedRAMP moderate authorization

    In early August, PANW announced the achievement of Federal Risk and Authorization Management Program (FedRAMP) moderate authorization by Prisma® Access. That authorization meant that Prisma Access could help US state agencies to secure their distributed workforce. With pandemic transmuting the ways of communication around the globe, the governments, and particularly the US, is opting to provide secure connectivity to remote workers. Prisma access would provide state authorities with secure networking options to serve the purpose of workforce protection. Dana Barnes, senior vice president of Public Sector for Palo Alto Networks said on the occasion that Palo Alto Networks is providing leading solutions to protect the U.S. government and its federal agencies from all security threats.

    Formation of alliance

    In late July, PANW formed a strategic alliance with Deloitte, a security consulting service provider. The alliance aimed to bring together Deloitte and Palo to deliver broad solutions to aid consumers to simplify complex security infrastructure, and on the other hand, increasing speed and agility. That would enable both of them to protect their digital initiatives. Deloitte and Palo jointly developed the solutions that Deloitte would have to deliver to its mutual customers, via the zero trust services.

    What lies ahead?

    According to analysts, PANW is expected to generate revenue of $4.98 billion in the fiscal year 2022, while it is expected to grow some 18.40% during the next year. These indicators reveal that the financial performance of PANW is expected to show a boom in near future. For PANW stock, the EPS for the next 5 years is expected to grow by 22.14%. These statistics should be a glimmer of hope for potential investors to invest in PANW stock.

  • RISE Education Cayman Ltd. (REDU) Stock Declining Today, Here’s How

    RISE Education Cayman Ltd. (REDU), an English language training services provider, has seen a loss in its share price in the current market. The share price of REDU stock decline to $0.78 after an increase of 3.63%.

    Update about quarterly earnings

    Earlier, during mid of August, REDU stock experienced a decline of 10.14% after the company announced that due to recent regulatory developments, the company decided to not release the quarterly earnings data. That news caused a massive plunge within the share price of REDU.

    Update on regulations

    During late June, REDU stock suffered a loss of 11.11% due to the release of updates on new regulations by the Chinese state authorities. According to details, the Chinese state media announced the opinions to alleviate the burden of homework and after school tutoring for students in compulsory education. The opinion directed that the institutions providing such services be registered non-profit. Number of other directives regarding the subject was issued as well. The company said in its statement that it was accessing the potential impact of the opinion on its business and said that it would continue to comply with all the rules and regulations issued by the state authorities.

    Response to media reports

    On July 23rd, REDU responded to the media reports about the considerations to impose regulations on after school tutoring services related to school subjects taught in the compulsory education system. The company said that it has not received any sort of official notification. After the response came out, REDU stock plummeted some 40.52%, and since then, hasn’t recovered.

    New enrollments in REDU

    In mid of July, REDU provided an update about the new enrollments for the second quarter of 2021. According to the details, the number of new students enrolled in regular courses stood at 3582, while during the equivalent period of 2020, the number stood at 3749. The number of students enrolled in rise courses stood at 6790, while during the equivalent period of 2020, the number for same stood at 2183. The company also said that its business performance during the quarter was impacted due to various market conditions. The offline operations during 2020 were suspended due to the impact of the COVID pandemic, causing an impact upon enrollment of students.

    REDU Financial results

    In late May, REDU announced the unaudited financial results for the first quarter of the fiscal year 2021, which ended March 31st. According to those, the COVID pandemic had an adverse impact upon the business of the company.  There was a temporary closure in RISE self-owned learning centers, but the proactive policies by the company stabilized its business. The total revenues stood at $39.9 million. The net loss attributable to RISE stood at $3.9 million. The total number of learning centers on March 31st stood at 525. Ms. Lihong Wang, Chairwoman and Chief Executive Officer of RISE said on the occasion that as life returns to normalcy with COVID-19 well under control in China, the company expects its business to get back on track.

    What’s lying ahead?

    Future times seem sanguine for REDU. The EPS for this year could grow by 85%. The revenue is estimated to increase to $294.87 million during next year. From these statistics, it is certain that the REDU stock is well on track to obtain financial success.

  • Mysize Inc. (MYSZ) Stock Plummeting in Premarket, Here’s Why

    MySize Inc. (MYSZ), a developer of measurement technology based on sophisticated algorithms, is currently seeing a slump within share price in the premarket. MYSZ stock is being traded at $1.01, a decrease of 11.40%.

    Business Update for Q2

    On the 17th of August, MYSZ provided a business update for the second quarter of the fiscal year 2021. According to the details, the company’s IP portfolio had been secured. That came after waived her right to repurchase certain assets, which were related to the sizing data, and the right to receive 18% royalties.  Besides, an internal business intelligence report revealed for the first six months of the fiscal year 2021 revealed a 2.75x rise in conversion rates. MySize CEO Ronen Luzon stated on the occasion that the quarter had been pivotal in terms of consolidating and strengthening the company’s position in a way to meet the challenges ahead.

    Results for Business Intelligence Report

    On the 22nd of July, MYSZ announced the results for 6 months (first half of the fiscal year 2021) internally generated business intelligence report. The report said Mysize increased the ecommerce retailers’ conversion rate by an average of 2.75x when MySize tech was applied to 40% or more of products listing. Also, Average Order Value (AOV) obtained a significant boost, and was up on average by 15% when ecommerce retailers implemented Mysize for 40% of their product listings. Ronen Luzon said that Mysize is immensely proud of how strongly its product resonates with consumers and its impact on the industry.

    Partnership with Delhivery

    In late June, MYSZ announced to partner with Delhivery, India’s largest supply chain services provider. Mysize Artificial Intelligence-driven sizing solution, called Boxsize, would have to empower Delhivery with tools to boost efficiency and operational management. Boxsize had to provide Delhivery employees on B2B side with critical information that would have allow them to optimize loading efficiency.

    MYSZ Announced Partnership with Bitrix

    In early June, MYSZ announced to partner with Bitrix, Russia’s largest E-store platform. According to the details, Mysize AI driven sizing solution and personal fit recommendations would have to be made available to E-commerce sellers on Birtix platform. That could bring highly accurate footwear and apparel sizing to millions of online shoppers. The sizing integration was expected to decrease the number of people ordering products that were the wrong fit for them.

    Integration with Trutex Schoolwear

    On June 7th, Trutex Shoolwear, the school uniform retailer in UK, announced the integration of MysizeID widget on Trutex site.  That was designed to revolutionize online school uniform shopping for parents and children. Mysize sizing solution utilizes Trutex size charts products tables, GTIN, descriptions, and other relevant details to provide parents with a highly accurate size recommendation for their children.

    What’s next for MYSZ?

    As businesses around the world are opening due to ease in government restrictions, it is believed that Mysize (MYSZ) could improve earnings and revenue trend within the near future. Also, innovation has caused the company’s standing to increase in the business circle. So, keeping this trend in mind, potential investors should keep a close watch on MYSZ stock.

  • Naked Brand Group Ltd. (NAKD) Stock Soaring, Here’s Why

    Naked Brand Group Ltd. (NAKD), a designer and retailer of ladies and gents intimate apparels and swimming products, is experiencing a surge in its share price in current market trading hours. The shares are changing hands at $0.56, an increase of 12.96%.

    Appointment of CFO

    On the 19th of April, Naked Brand Group (NAKD) appointed Mark Ziirsen as Chief Financial Officer. He has replaced Cheryl Durose. Mark is a finance executive and has 30 years of financial and operational experience. Mark had experience with public company finance as a corporate officer. He also served as an audit committee member. His executive career has spanned senior financial leadership roles in different ASX-listed companies. Justin Davis-Rice, Naked’s Chief Executive Officer, welcomed Mark’s appointment and said that Naked Brand Group is privileged to have someone of Mark’s caliber and financial skill set to serve as its Chief Financial Officer.

    Replacement of CEO

    In early April, Anna Johnson was appointed as Naked Brand’s Group (NAKD) ‘s new CEO. She replaced Justin Davis-Rice, who was named executive chairman of the company. Anna has experience of over 25 years across a number of industries. Before joining Naked, she was EGM operations of The Warehouse Group.  Former CEO Davis-Rice said that Naked Brand Group believes Anna’s role as CEO of Naked would amplify the new strategic direction of the company.

    Solidification of balance sheets

    On the 30th of March, Naked group (NAKD) reported that it had successfully solidified its balance sheets. That happened due to a number of strategic capital financings. Because of that solidification, the company gained the cash proceeds of $270 million, and apart from that, the company’s all previous debt servicing obligations were eliminated. The company also said on the occasion that it had regained compliance with NASDAQ listing requirements. Apart from that, the company announced the appointment of Simon Tripp to its board of directors. Besides being an investment banker, Simon also is M&A executive and has 30 years of professional experience. Simon Tripp said on the occasion that he is excited to work in Naked Brand to identify future potentials.

    NAKD Annual financial results

    On the 18th of May, Naked Group (NAKD)  released the annual financial result of the fiscal year 2021. According to the results, the company generated revenue of $80.03 million, as compared to the revenue of $90.06 million generated during fiscal 2020. The gross profit stood at $33.89 million, as compared to the gross profit of $33.81 million during the equivalent period of the previous year. The comprehensive loss for the fiscal year stood at $72.82 million, as compared to $52.17 million during the equivalent period of the previous year. All of these indicators suggest that the COVID pandemic had a severe impact upon the business of the company during the fiscal year 2021.

    What lies ahead for NAKD stock

    The statistics suggest that Naked Brand Group (NAKD) could see bright times in the near future. The EPS for next year could increase by some 98.20%. With the ease in government restrictions, it is imminent that future times hold something great in store for NAKD stock. So, potential investors should keep a close watch on NAKD stock.