STOCKS TELEGRAPH

Author: Maria Masood

  • Launch of Diagnosis Center: Shineco, Inc. (SISI) Stock Fell in After Hours.

    Shineco, Inc. (SISI) is one of the largest Chinese holding companies. It utilizes advanced engineering and biotechnologies for the production of herbal medicines, organic agricultural product lines, and dedicated textiles.

    SISI stock price in the regular trading on March 11, 2022, with a minute gain of 0.79% was $3.84. Its price plunged by 12.5% at the last check of the aftermarket session.

    SISI: Events and Happenings

    On March 11, 2022, SISI updated on its entry into a strategic cooperation contract by signing a deal with the Development Service Center of Weifang Binhai Science and Technology Innovation Park. Both the entities agreed upon building a pioneer tumor classification diagnosis and treatment center in China along with a digital telemedicine facility. The companies reported signing the contract on March 4.

    On March 03, 2022, SISI unveiled its redesigned website which reflects its recent developments in the developmental trajectory upon its entry into the life science business. On February 24, 2022, SISI announced its entry into a strategic collaboration with Beijing Xihuan Psychological Consulting Co., on February 21. Both the firms agreed upon the joint building of an industry-university-research-medical collective portfolio for tumor patients’ psychological therapy.

    On February 17, 2022, SISI informed the press about its entry into a contract with the Beijing Jinshengyun Pharmaceutical Technology Co. Both the companies agreed upon a thorough collaboration in the R&D of the novel technologies and assistance in the formation of its innovation center.

    SISI: Key Financials

    On February 14, 2022, SISI released a consolidated financial statement for the three months ended December 31, 2021. Some key figures are discussed below.

    Revenue

    Revenue in the fourth quarter of 2021 was $0.73 million versus $0.78 million for the corresponding quarter of 2020. It observed a decline of $0.05 million in its total revenue YoY.

    EPS

    Net loss basic and diluted per common share for the company was $17.1 million or $1.96 versus $14.5 million or $4.52 for the same period of 2020. Its EPS recorded a gain YoY.

    Conclusion

    A 63% drop in the stock price of SISI was reported in the past six months. Most recently, its stock also dipped in aftermarket trading as the company announced its collaboration for the building of tumor classification diagnosis and treatment center in China.

  • NASDAQ Bid Price Notification: AnPac Bio-Medical Science Co., Ltd. (ANPC) Stock Plummeted After Hours.

    AnPac Bio-Medical Science Co., Ltd. (ANPC) is a late-stage biopharmaceutical company engaged in the development of early cancer detection. The company has two authorized clinical labs including CLIA and CAP and performs Cancer Differentiation Analysis and another testing.

    The price of ANPC stock during March 11, 2022, regular trading was $0.78 with an increase of 15.7%. At the last check of the aftermarket session, its price dipped by 19.9%.

    ANPC: Events and Happenings

    On March 11, 2022, ANPC announced the receipt of notification regarding non-compliance of the least bid price obligation from the Nasdaq Stock Market on March 8. The notification has no immediate effect on the company’s securities trading on the Nasdaq Capital Market. On March 03, 2022, ANPC reported that Changwei System Technology, its biochip subsidiary, was assessed by China Alliance Appraisal Co. Ltd.

    On February 03, 2022, ANPC updated on filing a request regarding Breakthrough device designation for CDA technology-based device with the FDA on February 1. On January 25, 2022, ANPC informed the press about being ranked by the Frost & Sullivan Company as number one in the global multiple cancer detection volumes in its research report.

    ANPC: Key Financials

    On October 01, 2021, ANPC released its unaudited and consolidated financial statement for the first six months ended June 30, 2021. Some of the crucial points are discussed below.

    Revenue

    Total revenue in H1 2021 was RMB9.3 million compared to RMB4.1 million in the same half of 2020. The company reported a rise of 128.5% in its revenue YoY.

    Net Loss

    Net loss in H1 2021 was up to RMB57.7 million against RMB56.1 million in the same period in 2020. The company recorded an incline in its net loss YoY.

    Conclusion

    The stock price of ANPC down-performed in the past year as it fell by up to 90% as a result of the pandemic. Recently, its stock also dropped in the current aftermarket trading after the company issued non-compliance of minimum bid price notification from the NASDAQ.

  • Why Waitr Holdings Inc. (WTRH) Stock is Plunging in After Hours?

    Waitr Holdings Inc. (WTRH) is focused on utilizing a digital ordering platform. It provides delivery and dine-in options to the customers. It links local eateries and grocery shops to customers in underserved markets. Also, the company enables third parties’ access to provide payment solutions for different businesses.

    The price of WTRH stock during March 11, 2022, regular trading was $0.45 with a decline of 3.94%. At the last check of the aftermarket session, its price sinks further by 19.2%.

    WTRH: Key Financials

    On March 11, 2022, WTRH reported financials for Q4 2021 that ended on December 31, 2021. Some key points are discussed below.

    Revenue

    Fourth-quarter 2021 net revenues were $38.6 million in comparison to $46.8 million for the comparable period of 2020. It reported a considerable decrease in YoY net revenue.

    EPS

    Basic and diluted net loss during Q4 2021 was $8.1 million or $0.06 per share against net earnings of $2.6 million or $0.02 per share during the comparable period of 2020. The company observed a decline in its EPS YoY.

    WTRH: Events and Happenings

    On March 7, 2022, WTRH informed the press about the appointment of Matthew Coy as the company’s CIO with immediate effect. On January 18, 2022, WTRH reported the appointment of Timothy Newton as its Chief Technology Officer with immediate effect.

    On January 10, 2022, WTRH announced its Executive management’s participation at the 24th Annual ICR Conference held on January 11, 2022. On January 4, 2022, WTRH updated on its strategic collaboration with Virtual Dining Concepts. The company provides its clients with innumerable dining options via its virtual kitchens.

    Conclusion

    WTRH stock plunged to a new low in the past year as it reported a downfall of 84% in the span. The current stock position of the company is also not much better as its stock is on a continuous verge of deceleration. Its stock dipped after the financial statement release as the company noted a drop in its earnings and revenue over the year.

  • Issuance of Financial Statement: Futu Holdings Ltd. (FUTU) Stock Plunging Deep in Early Trades.

    Futu Holdings Ltd. (FUTU) is a modernized tech-based business renovating investing opportunities by presenting an online brokerage and wealth managing portfolio. Its digital investing services platforms include Futubull and moomoo, accessible via any mobile device. Its embedded social media tools are utilized to create a network positioned around its clientele.

    The price of FUTU stock during the early trading on March 11, 2022, was last noted to be $26.3 with a decrease of 14.21%.

    FUTU: Key Financials

    On March 11, 2022, FUTU released its consolidated financial statement of Q4 2021 ended December 31, 2021. Some highlights are stated here.

    Revenue

    Net revenues during the fourth fiscal quarter in 2021 were HK$1,602.8 million compared to the same quarter of 2020 when it was HK$1,186.4 million. The company recorded a gain of 35.1% in its net revenue YoY.

    EPS

    Net income per diluted American Depositary Shares in Q4 2021 was HK$498.8 million or HK$3.22 against HK$532.5 million or HK$3.83 in the corresponding period of 2020. The company’s net income decreased YoY by 6.3%.

    FUTU: Events and Happenings

    On February 10, 2022, FUTU reported the receipt of in-principal approvals by its subsidiary to be acknowledged as a Depository Agent of CDP. The subsidiary had also received an EFA status from the Singapore Monetary Authority.

    On December 19, 2021, FUTU announced the effective acquisition of an Australian-based subsidiary holding an Australian Financial Services Licensing. On December 17, 2021, FUTU updated its stance on the media assumptions regarding PRC regulatory strategies. The company is fully committed to disclosing its developments on time that possibly harm its business operations and regulatory growth.

    On December 16, 2021, FUTU informed the press about a contract with StoneCastle Insured Sweep, LLC for providing insured cash sweep amenities to the company’s brokerage customers. Its implementation took place in November 2021.

    Conclusion

    FUTU stock is 37% down year-to-date. The company’s stock plunged in the past year as the global economy was driving towards recession. Its stock dipped in Friday’s early trading session as the news of its financial statement was released. Although the company showed better results than the previous year, its stock dipped as it did not meet the analysts’ expectations.

  • Exela Technologies, Inc. (XELA) Stock Plummeted in Premarket, Here’s why.

    Exela Technologies, Inc. (XELA) is a leading business process Automator. It leverages proprietary technology to provide online transformation solutions to enhance productivity and quality. The company’s platform includes solutions to address accounting, capital, and legal management issues.

    The price of XELA stock during the regular trading of March 10, 2022, was $0.85 with a surge of 10.5%. At the last check of the premarket session of March 11, 2022, its stock plummeted by 10%.

    XELA: Key Financials

    On March 11, 2022, XELA released its financial outcomes for the fourth quarter of 2021 ended December 31, 2021. Some of the key highlights are as follows

    Revenue

    Revenue in Q4 2021 was $294.3 million in comparison to $314.1 million in the same quarter of 2020, so the company observed a decline of 6.3% YoY in its revenue. The company missed the revenue target of $296 million.

    EPS

    Net loss in Q4 2021 was $70.6 million compared to $88.9 million in the comparable quarter of 2020.

    XELA: Events and Happenings

    On March 11, 2022, XELA reported the positive closure of its offering to exchange its common stock shares for 6.00% Aggregate Convertible Preferred Stock. On March 08, 2022, XELA announced that the executive management of the company informed about their intention to tender the cumulative 5 million common stock shares in the exchange offer. The Company’s Executive Chairman intends to tender 1,528,160 shares of the company’s common stock.

    On March 07, 2022, XELA announced the entry of its subsidiaries into a Revolving Loan Exchange and Prepayment contract with certain institutional investors. They acted as revolving investors under its Initial Lien Credit contract. On February 24, 2022, XELA informed the press about its amendment of the offer for the exchange of approximately 100,000,000 common stock shares for unsecured 6.00% senior notes due 2029.

    On February 03, 2022, XELA announced that it exceeded 6,000 clients on its Intelligent Document Processing’s work-from-anywhere portfolio.

    Conclusion

    XELA stock touched a new bottom-line in the past six months as it receded by 78% in that period as the result of the pandemic. Currently, XELA stock dipped following the fourth-quarter financial statement release. The company missed the revenue targets.

  • Conclusion of Loan Repayment: VEON Stock Rebounds Premarket

    VEON Ltd. (VEON) is providing connectivity and digital services on a global scale. Its aim is to client ambitions empowerment utilizing suitable technological solutions, acting as a digital concierge to direct their choices and link them with resources that equate to their requirements.

    The price of VEON stock during the regular trading of March 10, 2022, was $0.35 with a drop of 8.63%. At the last of the premarket session of March 11, 2022, it’s stock inclined by 14.8%.

    VEON: Events and Happenings

    On March 11, 2022, VEON updated that its subsidiary had prepaid to VTB Bank, its RUB 30 billion interest-bearing loans concerning its conditions, and the service had been voided. The reimbursement and annulment following appropriate sanctions.

    On March 8, 2022, VEON announced that Robert Jan van de Kraats had stepped down as the company’s director of the Board effective from March 7, 2022, due to personal reasons. On March 3, 2022, VEON reported about its nomination at the Global Mobile Awards 2022 as the Best Mobile Operator Service for Connected Clients for its MobileID platform.

    On March 1, 2022, VEON informed the press that Mikhail Fridman had stepped down from the post of the company’s director of Board effective February 28, 2022. On March 1, 2022, VEON reported the intent to share accessibility to its Augmented Intelligence Platform capacities with the global community of mobile operators.

    VEON: Key Financials

    On February 28, 2022, VEON issued its unaudited financials for Q4 2021 ended 31 December 2021. Some of the key highlights are mentioned here.

    Revenue

    Revenue in the fourth quarter of 2021 was $2.05 billion +11.1% year on year in local currency versus $1.82 billion in the comparable quarter of 2020. The company observed a considerable gain in its revenue YoY.

    Net Earnings

    Net income in the fourth quarter of 2021 was $801 million against a net loss of $315 million in the comparable quarter of 2020. The company noted a considerable gain in its net earnings YoY.

    Conclusion

    VEON stock dipped to a new low of 82% in the past six months. The recent premarket hike in the stock price is the direct impact of the conclusion of the repayment of the loan to VTB bank.

  • Hippo Holdings Inc. (HIPO) Stock Rebounds Aftermarket Following Financial Statement Issuance.

    Hippo Holdings Inc. (HIPO) Stock Rebounds Aftermarket Following Financial Statement Issuance.

    Hippo Holdings Inc. (HIPO) harnesses real-time information along with its smart home technology, to create the pioneer integrated home protection portfolio. The company’s insurance platform is an authorized insurance agent with commercial and private products underwritten by different insurance companies.

    The price of HIPO stock during the regular trading of March 10, 2022, was $1.93 with a slight dip of 0.52%. At the last of the aftermarket session, its stock rallied by 9.33%.

    HIPO: Key Financials

    On March 10, 2022, HIPO released its fourth-quarter 2021 financials for the quarter ended December 31, 2021. Some of the key updates are mentioned below.

    Revenue

    Total revenue in Q4 2021 was $32.1 million compared to $16.4 million in the same quarter of 2020. The company gained a phenomenal $15.7 million in its total revenue YoY.

    EPS

    Basic and diluted net loss per share in the fourth quarter of 2021 was $59.3 million or $0.11 against $54 million or $0.60 for the corresponding quarter in 2020. The company’s improved substantially YoY.

    HIPO: Events and Happenings

    On January 11, 2022, HIPO reported an extension of its Commercial Lines homeowner’s association insurance into marketplaces after its preliminary optimistic traction and engagement. Socotra’s portfolio and open APIs allow the company’s commercial product line to offer clients precise insurance quotations and personalized policy coverage.

    On November 17, 2021, HIPO updated on its CEO’s participation at the panel discussion at the JMP Securities Financial Services & Real Estate Conference held on November 18, 2021. On October 26, 2021, HIPO announced the appointment of Grace Hanson as its pioneer Chief Claims Officer, with effect from January 2022. On September 8, 2021, HIPO informed the press that its Executive management presented the company at the following conferences.

    • Goldman Sachs 11thAnnual Financial Technology Conference held on September 9, and
    • the Virtual KBW Insurance Conference held on September 10, 2021.

    Conclusion

    HIPO stock touched a new low of 80% in the past year as the company faced a downfall due to the pandemic. The recent after-hours stock gain is attributed to the company’s financial statement release. Its revenue and EPS figures are far better than the previous year’s stats.

  • Q4 Financial Statement: Lazydays Holdings, Inc. (LAZY) Stock Rebounds After Hours.

    Q4 Financial Statement: Lazydays Holdings, Inc. (LAZY) Stock Rebounds After Hours.

    Lazydays Holdings, Inc. (LAZY) is an iconic brand in the RV business, and the provider of the best RV sales, and ownership services. The company is executing its geographic growth strategy that includes both purchases and greenfields.

    The price of LAZY stock during the regular trading of March 10, 2022, was $17.8 with a decrease of 2.24%. At the last of the aftermarket, the company’s stock rebounded by 23.1%.

    LAZY: Key Financials

    On March 10, 2022, LAZY released its consolidated financials for the fourth quarter of 2021 ended December 31, 2021. Some of the noteworthy updates are as follows.

    Revenue

    Total revenues in the fourth quarter of 2021 were $322.5 million corresponding to $196.5 million for the same quarter in 2020. The company’s revenue gained a momentous $126.0 million or 64.1% YoY. It missed the estimations of revenue by $261.5 thousand.

    Net Earnings

    Net earnings in Q4 2021 were $16.9 million compared to $2.21 million in the same period of 2020. The company’s net income is $14.7 million up over the year. The actual net earnings were in-line with the estimations.

    LAZY: Events and Happenings

    On December 23, 2021, LAZY reported that the lead independent director of the company Robert DeVincenzi assumed the position of Interim CEO with effect from January 1, 2022. He is succeeding the CEO William P. Murnane who stepped down from his role. On December 9, 2021, LAZY updated on its planning for the celebration of exceeding the $1 billion yearly revenue breakthrough. The Executive management of the company congratulated the company’s workforce for their input in its rapid growth.

    On November 15, 2021, LAZY announced the appointment of Harsh Uchariya as the company’s Chief Information Officer. On November 1, 2021, LAZY informed the press about greenfield a dealership in Florida to assist the Florida Atlantic Coast. The company estimated the dealership to open up for commercial purposes in Q4 2022.

    Conclusion

    The LAZY stock dropped by 25% in the past six months. The company’s stock recently showed signs of improvement as it officially reported the key financials. The revenue and net income of the company inclined remarkably from the previous year. For Q1 2022, its revenue and EPS guidance is $329.7 million and $1.00 respectively.

  • Commencement of Restructuring: Orphazyme A/S (ORPH) Stock Tumbling Aftermarket.

    Commencement of Restructuring: Orphazyme A/S (ORPH) Stock Tumbling Aftermarket.

    Orphazyme A/S (ORPH) is a global late clinical-stage biotherapeutics business engaged in the development of arimoclomol for patients with Niemann-Pick disease type C.

    The price of ORPH stock during the regular trading of March 10, 2022, was $1.26 with a gain of 5.88%. At the last of the aftermarket, the company’s stock nose-dived by 36.5%.

    ORPH: Events and Happenings

    On March 10, 2022, ORPH reported about the decision made by the company’s BoDs following the receiving of the adverse Trend Vote and because of its financial situation to file a petition for its intra-court restructuring. The company will also reduce up to 50% of its international employees.

    On February 23, 2022, ORPH updated on the review of the Marketing Authorisation Application for arimoclomol by the European Medicines Agency’s Committee for Medicinal Products. The company was informed of a negative trend vote on the MAA for arimoclomol in NPC.

    On February 18, 2022, ORPH announced the issuance of shares from February 11-17, 2022 due to the use of its US At-the-Market Offering Platform with Cowen and Company, LLC. A total of 360,000 ordinary shares each of DKK 1, represented by ADSs, had been issued and sold by Cowen at a market price in agreement with the company’s Articles of Association. On February 11, 2022, ORPH informed the press about the protocol and projected timelines for its FDA’s resubmission for NDA for arimoclomol.

    ORPH: Key Financials

    On August 31, 2021, ORPH released its interim financial statement for the first half of 2021 ended June 30, 2021. Some of the significant updates are as follows.

    Revenue

    Net revenues in H1 2021 were DKK 13.1 million compared to no revenues reported in the same period of 2020.

    EPS

    Net loss basic and diluted per share during H1 2021 was DKK 463.7 million or DKK 13.27 in comparison to DKK 251.4 million or DKK 9.77 in the same period of 2020. The company noted a considerable increase in its losses over the year.

    Conclusion

    ORPH stock was hit hard in the pandemic as its stock price dropped considerably by 90% in the last year. Currently, its stock plunged in Thursday’s aftermarket trading as the company announced the beginning of its intra-court restructuring procedures.

  • AgriFORCE Growing Systems, Ltd. (AGRI) Stock Soaring in Early Trades, Here’s What’s Happening.

    AgriFORCE Growing Systems, Ltd. (AGRI) Stock Soaring in Early Trades, Here’s What’s Happening.

    AgriFORCE Growing Systems, Ltd. (AGRI) is a leader in the development of automated growth systems for the agriculture sector. The company exploits hydroponics systems for the development of different agricultural products. The company is also involved in refining the approaches utilized in controlled-environment agriculture.

    The price of AGRI stock during the early trading of March 10, 2022, was last checked to be $3.35 with a gain of 98.81%.

    AGRI: Events and Happenings

    On March 10, 2022, AGRI updated on its entry into a binding LOI for the acquisition agreement of Deroose Plants NV. It is a leading global tissue culture propagation company with a directory role in horticulture and other sectors. On March 09, 2022, AGRI reported its Executive management’s presentation at the 34th Annual Roth Conference being held on March 13-15, 2022.

    On March 08, 2022, AGRI announced the execution of a non-binding term sheet with an institutional investor for convertible debt service of approximately $20 million. The notes will be convertible at a price of $2.75 per share. The company will obtain a preliminary amount worth $10 million and would have the right to take a supplementary $10 million at its will.

    On February 25, 2022, AGRI informed the press about its management’s participation at the Gravitas’ 5th Annual Growth Conference held on March 3, 2022. On February 22, 2022, AGRI announced its entry into a proprietary global licensing deal with Radical Clean Solutions Ltd. for the marketing of its hydroxyl generating system.

    AGRI: Key Financials

    On November 15, 2021, AGRI reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.

    Revenue

    No revenues were reported by the company in the comparable quarter in 2021 and 2020.

    EPS

    Net loss basic and diluted per share in the third quarter of 2021 was $1.82 million or $0.14 against $0.97 million or $0.12 in the same period of 2020.

    Conclusion

    AGRI stock outdid by 36% in the year-to-date period. The company’s recent stock incline points towards its announcement of its entry into a binding LOI agreement with Deroose Plants.