Tag: CAN

  • Best Chinese Stocks to Buy Right Now with Huge Returns

    Best Chinese Stocks to Buy Right Now with Huge Returns

    With investors facing the panic of a looming recession, a number of stock categories are coming under the spotlight, as market participants consider parking their funds in different avenues.

    One area of high promise that has consistently been observed across investor discourse is the Chinese stock opportunity.

    Stocks of Chinese companies typically do not face the same macroeconomic headwinds that impact Western, and more specifically US stocks.

    Moreover, with the country gaining the edge over Covid-19, and lockdown relaxations anticipated, the Chinese economic engine is expected to once again go full throttle.

    Chinese stocks, which were held down, because of these conditions, face tremendous upside potential.

    China-based companies are increasingly aiming at taking the top spot in all major global market segments.

    Therefore, in light of this fierce ambition, we present a list of 25 great picks to help you discover the best Chinese stock to buy, in no particular order.

    What Is the Chinese Stock Market?

    What is the Chinese stock market

    So, you’ve got your eyes on the Chinese market in search of the best Chinese stock to buy? Great choice.

    But before we dive into the juicy stock picks, let’s get on the same page about the Chinese stock market.

    In a nutshell, the Chinese stock market is a bustling hub of opportunities, where companies listed on exchanges in Shanghai and Shenzhen invite investors to grab a slice of their success.

    It’s a place of growth, innovation, and bold ventures –full of surprises.

    With China’s economic might and the potential for massive returns, exploring this market could be the key to unlocking some exciting investment prospects.

    So get ready as we journey through a number of picks to help identify the best Chinese stock to buy that promises huge returns.

    Top Chinese Stocks

    Let’s now dive right into the crux of the matter. What is the best Chinese stock to buy?

    Well, the good news is we have curated a fantastic list of 25 picks that you could choose from. So buckle up, and enjoy the ride:

    1. Baidu Inc.

      The first stock on our list of Chinese stocks to buy is China’s tech star, Baidu Inc. (NASDAQ: BIDU).

      It certainly has the potential to be called the best Chinese stock to buy

      Baidu offers a range of tech and digital services, yet what we find to be a potential game-changer is its self-driving services and fleet of robotaxis, which it markets under the brand, Apollo Go.

      Apollo Go has established itself as the undisputed leader in China’s growing autonomous taxi realm.

      It has operations that span 10 Chinese cities and has reported half a million taxi rides in the last three quarters alone.

      With recent developments, Baidu is well positioned to overtake both domestic competition such as the Alibaba-backed, AutoX, as well as global giant, Tesla Inc.

      Speaking of Tesla, its widely rumored self-driving taxi service is still awaiting launch, whereas BIDU is already making its mark on its market.

      This commercial head-start is likely to prove crucial on the competitive front for the company, allowing it to innovate at a faster pace than players such as Tesla.

      Proof of Baidu’s innovative superiority comes with Baidu’s launch of the RT6 electric vehicle robotaxi.

      This spacious SUV with 36 sensors, is not only superior in terms of its taxi service but also promises a dramatic cut down in cost through optimization.

      This would allow the company to significantly scale up in the short-term and is in line with the management’s strategic objectives to operate 100,000 robotaxis by 2030.

      Management remains confident that through this goal it could achieve annual revenue of up to $1.6 billion through this segment alone.

      This emphasizes the immense upside potential that is inherent to BIDU, owing to its superior market positioning against competitors and innovative approach.

    2. Canaan Inc.

      Second, we bring forth Canaan Inc., (NASDAQ: CAN) a company that has been making revolutionary strides in integrated circuit and chip research, design, and marketing.

      If there is a pick worthy of being the best Chinese stock to buy, it would be CAN.

      Canaan holds a market edge given its own application-specific integrated circuit chips, which is also known as an ASIC chips.

      As a result, the Beijing-based company is the world’s leading producer of high-performance Bitcoin mining machinery.

      Demand for these mining systems is CAN’s strongest growth driver, with it supplying heavily to some of the leading crypto-markets in the world, which include the US, Germany, and South Korea.

      These products accounted for almost 65% of Canaan’s 2021 revenue.

      Additionally, CAN’s breakthrough ASIC chip development have also given the company exposure to a robust AI applications market.

      Given the small size and high-performance features of its chips, Canaan products are a preference amongst IoT developers, as well as those that work with facial recognition and speech analysis.

      As cryptocurrencies continue to see wider adoption, demand for Canaan mining machinery is likely to see a surge in the long term.

      Although it operates in a highly competitive industry, Canaan takes lead over its peers, by its incredibly fast time to market.

      This strategic strength of the company had led to an early monetization of its ASIC chips, giving it a first-mover’s advantage.

      Considering the enormous upside potential inherent to CAN, and the significant tailwinds that support its flight, this Chinese stock is a great one to buy.

      Despite robust financials, the stock is down by over 60% since the last 12 months, indicating the significant discount it is trading at.

      This makes the stock even more attractive, considering the bargain it offers.

    3. NIO Inc.

      Number three on our list is the Chinese EV developer, NIO Inc. (NYSE: NIO).

      Looking at the company’s present performance, there is much for investors to marvel at.

      This is a company facing the brunt of a supply chain lockdown, given China’s strict Covid-related restrictions.

      Despite this, NIO more than doubled its annual revenue in 2021, from $2.5 billion to $5.7 billion.

      Similarly, its first quarter earnings for 2022 jumped by almost 25% on a year-on-year basis.

      A reason for these impressive numbers despite severe supply challenges was the company’s strategic decision to enhance production capacity through retrofitting existing systems.

      As a result, it managed to surpass its 2021 performance significantly, despite the smooth conditions of last year.

      For July, NIO delivered over 10,000 electric vehicles, which was a 27% jump against the prior year’s July figure.

      Despite such tremendous financial performance, the stock has fallen by almost 60% in the last 12 months.

      This signals perhaps one of the strongest ‘buy-the-dip’ opportunities out there, which is simply too good to ignore.

      Moreover, we consider the relaxation of China’s Covid-19 restrictions, which is already beginning to be implemented at gradual levels.

      If the company has been performing so impressively amid such overwhelming restrictions, one can only imagine the growth that NIO would take when the environment is eventually favorable to its operations.

      The stock, therefore, stands on the verge of an imminent price explosion and thus making its place in the best Chinese stocks to buy.

    4. 360 DigiTech Inc.

      Next up, we present China’s very own, fintech star, 360 DigiTech Inc. (NASDAQ: QFIN). Financial technology will forever remain a critical part of the stability of global systems.

      360 DigiTech is well positioned to reap the benefits of the continuity and sustainability of fintech.

      After all, the company is the largest player in the world, in terms of its investment flow in monetary terms.

      2021 had proven to be the most successful financial period for QFIN, despite the broader supply-related challenges faced.

      The company had continued its earnings per share growth spurt which saw a rise from 17.3 Chinese Yuan in 2019, to an impressive 37.6 just two years later.

      Similarly, on the competitive front, no domestic peer comes close to 360 DigiTech, given its pioneer status as being the first player in the Chinese market to improve loan facilitation through its tech platform.

      With 193 million users, it is the leading Chinese loan provider.

      In the first quarter of 2022, QFIN reported the highest amount of loans provided within the country, as well as the highest revenue figure.

      Given the company’s asset-light capital structure, it offers efficient solutions to its consumers.

      Policy shifts by the Chinese government on tighter loan regulations further work in favor of QFIN.

      This is because the company’s business model ensures targeting systematic risks and excess leverage.

      The result is a stronger market position, where the company further rises above its peers.

      As the Chinese economy takes off once again with the relaxation of Covid-related restrictions, so too is QFIN likely to rise significantly, and expand its scope of services.

      QFIN offers investors exposure to the oncoming Chinese financial boom.

    5. JD.com

      The final stock on our list, and far from being the least, is the Chinese internet tech company, JD.com (NASDAQ: JD), which is more commonly referred to as JD.

      Although the company provides a wide array of services, ranging from supply chain solutions to online healthcare provision, it is primarily a fast-rising e-commerce player.

      Its online marketplace platform boasts over 550 million monthly users.

      Despite China’s recent economic slowdown, JD brought in annual revenue of a whopping $155 billion in 2021.

      The company has maintained annual growth rates of close to 30% for most of the last decade.

      According to Bloomberg analyst consensus, there is a high likelihood that sales will grow to almost $225 billion by as early as 2024.

      Despite proposing such healthy financials, the stock had still fallen by 25% in the last six months.

      This was in large part due to the pessimism surrounding the Chinese economy, given the widespread lockdowns.

      This is further exacerbated by present tensions between China and Taiwan.

      At its present price of $55, JD is trading at an incredible discount. Its PS ratio stands at a mere 0.55, in comparison to the industrial median figure of 0.95.

      Analysts have placed a target price of almost $85, which suggests an upside potential of almost 55%.

      As impressive as JD’s performance is, its fundamentals are about to skyrocket for the company.

      Most of the headwinds that had been limiting its flight are beginning to subside.

      In addition to the relaxation of Covid-19 restrictions, strict regulation toward tech companies also seems to be coming to a close.

      The sooner one buys JD the higher their potential gain on the stock is.

    6. PDD Holdings

      Alright, investors, let me tell you why PDD Holdings (PDD) or Pinduoduo, is a sweet pick! Founded in 2015, this Chinese e-commerce gem is on the upswing with a unique “group buying” model.

      It’s a top player in the booming $3.3 trillion Chinese e-commerce market, and its financials are solid!

      They’ve got a hot grocery vertical, Duoduo Grocery, and are expanding to new regions via Temu app.

      With high growth potential, strong ESG focus, and a forward-thinking approach, PDD is a compelling choice for diversifying your e-commerce portfolio.

    7. Bilibili

      Bilibili (BILI) is the hot pick you don’t wanna miss!

      Despite all the buzz about de-globalization and inflation, we see massive potential in AI, and that’s where Bilibili shines.

      Generative AI is the game-changer here, empowering individuals and SMEs, not replacing them!

      Plus, Chinese companies are all in on this tech, with Bilibili leading the charge.

      Their numbers look good, and with Sony’s backing, geopolitical risks are in check. So, ride the wave of generative AI and grab this attractive opportunity while it’s hot!

    8. Invesco Golden Dragon China

      If you’re on the lookout for a great Chinese stock pick, consider the Invesco Golden Dragon China (NASDAQ: PGJ).

      Sure, Chinese economic data has had its fair share of challenges lately, but don’t let that deter you.

      Many of the tech giants in this ETF are well-capitalized, generating solid cash flows, and benefiting from a more favorable regulatory environment.

      Plus, with potential consumer stimulus and the increasing focus on AI, this oversold tech play looks like a steal. Keep the faith, as this one could lead to some huge returns!

    9. Alibaba

      Now let’s talk Alibaba (BABA) – the Chinese stock with some serious potential.

      Sure, some people are worried about US-China tensions, but guess what? Management is all about extracting shareholder value.

      BABA’s valuation is currently at a discounted level, and they’re spinning off business units left and right.

      Plus, they’ve got a bunch of cash and investments on hand. With all these moves, there’s a chance for some serious upside.

      So, grab a seat and consider making BABA a core position in your portfolio!

    10. Xunlei

      Here’s why Xunlei (NASDAQ: XNET) is a great pick! It’s an underfollowed Chinese microcap trading way below net cash, worth about $500 million.

      With the US market overpriced, this is a unique chance for outsized returns.

      Xunlei excels in digital ventures & consumer products. Despite past ups and downs, the current management led by Jinbo Li has turned it profitable.

      Their revenue lines include cloud computing, subscriptions, and live streaming.

      Plus, they reinvest smartly in R&D, proving they’ll grow further. Consider this undervalued gem for long-term potential and big gains.

    11. BYD

      BYD (OTCPK: BYDDF) is a solid pick because they are leading the way in electric vehicle (EV) production and scaling up their BEV exports rapidly.

      Unlike some legacy ICE car makers, BYD is fully embracing the transition to pure BEV sales.

      They offer affordable BEV models in markets with limited BEV history, making them well-prepared for the shift.

      Also, their focus on over-the-air updates for a better driving experience shows their commitment to staying ahead in the EV game.

      With BYD’s clear vision and dedication, it’s a promising investment in the evolving world of electrified transport, and potentially contender for best Chinese stock to buy.

    12. Trip.com Group Limited

      Trip.com Group Limited (NASDAQ: TCOM) could be a great pick with huge returns.

      Though hit by the COVID-19 pandemic in China, things are starting to look up as the country handles the situation better.

      With pent-up demand and the potential for international travel to pick up, Trip.com stands to benefit.

      The company’s technology-driven approach and growing market share are impressive.

      While there are risks, like inflation and international travel demand, the overall outlook is positive.

      It’s a worthy consideration for investors looking to capitalize on the rebound in the travel industry.

    13. Cango Inc.

      Here’s another hot Chinese stock pick for you: Cango Inc, which is potentially a contender for best Chinese stock to buy. (NYSE: CANG)!

      After a major makeover, it’s back in the game with its first profits in almost two years.

      Cango transformed from an auto financier to a booming car-trading platform, offering new and used cars, plus cool services for car owners and dealers.

      Despite China’s slumping car market, Cango’s revenue has been on the rise for three straight quarters.

      It’s also showing impressive cost control, driving those profits up. Keep an eye on this one; it’s shifting gears in the right direction!

    14. Hesai Group

      Hesai Group (NASDAQ: HSAI) seems like a fantastic Chinese stock pick with huge potential!

      It’s a leading LiDAR technology company, and guess what? China is at the forefront of autonomous driving with its massive vehicle sensor shipments!

      Hesai controls a whopping 60% of the global LiDAR market, making it a major player.

      But Wall Street seems hesitant due to some intellectual property disputes and losses.

      However, don’t forget their remarkable revenue growth and promising future projects.

      It’s a competitive market, but Hesai could be a game-changer. So, investors, keep an eye on this one.

    15. Li Auto

      If you’re on the lookout for a hot pick in the Chinese electric vehicle scene, then Li Auto (NASDAQ: LI) is the one to consider! Why, you ask?

      Well, these guys are killing it in the production and delivery game, leaving rivals NIO and XPeng in the dust.

      With a whopping 32,575 electric vehicles delivered in June, breaking records left and right, they’re definitely making waves.

      Plus, their vehicle margins are strong, and they’re on track to hit profitability way ahead of the competition.

      All in all, Li Auto screams “strong value” in the Chinese EV market.

    16. FinVolution

      If you’re looking for a top Chinese stock pick with huge potential returns, consider FinVolution (NYSE: FINV).

      This rapidly-growing fintech company operates a peer-to-peer lending platform connecting 24 million Chinese consumers with 75 financial institutions.

      China’s economic growth forecast is on the rise, while many Western economies face a risk of recession.

      Plus, FinVolution’s founder-led team boasts experienced executives from Microsoft and Baidu.

      With its AI-powered business model and strong Q4 financial results, this undervalued stock could be a game-changer for your investment portfolio.

      Don’t miss out on this fintech gem!

    17. XPeng

      If you’re looking for a promising Chinese stock pick, consider XPeng (NYSE: XPEV), which is potentially a contender for best Chinese stock to buy.

      Despite some past price wars impacting deliveries and net profit margins, it showed a moderate recovery, indicating strong support levels at $7.

      Recently, it bounced back, fueled by impressive deliveries and optimistic G6 pre-orders.

      With its entry into the mass market and strategic pricing, consumer demand looks healthy.

      The launch of Navigation Guided Pilot software may boost sales further.

      While risks exist, analysts expect top-line growth of +34.4% through FY2025.

      Keep an eye on XPEV as a potential Buy but watch support levels closely!

    18. NetEase

      If you’re on the hunt for a top Chinese stock with huge return potential, consider NetEase (NASDAQ: NTES).

      Their mobile game, Diablo Immortal, has been a favorite among gamers who are put off by splurging on microtransactions.

      With a focus on the booming mobile gaming industry and a lineup of promising games like Eggy Party and Harry Potter: Magic Awakened, NetEase seems poised for success.

      Financially, they’re solid, and their current valuation indicates potential undervaluation.

      Keep an eye on this one, it could be a long-term winner in the gaming world!

    19. China Automotive Systems

      China Automotive Systems, Inc. (NASDAQ: CAAS) is a solid pick for adventurous investors.

      They make essential automotive products in high demand, and their strong partnerships with major players like FAW Group and General Motors boost their growth potential.

      With the rise of electric vehicles and China’s commitment to electrification, CAAS is in a sweet spot.

      Despite risks like trade tensions and competition, we see a positive outlook for the company.

      Just be mindful of the risks and consider buying on price dips.

      Remember, moderation is key, and consult an expert for foreign investment implications.

    20. Qifu Technology

      Qifu Technology Inc. (NASDAQ: QFIN) is a solid pick for investors right now and potentially contender for best Chinese stock to buy.

      The company’s recent shift in its dividend policy, offering a bi-annual dividend and a higher payout ratio, showcases its commitment to shareholders.

      While some may worry about its focus on dividends instead of aggressive growth, the increased dividend payout ratio and conservative forward dividend yield make it attractive.

      Additionally, QFIN’s technological updates, like integrating with WeChat and adopting ChatGPT, promise improved customer interactions and operational efficiency.

      Patience is key as the Chinese loan environment recovers, but the long-term potential is promising.

    21. Autohome Inc.

      If you’re on the lookout for a promising Chinese stock, consider Autohome Inc. (NYSE: ATHM).

      While the recent share price performance couldn’t be sustained, don’t let that discourage you.

      The company’s Q1 2023 results were impressive, and it’s currently trading at an attractive multiple.

      With a solid cash reserve and potential for growth, ATHM might be a hidden gem.

      Keep an eye on their strategy to address shareholder capital return, and there could be huge returns in the future.

    22. Tianqi Lithium

      Moving on to Tianqi Lithium (TQLCF): it’s a big player in the lithium game, ranked third globally.

      This Chinese powerhouse holds a diverse portfolio of assets in Australia, China, and Chile, making it a crucial player in China’s electric vehicle revolution.

      The government’s got their back too, seeing the strategic importance of lithium supply. Sales and operating income have skyrocketed, and the stock looks pretty cheap.

    23. Daqo New Energy

      If you’re looking for a hot Chinese stock pick with huge returns, consider Daqo New Energy (NYSE: DQ).

      It’s a key player in the photovoltaic supply chain, providing essential polysilicon for solar panels.

      Despite some recent beta risk due to volatility, Daqo’s low cash cost to produce polysilicon and strategic factory location in Baotou City offers a competitive edge.

      And here’s the kicker: the company’s valued at $3.54 billion, but it holds over $4.9 billion in cash and receivables!

      With solid growth potential and a strong buyback program, DQ looks like a compelling buy.

    24. Tencent Music

      Moving on. Here’s why Tencent Music (NYSE: TME; 1698. HK) is a solid pick and potential contender for the best Chinese stock to buy.

      Sure, its latest revenue might’ve taken a hit, but hey, it’s all about that net profit, which jumped 115% YoY to a sweet 1.15 billion yuan ($167 million).

      How’d they do it? Tencent Music slashed operating expenses by a whopping 25.1%, and their focus on quality subscribers paid off big time.

      While some analysts are still unsure, others are cheering with a “buy” rating, expecting a 40% upside.

      And let’s not forget their AI ventures, promising a fresh tune for growth!

    25. ANTA Sports Products

      ANTA Sports Products (OTCPK: ANPDY) is a great pick because it’s like the Nike of China.

      The company has shown impressive growth, with a revenue increase of 22% in the last decade, and it’s dominating the athletic apparel space in China.

      They own well-established brands like FILA, and their innovative products are gaining popularity.

      Although there are systematic risks with investing in Chinese stocks, ANTA’s attractive valuation and potential for double-digit growth make it a compelling choice for investors looking for huge returns.

      Just keep an eye on the Chinese government’s actions, and you’re good to go!

    Ways to Invest in Chinese Stocks

    Now that you’re all set to dive into the exciting world of Chinese stocks, let’s talk about the various ways you can actually invest in these gems.

    Ways to Invest in Chinese Stocks

    The question on your mind must be where to buy Chinese stocks.

    First up, we’ve got the classic option of buying individual Chinese stocks through your brokerage account.

    This allows you to handpick the companies you believe will hit it big and ride their success.

    If you prefer a more diversified approach, you can opt for exchange-traded funds (ETFs) that focus on Chinese stocks.

    These funds bundle a bunch of stocks together, spreading your risk across multiple companies.

    Another interesting option is American Depository Receipts (ADRs), which represent shares of Chinese companies listed on U.S. exchanges.

    This makes it easier for you to invest without dealing with foreign exchanges.

    Remember, whichever path you choose, always do thorough research and stay up-to-date with the latest news to make well-informed investment decisions.

    And always make sure you understand where to invest in Chinese stocks with the least amount of uncertainty.

    Understand the Risks

    Now it’s time to get real and talk about the risks. Remember, investing is like riding a roller coaster—it has its thrills, but it’s not without its bumps.

    Here are some potential risks you should be aware of if you are serious about finding best Chinese stock to buy:

    • Regulatory Hurdles

      Keep an eye out for changes in Chinese regulations.

      The government can be unpredictable, and new policies could impact the companies you’ve invested in.

    • Geopolitical Tensions

      China’s international relations can get tense, and trade disputes may affect the performance of Chinese stocks.

      Always consider this when you understand where to buy Chinese stocks from.

    • Currency Fluctuations

      Remember that investing in Chinese stocks means exposure to the yuan’s fluctuations against your home currency. Exchange rate movements can impact your returns.

    • Transparency Concerns

      Some Chinese companies might not meet the same disclosure standards as those in more developed markets.

      Be cautious about the lack of transparency. This is important for anyone to know who understands how to buy Chinese stocks.

    • Market Volatility

      Like any stock market, the Chinese market can be volatile. Brace yourself for ups and downs along the way.

      Keep this in mind when searching for where to invest in Chinese stocks.

    • Competition

      Chinese companies operate in a fiercely competitive landscape. Be aware that competitors might impact your chosen stocks.

    Best Online Brokers for Chinese Stocks

    Before you start your search for the best Chinese stock to buy, you need to choose a broker

    There are a lot of different brokers out there, and not all of them are created equal.

    Some are better for international trading than others.

    Here are a few of the best online brokers for Chinese stocks, for anyone that knows how to buy Chinese stocks:

    • Interactive Brokers

      This is a top pick for international trading. IBKR has low fees, a wide range of markets, and excellent customer service.

    • Charles Schwab

      Schwab is another great option for international trading. They have a wide range of features and resources, and their customer service is top-notch.

    • TD Ameritrade

      TD Ameritrade is a popular choice for U.S. investors, but they also offer access to Chinese stocks.

      They have a good selection of features and resources, and their customer service is solid.

    Features to Look for in Chinese Stock

    We now get into the nitty gritty of the things to focus on when considering various Chinese stocks.

    These core features are discussed below, and may help you in your search for the best Chinese stock to buy:

    • Strong Revenue Growth

      Look for companies with a track record of consistent revenue growth in the Chinese market.

      Growing revenue signals a healthy business and potential for higher stock prices.

    • Market Share Expansion

      Consider companies that are expanding their market share in China.

      A growing market presence indicates a competitive advantage and the potential for increased profits.

    • Government Support

      Keep an eye on stocks backed by government initiatives or policies.

      Chinese government support can boost a company’s prospects and stability.

    • Technological Innovation

      Invest in companies that are at the forefront of technological advancements in China. Innovation can drive rapid growth and disrupt traditional markets.

    • Consumer Trends

      Pay attention to companies tapping into popular consumer trends in China.

      Meeting changing consumer preferences can lead to higher demand for their products or services.

    Common Investment Terms for Investing in Chinese Stocks

    Knowing the following investment terms will help you navigate the specific challenges and opportunities that come with investing in Chinese stocks.

    Common Investment Terms for Investing in Chinese Stocks

    This is the next step to understand after figuring out where to buy Chinese stocks from.

    It is crucial to become accustomed to the following if you are looking to seek out the best Chinese stock to buy:

    • ADR (American Depositary Receipt)

      ADRs are a way for investors in the U.S. to own shares of foreign companies, like Chinese stocks, without directly trading on foreign exchanges.

      It simplifies the process of investing in Chinese companies and allows you to trade them like regular U.S. stocks.

    • H-Shares and A-Shares

      Chinese companies listed on the Hong Kong Stock Exchange have H-Shares, while companies listed on mainland Chinese exchanges have A-Shares.

      Understanding this distinction is crucial as it determines the kind of access and regulations that apply to each type of stock.

      These are a must know for anyone interested in how to buy Chinese stocks.

    • Market Capitalization

      Market cap refers to the total value of a company’s outstanding shares.

      It’s essential to know a company’s market cap when investing in Chinese stocks, as it gives you an idea of its size and relative stability in the market.

    • Regulatory Risks

      Understanding the regulatory landscape in China is vital because it can significantly impact Chinese stocks.

      Changes in regulations or government policies can lead to sudden fluctuations in stock prices.

    • Currency Exchange Rates

      As a foreign investor, knowing how currency exchange rates affect your investments in Chinese stocks is crucial.

      Fluctuations can impact your returns positively or negatively.

    • Liquidity

      Liquidity refers to how easily you can buy or sell a stock without significantly affecting its price.

      Certain Chinese stocks not listed on major exchanges may have lower liquidity, which would impact their buying and selling.

    Conclusion

    Many describe the Chinese growth engine as being unparalleled to any other, given the rapid rise of its economy.

    Chinese stocks had increasingly faced a number of challenges and headwinds, which appear to be coming to an end.

    Despite supply chain complications and a tough economic environment, a number of Chinese companies had managed to deliver jaw-dropping performance and epic growth.

    With these headwinds turning into tailwinds, there is no telling just how high these stocks will fly.

    The Chinese stocks to buy in this article each point out some of the most promising Chinese companies which are on their way to becoming some of the greatest in the world.

    The best Chinese stock to buy would ultimately depend on your preferences and tolerance.

    FAQs

    Which Brokers Trade Chinese Stocks?

    Many major international brokers offer access to Chinese stocks, including firms like Interactive Brokers, Fidelity, and Charles Schwab.

    What Are the Best Chinese Stocks?

    The best Chinese stocks vary based on individual investment goals and risk tolerance. Top-performing companies often include Alibaba, Tencent, and JD.com.

    Why Invest in Chinese Stocks?

    Investing in Chinese stocks offers exposure to a rapidly growing economy with companies positioned to benefit from a vast consumer base and technological advancements.

    How To Buy Chinese Stocks as A Foreigner Outside China?

    Foreign investors can buy Chinese stocks listed as ADRs on U.S. exchanges or through brokers offering access to international markets, subject to local regulations and restrictions.

  • Canaan Inc. (CAN) Continues to Slide Premarket After Being Bullish for Over a Week

    On March 25, Canaan Inc. (CAN) stock continued to slide down in the premarket while it had been bullish for over a week. At the time of writing, the stock was down by 9.15% in the premarket today. It seems the stock is under corrections after a continued uptrend since the company announced a share repurchase program on March 16, 2022.

    CAN entered a downtrend in yesterday’s regular session as it suffered a decline of 1.07%. At the close of the regular session, the stock had a value of $6.45 while the volume of the share exchanged was 8.84 million. In the premarket today, the stock was trading at a price of $5.86 per share, at the last check.

    The high-performance computing solutions provider for efficient complex problems, Canaan Inc. is based in China. Currently, the company has a market capitalization of $1.11 billion with its 157.95 million outstanding shares.

    What is Happening with CAN?

    On March 14, CAN plunged down to a new low of $3.10 due to proposed regulations on the crypto mining sector. Following the new low, the stock rebounded the next day as investors began to buy the dip. The bullish trend was then supported and continued by the company’s announcement of a $100 million share buy-back plan and company updates on March 16. Thus, the stock continued to gain on the news till March 23. The stock being long due for corrections, finally succumbed to it and has since continued the downfall into today’s premarket.

    So far 2022 has proven very lucky and fruitful for CAN as it stands on a year-to-date gain of 25.24%. Comparatively, the stock suffered a decline of 62.93% in the past year.

    Source: ICR Strategic Communications

    Share Repurchase Program

    On March 16, the company announced the authorization of a share repurchase program by its board of directors. Starting from the date of the announcement, the company may purchase up to US$100 million worth of its ADSs and/or Class A ordinary shares. CAN’s American Depository shares represent 15 Class A ordinary shares each. Moreover, funded from the existing cash balance, the share repurchase program will extend over 24 months period starting from March 16, 2022.

    CAN’s Fiscal 2021 Highlights

    As per the unaudited financial results for 2021, CAN had total net revenues of RMB4,986.7 million with a gross profit of RMB2,850.7 million.

    Furthermore, the non-GAAP adjusted net income was RMB2,301.6 million in 2021 against a net loss in 2020.

  • Canaan Inc. (CAN) surged in the current market; here is why?

    Canaan Inc. (CAN) surged in the current market; here is why?

    Canaan Inc. (CAN) surged in the current market after announcing its share repurchase program. CAN values at $4.80, gaining more than 38% compared to yesterday’s closing price. The stock closed at $3.46 at the end of the last trading session. The stock volume traded in the previous trading session was around 4.46 million shares. The current market cap of the company is about $829.71 million.

    CAN Share Repurchase Program

    Canaan Inc. (CAN), on March 16, 2022, announced in a press release that they intend to buy back shares worth around $100 million. The decision was made after the approval from its board of directors. Under the share repurchase program will buy outstanding American depositary shares; each consists of 15 Class A common shares. Starting from March 16, 2022, they will also buy Class A common shares over twenty-four months period.

    Under this program, they will buy back shares from time to time. The company is giving back the value to its shareholders, representing its solid balance sheet.

    CAN CEO’s Remarks

    The contemporary geopolitical tensions, local quarantine measures for COVID-19 control, and macro reasons throughout the capital market have significantly affected our stock performance, according to Canaan Chairman and CEO Nangeng Zhang. To maximize shareholder value, we would prefer to commit additional capital given the Company’s excellent fundamentals and good cash position. We finished the September 2021 share buyback program ahead of time. It shows our faith in the Company’s long-term prospects. We feel we can overcome the hurdles and accomplish more with our hard work and agility.

    Financial Highlights

    The company recently announced its fiscal 2021 results. The company announced a massive increase in its revenue, representing a 65% increase yoy. CAN record revenue of around RMB 4.9 billion. Its net income in fiscal 2021 was RMB 2 billion.

    CAN 2022 Outlook

    Net revenue of Q4 2022 for Canaan Inc. (CAN) is forecasted to be in the range of RMB 1.50 billion to RMB 1.60 billion (year-over-year growth of 275% to 300%). These projections are based on Canaan’s current and preliminary market and operating circumstances assessments.

    Conclusion

    The share repurchase program represents the company’s strong balance sheet. It represents that the company is keen on giving back the value to its shareholders.

  • Canaan Inc. (CAN) surged in the current market; here is why?

    Canaan Inc. (CAN) surged in the current market; here is why?

    Canaan Inc. (CAN) gained in the current market after announcing its unaudited fourth quarter and fiscal 2021 results. CAN values at $6.01, gaining more than 12% compared to yesterday’s closing price. The stock closed at $5.41 at the end of the last trading session. The stock volume traded in the previous trading session was around 3.18 million shares. The current market cap of the company is about $1.06 billion.

    CAN: Q4 and Fiscal 2021 Key Financials

    • Canaan Inc.’s revenue in Q4 2021 was RMB 2,184 million. It is an increase of more than 65.8% compared to the revenue of RMB 1,317.6 million in Q4 2020.
    • Fiscal 2021 revenue was RMB 4,986.7 million, more than the revenue of RMB 447.7 million in fiscal 2020.
    • The company’s net income in Q4 2021 was around RMB 1,196.5 million, less than compared to the net loss of RMB 72 million in Q4 2020.
    • CAN net income in fiscal 2021 was around RMB 2,000.3 million, and profitability improved significantly compared to the net loss of RMB 215.1 million in fiscal 2020.
    • The Q4 2021, the diluted earnings per share were 7.13 cents.
    • For fiscal 2021, the diluted earnings per share were 12.27 cents.

    CAN 2022 Outlook

    Net revenue of Q4 2022 for Canaan Inc. (CAN) is forecasted to be in the range of RMB 1.50 billion to RMB 1.60 billion (year-over-year growth of 275% to 300%). These projections are based on Canaan’s current and preliminary market and operating circumstances assessments.

    Changes in Managerial Positions

    On March 3, 2022, Mr. Shaoke Li, the Company’s Secretary, resigned for personal reasons and will continue to act as a consultant to enable a seamless transition. Ms. Lu Meng will fill Mr. Li’s role as Board Secretary.

    Conclusion

    The stock gained significantly after announcing its financial statements. The rise in revenue and profitability made the investors take an interest in its stock. Due to this, its stock is gaining today.  The company is looking forward to entering 2022 with great momentum and delivering better results in 2022.

  • Canaan Inc. (CAN) stock has jumped up in the current trading session; here’s why

    Canaan Inc. (CAN) stock has jumped up in the current trading session; here’s why

    In the current trading session, Canaan Inc. (CAN) stock soared by 0.30% to the price of $13.20 at the time of writing. CAN stock closed the previous session at $13.16. The CAN stock volume traded today is 2.2 million shares. While the average trade volume for the past three months has been 20.19 million. For the past one year, CAN stock has risen by 207.48%. In the past week, the shares jumped by 3.38%. Over the past three and six months, the stock has gained 174.17% and 571.43% respectively. Furthermore, Canaan Inc. (CAN) has is currently trading at $1.91 billion and has an outstanding share of a total of 155.50 million.

    Canaan Inc.’s operation combines Artificial Intelligence and integrated chips

    Canaan Inc. is a computer hardware company that specifically focuses on the research of integrated circuit final systems as well as the manufacturing and selling of the IC final system products. These IC final systems are integrated into the Bitcoin mining and related components while majorly focusing on China as its customer market. The company also has a supply and distribution network of operations for its system products. The company coordinates and collaborates with Northern Data AG for AI development, blockchain expertise and solutions, data-centric solutions.

    The company has the world’s first-ever RISC-V-based edge artificial intelligence (AI) chip the uses of which is applicable to smart-gadget based devices like smart door locks. Canaan is heavily investing in the research and development of advanced and sophisticated technology which include AI architectures and system on chip and chip integrations. AI chip is the core product for the company through which it expands and diversifies its portfolio of product offerings and operations.

    Announcing a partnership with Cathay Tri-Tech

    Canaan Inc has announced today that it is entering into a partnership with Cathay Tri-Tech. The partnership is based on the focus of expanding into the Artificial Intelligence architecture and technological products. This collaboration is specifically for introducing Canaan’s AI facial recognition module to the Japanese market. This AI recognition module utilizes the company’s self-developed Kendryte K210 AI chip.

    Use of Kendryte K210 for Artificial Intelligence-based facial recognition

    Kendryte K210 AI chip is purposefully designed for visual assessment tasks through its processing machine and allows for audio processing as well to some extent. Chips being the core of Canaan’s product; the k210 chip is a compact and low-power consumer which allows it to be a core chip for various ranges of applications that require facial and image recognition. This includes products and machines like smart door locks, elevator systems, vending machines, smart access controls and smart security systems.

    What Cathay gains by collaborating in this partnership?

    Through this partnership, Cathay will be creating edge computing, a C-series of AI products for the first time, and selling it. Cathay also benefits in another way from this deal; it will use Canaan’s AI facial recognition module and IoT product line to develop its own AI integrated line of products known as Artificial Intelligence of Things.

  • Canaan Creative Inc. (CAN) stock rises during pre-market trading. Here’s to know why?

    Canaan Creative Inc. (CAN) stock rises during pre-market trading. Here’s to know why?

    Canaan Creative Inc. (NASDAQ: CAN) stock declined by 8.32% in the last trading close whereas the CAN stock price rises by 11.16% in the pre-market trading session. Any recent news is not provided as the reason for the rise and fall of CAN stock. Canaan is a computer hardware manufacturing company based in China. CAN mainly deal with Blockchain servers and ASIC microprocessor solutions to be used in the mining of Bitcoin. In the beginning, Canaan used to develop FPGA products through the SHA-256 algorithm.

    What is happening?

    Recently it has been seen that Bitcoin the world’s largest cryptocurrency is getting bigger. On March 11, a 2% increase in the price of bitcoin was recorded which made it to $58,000 per bitcoin. Eventually causing the market capitalization of Bitcoin to reach $1.07 trillion. On the same day, the latest economic stimulus package was signed by President Joe Biden that caused a major rally on Wall Street. The rise in Bitcoin price and the stimulus together caused a major increase in cryptocurrency stocks. This gives an overview of what is recently happening to cause the CAN stock to rise.

    On the other hand, it is being mentioned that Canaan already has orders for around 100,000 Bitcoin machines which means that the rise in Bitcoin price is of more interest for other Bitcoin mining companies than Canaan. Hence these orders have already pushed the company’s capacity to the limit for the rest of 2021 and possibly more than that. It is possible that the rising price of Bitcoin might increase mining demand but Canaan will not be able to meet it unless it also expands its manufacturing capacity.

    Now what?

    We cannot deny to the existing problem of operating at capacity for Canaan therefore it would be irrational to forecast Canaan’s revenue and progress in this year 2021.  Nonetheless, Canaan has shown positive developments but the investors still need to be sure before making any durable investment also because the price of Canaan’s Bitcoin mining machines is also uncertain and can be affected by various reasons.

  • 24 stocks making the biggest moves premarket today

    24 stocks making the biggest moves premarket today

    Bionano Genomics Inc. (BNGO) stock soared 55.84% to $4.8 in the pre-‎market trading. The company recently granted 180-day extension by Nasdaq to regain ‎compliance with bid price rule. The most recent rating by Ladenburg Thalmann, on September ‎‎24, 2020, is a Buy.‎

    Jaguar Health Inc. (JAGX) grew over 14.11% at $0.93 in pre-market trading ‎today.‎

    Castor Maritime Inc. (NASDAQ: CTRM) shares are trading up 5.41% at $0.195 ‎at the time of writing after revealing the pricing of $18.0 million registered direct offering. ‎Company’s 52-week ranged between $0.11 to $2.60.‎

    Bit Digital Inc. (BTBT), a Software – Application company, rose about 18.3% at ‎‎$25.92 ‎in pre-market trading Monday.‎

    Canaan Inc. (CAN) stock moved up 18.72 percent to $7.04 in the pre-market ‎trading.‎

    Ebang International Holdings Inc. (EBON) stock soared 25.7% to $7.63 in the ‎pre-market trading after declared that the Company expects to commence public testing of its ‎cryptocurrency exchange and officially launch the exchange in the first quarter of 2021.‎

    Riot Blockchain Inc. (NASDAQ: RIOT) shares are trading up 7.18% at $18.21 ‎at the time of writing. Company’s 52-week ranged between $0.51 to $18.16.‎

    Marathon Patent Group Inc. (MARA) stock moved up 10.92 percent to $11.58 ‎in the pre-market trading following the declaration from the firm that that it has successfully ‎completed its $200 million shelf offering by utilizing its at-the-market (ATM) facility. ‎

    Seanergy Maritime Holdings Corp. (SHIP) lost over -2.7% at $0.5231 in pre-‎market trading Monday January 04, 2021.‎

    Li Auto Inc. (LI) gained over 4.68% at $30.18 in pre-market ‎trading ‎Monday ‎January ‎‎04, 2021 after reporting that the Company delivered 6,126 Li ONEs in ‎December ‎‎2020, ‎representing an ‎increase of 31.9% month-over-month and 529.6% year-over-‎year. ‎

    Gevo Inc. (GEVO) grew over 10.12% at $4.68 in pre-market trading today.‎

    Before the trading started on January 04, 2021, Kinross Gold Corporation ‎‎(KGC) is up 4.9% to reach $7.7. It has been trading in a 52-week range of $2.72 to ‎‎$10.31.‎

    Ocugen Inc. (OCGN), a Biotechnology company, rose about 125.14% at $4.12 ‎in pre-‎‎‎‎market trading Monday.‎

    Color Star Technology Co. Ltd. (CSCW) stock plunged -9.79% to $0.6351 in the ‎pre-market trading. The company recently revealed strategic partnership with two UAE ‎companies. ‎

    Avinger Inc. (AVGR) is up more than 8.16% at $0.476 in pre-market hours ‎Monday ‎January 04, 2021. The stock had dropped over -6.86% to $0.44 in the last trading ‎session.‎

    Harmony Gold Mining Company Limited (HMY) stock soared 9.19% to $5.11 ‎in ‎the ‎pre-market trading. The most recent rating by JP Morgan, on February 21, 2019, is an ‎Overweight.‎

    PEDEVCO Corp. (PED) is down more than -5.3% at $1.43 in pre-‎‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 20.80% to $1.51 in the last ‎trading ‎session.‎

    Orbital Energy Group Inc. (NASDAQ: OEG) shares are trading up 5.02% at ‎‎$2.3 at ‎the ‎time of writing after pricing $10 million registered direct offering. Company’s 52-‎week ranged ‎between ‎‎$0.45 to $2.80.‎

    Aethlon Medical Inc. (AEMD) is down more than -6.88% at $2.3 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 19.32% to $2.47 in the last ‎trading session.‎

    Before the trading started on January 04, 2021, Invitae Corporation (NVTA) is ‎up 4.31% to reach $43.61. The company recently revealed that Sean George, co-founder and ‎chief executive officer of Invitae, will present at the 39th Annual J.P. Morgan Healthcare ‎Conference on Tuesday, January 12, 2021 at 10:50 a.m. Eastern/7:50 a.m. Pacific. It has been ‎trading in a 52-week range of $7.41 to $61.59.‎

    Hall of Fame Resort & Entertainment Company (HOFV), a ‎Entertainment ‎company, ‎rose about 31.71% at $1.62 in pre-market trading Monday.‎

    T2 Biosystems Inc. (TTOO) is down more than -3.23% at $1.2 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had dropped over -0.80% to $1.24 in the last ‎trading session.‎

    Clearside Biomedical Inc. (NASDAQ: CLSD) shares are trading up 7.66% ‎at ‎‎$2.95 ‎at ‎the time of writing. Company’s 52-week ranged between $1.10 to $4.13. Analysts ‎have ‎a ‎consensus ‎price target of $8.‎

    Teligent Inc. (NASDAQ: TLGT) shares are trading down -5.13% at $0.7115 at ‎the time of writing after declaring its financial results for the third quarter ended September ‎‎30, 2020. Company’s 52-week ranged between $0.46 to $6.46. Analysts have a consensus price ‎target of $2.‎

  • Early Morning Vibes: The 4 Best Stocks To Buy Now

    Trading on December 31 at the American stock markets ended in the green zone. The S&P 500 index climbed 0.64% to 3756 points, the Dow Jones rose 0.65%, the NASDAQ added 0.14%. S&P 500 and Dow Jones were able to hit new all-time highs thanks to positive statistics on weekly jobless claims. The growth of the indices for the whole of 2020 was 16% and 7%, respectively, while the growth of the high-tech NASDAQ over the past year was 44%.

    Company news

    Enphase Energy (ENPH: + 1.5%) will be listed in the S&P 500 starting January 7.

    Celsius Holdings (CELH: + 13.3%) will be listed in the S&P SmallCap 600 starting January 7.

    Elf Beauty (ELF: + 7.4%) will be listed on the S&P SmallCap 600 starting January 7.

    Today, global stock markets are showing positive dynamics on the first trading day of 2021. The news background remains calm, but market participants continue to bet on the recovery of the global economy this year thanks to effective vaccines and a fast vaccination process.

    However, while the vaccination campaign in the States is not so successful: as of January 2, only 4.2 million Americans received the first (of two) dose of the vaccine, although it was previously planned to reach the goal of 20 million. The head of the Operation Warp Speed organization suggested increasing the vaccination rate by halving Moderna’s vaccine dose for certain populations, negotiations are underway with the FDA regulator and company representatives. It is important to note that investors do not yet appear to be concerned about the slow pace of vaccinations.

    In Europe, there is still no desire from the authorities to soften coronavirus restrictions. Stricter measures can be taken in the UK. In general, after the holidays, a global increase in diseases and an increase in the burden on the health care system can be expected, but investors are optimistic and look at this as the peak of the fight against coronavirus, after which the burden on healthcare workers will begin to decrease and state borders will open.

    In the United States, an attempt to increase direct payments to the public from $ 600 to $ 2,000 was unsuccessful. Also over the weekend, attention was drawn to the delisting of Chinese telecom companies from American exchanges, which was a consequence of Donald Trump’s decree.

    Technical analysis

    Technically, the S&P 500 is prone to an upward movement. A new historical maximum was reached the day before. Buyers continue to demonstrate relative strength. At the same time, the RSI indicator is close to the overbought zone, so there is a risk of correction. To stay in an uptrend, the S&P 500 needs to hold above the 3640 level.

    Today Top Movers

    Nio Inc (NIO)‎, a Auto Manufacturer company, soared about 2.44% ‎at $49.93 in pre-market trading Monday after providing its December, fourth quarter and full year 2020 delivery results.‎

    ‎Canaan Inc (CAN) share price increased 20.57% to $7.15 during early morning ‎trading session on Monday.‎‎

    Castor Maritime Inc (CTRM) stock ascended 6.48% at $0.19 in the pre-‎market trading today following the announcement of pricing of $18.0 million registered direct offering.‎

    ‎Sundial Growers Inc (SNDL) gained over 2.30% at $0.48 in pre-market ‎trading on Monday.‎ The company recently revealed that it has closed the acquisition of a special purpose vehicle.

    Top Upgrades & Downgrades

    Barclays turned bullish on Ally Financial Inc. (ALLY), upgrading the stock to “Overweight” and assigning a $48 price target.

    The Goldman Sachs Group Inc. (GS) has won the favor of Barclays’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $362.

    Morgan Stanley (MS) received an upgrade from analysts at Barclays, who also set their one-year price target on the stock to $88. They changed their rating on MS to Overweight from Equal-Weight in a recently issued research note.

    Earlier Monday Jefferies reduced its rating on Masco Corp (NYSE: MAS) stock to Hold from Buy and assigned the price target to $61.

    Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Zions Bancorporation (NASDAQ: ZION) has been changed to Equal Weight from Overweight and the new price target is set at $50.

    Analysts at Barclays downgraded Citigroup Inc (NYSE: C)’s stock to Equal Weight from Overweight on Monday.

    Latest Insider Activity

    AbbVie Inc. (ABBV) EVP, Commercial Operations Stewart Jeffrey Ryan announced the sale of shares taking place on Dec 29 at $105.00 for some 25,290 shares. The total came to more than $2.66 million.

    Walmart Inc. (WMT) 10% Owner WALTON JIM C sold on Dec 30 a total 372,175,368 shares at $144.23 on average. The insider’s sale generated proceeds of almost $229.12 million.

    The Kroger Co. (KR) Director SARGENT RONALD declared the purchase of shares taking place on Dec 30 at $31.65 for some 3,200 shares. The transaction amount was around $0.1 million.

    Clearside Biomedical Inc. (CLSD) 10% Owner WHITMORE BRADFORD T bought on Dec 24 a total 3,179,095 shares at $1.95 on average. The purchase cost the insider an estimated $99,897.

    Important Earnings

    Top US earnings releases scheduled for tomorrow include SMART Global Holdings Inc. (NASDAQ:SGH). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.7 per share from revenues of $290.93M in the three-month period.

  • 26 stocks trending in pre-market

    Bionano Genomics Inc. (BNGO) stock soared 13.81% to $2.39 in the pre-‎market ‎trading following an announcement from the firm that Nasdaq has granted the Company an ‎additional ‎‎180-day compliance period, or until June 28, 2021. The most recent rating by Ladenburg ‎Thalmann, on ‎September 24, 2020, is a Buy. ‎

    Before the trading started on December 31, 2020, fuboTV Inc. (FUBO) is down -‎‎‎2.43% to reach $32.5. It has been trading in a 52-week range of $5.00 to $62.29.‎

    Guardion Health Sciences Inc. (NASDAQ: GHSI) shares are trading down -10.77% ‎at ‎‎$0.5247 at the time of writing. The firm lately revealed the appointment of Bret Scholtes as ‎its ‎President and Chief Executive Officer, and as a member of the Board of Directors. Company’s 52-‎week ‎ranged between $0.17 to $0.74.‎

    Nxt-ID Inc. (NXTD) stock soared 7.1% to $1.81 in the pre-market trading. ‎The ‎most ‎recent rating by Maxim Group, on November 20, 2017, is a Buy.‎

    Castor Maritime Inc. (CTRM) grew over 41.75% at $0.33 in pre-market trading ‎today ‎after receiving 180-day extension from Nasdaq to meet Nasdaq minimum bid price rule. ‎

    Net Element Inc. (NASDAQ: NETE) shares are trading down -5.21% at $15.45 at ‎the ‎time of writing. Company’s 52-week ranged between $1.47 to $20.08. ‎

    Sundial Growers Inc. (SNDL) stock moved down -1.36 percent to $0.4784 in the pre-‎‎market trading following the declaration from the company that it has closed the acquisition of ‎a ‎special purpose vehicle. ‎

    Professional Diversity Network Inc. (IPDN) gained over 14.96% at $3.15 in pre-‎‎market trading Thursday December 31, 2020 after the firm revealed its partnership with ‎Phala ‎Network.‎

    Marathon Patent Group Inc. (MARA) is up more than 7.63% at $11.71 in pre-‎market ‎hours Thursday December 31, 2020. The company recently revealed that it has entered into a ‎contract ‎with Bitmain to purchase 70,000 Antminer S-19 ASIC miners. The stock had dropped over -‎‎7.48% to ‎‎$10.88 in the last trading session.‎

    Riot Blockchain Inc. (RIOT), a Software – Application company, rose about ‎‎4.92% ‎at ‎‎$18.11 in pre-market trading Thursday.‎

    Nano Dimension Ltd. (NNDM) stock moved up 2.09 percent to $9.75 in the pre-‎‎market trading after closing $250 million registered direct offering.‎

    AIkido Pharma Inc. (AIKI) gained over 33.72% at $1.15 in pre-‎‎market ‎trading ‎Thursday December 31, 2020.‎

    Color Star Technology Co. Ltd. (NASDAQ: CSCW) shares are trading down -4.38% ‎at ‎‎$0.8032 at the time of writing after declaring strategic partnership with two UAE ‎companies. ‎Company’s 52-week ranged between $0.31 to $2.06.‎

    IMAC Holdings Inc. (IMAC) stock moved down -4.08 percent to $1.41 in the pre-‎‎market trading after reporting completion of first infusion of Stem Cells in clinical study for ‎the ‎treatment of Bradykinesia due to Parkinson’s disease.‎

    Ampio Pharmaceuticals Inc. (AMPE) stock soared 12.84% to $1.67 in the pre-‎market ‎trading. The firm recently revealed that it has received guidance from the U.S Food & ‎Drug ‎Administration regarding the impact of COVID-19 on its Phase III clinical trial for osteoarthritis of ‎the ‎knee. The most recent rating by ROTH Capital, on December 19, 2019, is a Buy.‎

    Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) shares are trading up 5.76% ‎at ‎‎$49.4 at the time of writing after the company announced that it would develop a therapeutic spray ‎as ‎a candidate to treat the hereditary lung and digestive-system disease cystic fibrosis. Company’s 52-‎‎week ranged between $8.51 to $129.71. Analysts have a consensus price target of $69. ‎

    Before the trading started on December 31, 2020, Baidu Inc. (BIDU) is up ‎‎3.53% ‎to ‎reach $227.38. It has been trading in a 52-week range of $82.00 to $202.79.‎

    Greenpro Capital Corp. (GRNQ) is up more than 3.11% at $1.99 in pre-market ‎hours ‎Thursday December 31, 2020. The company lately revealed that it intends to set up a Bitcoin ‎‎($BTC) ‎Fund for investment. The stock had jumped over 3.76% to $1.93 in the last trading session.‎

    Onconova Therapeutics Inc. (ONTX) is down more than -3.79% at $0.49 in pre-‎‎market hours Thursday December 31, 2020. The stock had jumped over 18.88% to $0.51 in the ‎last ‎trading session.‎

    JinkoSolar Holding Co. Ltd. (JKS) grew over 2.28% at $65.55 in pre-market ‎trading ‎today. The firm recently revealed annual general meeting 2020 ‎results.‎

    Tonix Pharmaceuticals Holding Corp. (TNXP) lost over -2.76% at $0.6632 in pre-‎‎market trading Thursday December 31, 2020.‎

    Osmotica Pharmaceuticals plc (OSMT) stock moved down -2.13 percent to $4.14 ‎in ‎the pre-market trading after declaring that the U.S. Food and Drug Administration (FDA) has ‎declined ‎to approve one of its products. ‎

    Cinedigm Corp. (CIDM) is down more than -0.69% at $0.62 in pre-‎market ‎hours ‎Thursday December 31, 2020. The stock had dropped over -9.51% to $0.62 in the last ‎trading ‎session.‎

    Novan Inc. (NOVN), a Biotechnology company, dropped about -7.71% at $0.969 ‎in ‎pre-market trading Thursday.‎

    Before the trading started on December 31, 2020, Canaan Inc. (CAN) is ‎up ‎‎25.57% ‎to ‎reach $5.5. It has been trading in a 52-week range of $1.76 to $8.69.‎

    500.com Limited (WBAI) gained over 5.12% at $8.0 in pre-market trading ‎Thursday ‎December 31, 2020. The company recently declared that Mr. Zhaofu Tian has resigned as ‎Chief ‎Technology Officer of the Company due to personal reasons.‎

  • 23 Stocks Making Sharp Moves in Pre Market Session

    23 Stocks Making Sharp Moves in Pre Market Session

    Bionano Genomics Inc. (BNGO) stock soared 46.62% to $1.95 in the pre-‎market ‎trading after reporting that Praxis Genomics, LLC received accreditation from the College of ‎American ‎Pathologists (CAP). The most recent rating by Ladenburg Thalmann, on September 24, 2020, ‎is a Buy.‎

    Tenax Therapeutics Inc. (NASDAQ: TENX) shares are trading down -7.07% at $1.84 ‎at ‎the time of writing. Company’s 52-week ranged between $0.25 to $2.68.‎

    Ideanomics Inc. (IDEX) stock soared 2.87% to $2.15 in the pre-market trading. ‎The ‎company recently revealed that its Mobile Energy Global (“MEG”) and its contracting entity ‎Qingdao ‎Chengyang Medici have signed an agreement with Meihao Chuxing, a joint venture between ‎BYD and ‎Didi, to purchase an initial 2,000 units of model BYD D1. ‎

    Oxbridge Re Holdings Limited (OXBR) stock moved down -6.83 percent to $1.91 ‎in ‎the pre-market trading.‎

    Guardion Health Sciences Inc. (NASDAQ: GHSI) shares are trading up 12.48% ‎at ‎‎$0.4289 at the time of writing. The firm lately declared the appointment of seasoned ‎nutritional ‎products industry leader Bret Scholtes as President and Chief Executive Officer. Company’s ‎‎52-week ‎ranged between $0.17 to $0.74.‎

    Gevo Inc. (GEVO) is down more than -4.76% at $4.4 in pre-market ‎hours ‎Wednesday December 30, 2020. The stock had dropped over -4.15% to $4.62 in the last ‎trading ‎session.‎

    Universal Security Instruments Inc. (UUU) stock moved up 5.0 percent to $5.25 ‎in ‎the pre-market trading following its statement regarding recent market activity in the ‎Company’s ‎stock.‎

    Marathon Patent Group Inc. (MARA) gained over 10.03% at $12.94 in pre-‎market ‎trading Wednesday December 30, 2020. The company recently reported that it has entered ‎into a ‎contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners.‎

    Before the trading started on December 30, 2020, Ocugen Inc. (OCGN) is down -‎‎‎7.83% to reach $2.0. It has been trading in a 52-week range of $0.17 to $3.05.‎

    Before the trading started on December 30, 2020, Moderna Inc. (MRNA) is ‎up ‎‎3.59% to reach $118.5 following the declaration from the company that the it is engaged in ‎discussions ‎with the government of South Korea to potentially provide 40 million or more doses of the ‎Moderna ‎COVID-19 Vaccine to support South Korea’s aim of providing vaccines to the public as soon as ‎possible. ‎It has been trading in a 52-week range of $17.68 to $178.50.‎

    Riot Blockchain Inc. (RIOT) stock soared 6.02% to $16.74 in the pre-market trading.‎

    Technical Communications Corporation (NASDAQ: TCCO) shares are trading down -‎‎‎16.78% at $4.76 at the time of writing after declaring its results for the fiscal year ended September ‎‎26, ‎‎2020. Company’s 52-week ranged between $1.72 to $7.00.‎

    Tonix Pharmaceuticals Holding Corp. (TNXP) is up more than 2.21% at $0.6695 ‎in ‎pre-market hours Wednesday December 30, 2020. The stock had dropped over -6.16% to $0.65 in ‎the ‎last trading session.‎

    AstraZeneca PLC (AZN) gained over 2.26% at $51.03 in pre-market ‎trading ‎Wednesday December 30, 2020 after receiving approval of its coronavirus vaccine in U.K.‎

    New Concept Energy Inc. (AMEX: GBR) shares are trading down -14.75% at $2.08 ‎at ‎the time of writing. Company’s 52-week ranged between $0.55 to $2.19.‎

    Moleculin Biotech Inc. (MBRX) stock plunged -1.67% to $0.8279 in the pre-‎market ‎trading after declaring that that the US Food and Drug Administration (FDA) has granted ‎Orphan Drug ‎Designation (ODD) to Annamycin for treatment of soft tissue sarcomas.‎

    MoSys Inc. (MOSY), a Semiconductors company, dropped about -13.22% at $2.1 ‎in ‎pre-market trading Wednesday.‎

    Before the trading started on December 30, 2020, Greenpro Capital Corp. (GRNQ) ‎is ‎down -2.15% to reach $1.82. The company lately revealed that it intends to set up a Bitcoin ‎‎($BTC) ‎Fund for investment. It has been trading in a 52-week range of $0.21 to $3.12.‎

    Nxt-ID Inc. (NXTD) gained over 9.92% at $1.44 in pre-market trading ‎Wednesday ‎December 30, 2020.‎

    Hepion Pharmaceuticals Inc. (HEPA) gained over 50.0% at $3.12 in pre-‎market ‎trading Wednesday December 30, 2020 after declaring positive top line data for low dose ‎CRV431 in ‎Phase 2a ‘AMBITION’ clinical trial for treatment of Advanced NASH.‎

    XPeng Inc. (XPEV) is up more than 3.13% at $42.85 in pre-market hours ‎Wednesday ‎December 30, 2020. The stock had jumped over 9.31% to $41.55 in the last trading session.‎

    BioNTech SE (BNTX) is up more than 3.5% at $91.37 in pre-market hours ‎Wednesday ‎December 30, 2020 following declaration from the financial magazine Caixin that Shanghai ‎Fosun ‎Pharmaceutical Group will set up a joint venture with BioNTech to produce COVID-19 vaccines in ‎China. ‎The stock had jumped over 0.19% to $88.28 in the last trading session.‎

    Before the trading started on December 30, 2020, Bit Digital Inc. (BTBT) is up ‎‎14.58% ‎to reach $12.1. It has been trading in a 52-week range of $0.28 to $12.45.‎