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Tag: Fangdd stock

  • Strong Pre-Hour Gains For FangDD Network (DUO) Shares

    Strong Pre-Hour Gains For FangDD Network (DUO) Shares

    FangDD Network Group Ltd. (NASDAQ: DUO) has recently observed a notable increase in its stock prices, a development attributed to the successful execution of its substitution listing plan.

    As of the latest pre-market check, shares of DUO were trading at $4.39, reflecting a substantial rise of 29.50%. This follows a preceding gain of 9.35%, which concluded the previous session at $3.39, indicating a robust investor sentiment surrounding the company.

    Execution of Substitution Listing

    This week, FangDD Network (DUO) implemented its substitution listing plan, having previously announced its intention to delist its American depositary shares (ADSs) from The Nasdaq Capital Market.

    The Bank of New York Mellon has acted as the depositary for the company’s ADSs throughout this process. Following the delisting, FangDD listed its Class A ordinary shares, previously represented by the ADSs, for trading on Nasdaq on September 30, 2024. Each ADS corresponds to one Class A ordinary share, with a par value of $0.0005625.

    Details of the Exchange Process

    In preparation for the substitution listing, the Depositary mandated the surrender of all ADSs to facilitate their exchange into the company’s Class A ordinary shares. The exchange process commenced on the designated Exchange Date, marking the beginning of trading for FangDD’s Class A ordinary shares on Nasdaq, while trading of the ADSs was subsequently suspended.

    New Equity Offering

    In addition to the substitution listing, FangDD has engaged in a securities purchase agreement with select investors to issue and sell 1,612,902 Class A ordinary shares at a price of $1.55 per share through a registered direct offering. The Purchase Agreement encompasses standard representations, warranties, and other provisions typical for transactions of this nature.

    The offering is anticipated to close around October 2, 2024, contingent upon meeting customary closing conditions. FangDD intends to allocate the net proceeds from this offering for general corporate purposes, with MM Global Securities, Inc. appointed as the exclusive placement agent for the transaction.

  • Pre-Market Cues: 29 Stocks Roaring for Change On December 7th

    Pre-Market Cues: 29 Stocks Roaring for Change On December 7th

    HL Acquisitions Corp. (HCCH) is up more than 5.38% at $25.25 in pre-market hours Monday December 07, 2020. The firm recently reported that that the shareholders of HL have approved the business combination between HL and Fusion Fuel at an annual general meeting of shareholders. The stock had jumped over 27.65% to $23.96 in the last trading session.
    China HGS Real Estate Inc. (NASDAQ: HGSH) shares are trading down -17.83% at $2.12 at the time of writing. Company’s 52-week ranged between $0.48 to $4.40.
    Cinedigm Corp. (CIDM) grew over 4.07% at $0.7269 in pre-market trading today after announcing eight additional linear streaming channels are now available on Rad’s fast-growing global streaming platform.
    Before the trading started on December 07, 2020, PDS Biotechnology Corporation (PDSB) is down -7.49% to reach $2.47. It has been trading in a 52-week range of $0.62 to $4.98.
    Pioneer Power Solutions Inc. (PPSI), a Electrical Equipment & Parts company, dropped about -6.59% at $4.11 in pre-market trading Monday. The company lately declared that it has finalized a conclusive settlement with Myers Power Products, Inc., a specialty electrical products manufacturer.
    Castor Maritime Inc. (NASDAQ: CTRM) shares are trading down -3.25% at $0.1935 at the time of writing. Company’s 52-week ranged between $0.11 to $2.60.
    RMG Acquisition Corp. (RMG) is down more than -5.62% at $17.31 in pre-market hours Monday December 07, 2020. The firm recently announced the nomination of Paul Williams to serve on the board of directors of Romeo Power upon consummation of merger. The stock had jumped over 19.95% to $18.34 in the last trading session.
    Before the trading started on December 07, 2020, Energy Fuels Inc. (UUUU) is up 6.2% to reach $2.74. It has been trading in a 52-week range of $0.78 to $2.42.
    Safe-T Group Ltd (SFET) stock soared 20.49% to $1.47 in the pre-market trading. The technology firm recently declared that it will hold a virtual event – webinar with Fujitsu, a global information and communication technology (ICT) company, on December 10, 2020.
    Before the trading started on December 07, 2020, ENGlobal Corporation (ENG) is up 4.42% to reach $1.89. It has been trading in a 52-week range of $0.46 to $4.32.
    Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) shares are trading down -6.96% at $1.47 at the time of writing after reporting that it will provide its QuadSight® multispectral vision solution, and is expected to receive approximately one million USD from the European Commission through the Horizon 2020 framework program. Company’s 52-week ranged between $0.46 to $1.95. Analysts have a consensus price target of $16.
    Hennessy Capital Acquisition Corp. IV (HCAC) is up more than 16.13% at $15.62 in pre-market hours Monday December 07, 2020. The stock had jumped over 10.52% to $13.45 in the last trading session.
    Sesen Bio Inc. (SESN) is up more than 4.58% at $1.6 in pre-market hours Monday December 07, 2020. The firm recently revealed partnership with Hikma Pharmaceuticals for the commercialization of Vicineum™ in the Middle East and North Africa. The stock had jumped over 15.04% to $1.53 in the last trading session.
    Before the trading started on December 07, 2020, Apache Corporation (APA) is down -2.5% to reach $14.8. It has been trading in a 52-week range of $3.80 to $33.77.
    BlackBerry Limited (NYSE: BB) shares are trading down -2.7% at $8.29 at the time of writing after declaring that it will report results for the third quarter of fiscal year 2021 at 5:30 p.m. ET on Thursday, December 17, 2020. Company’s 52-week ranged between $2.70 to $9.69.
    TechnipFMC plc (NYSE: FTI) shares are trading down -3.41% at $9.92 at the time of writing. Company’s 52-week ranged between $4.49 to $21.84.
    Nesco Holdings Inc. (NSCO) tumbled over -12.41% at $5.86 in pre-market trading today as the firm revealed that it has entered into a definitive agreement to acquire Custom Truck One Source (“CTOS”) for a purchase price of $1.475 billion.
    Penn Virginia Corporation (PVAC) is down more than -2.05% at $9.55 in pre-market hours Monday December 07, 2020. The stock had jumped over 7.50% to $9.75 in the last trading session.
    Uranium Energy Corp. (UEC) stock soared 11.57% to $1.35 in the pre-market trading after reporting that the U.S. Senate Committee on Environment and Public Works (EPW) has approved a bipartisan bill entitled the American Nuclear Infrastructure Act (ANIA). The most recent rating by Canaccord Genuity, on October 14, 2020, is a Speculative buy.
    Lyft Inc. (NASDAQ: LYFT) shares are trading up 2.67% at $47.33 at the time of writing. Company’s 52-week ranged between $14.56 to $54.50.
    Verb Technology Company Inc. (VERB) grew over 2.46% at $1.25 in pre-market trading today. The firm lately revealed that it will deliver a presentation at the Benzinga Global Small Cap Conference being held December 8-9, 2020.
    TransEnterix Inc. (TRXC) is down more than -7.22% at $0.47 in pre-market hours Monday December 07, 2020. The stock had jumped over 6.63% to $0.51 in the last trading session.
    FuelCell Energy Inc. (FCEL), a Electrical Equipment & Parts company, rose about 3.77% at $8.25 in pre-market trading Monday following the closing of public offering of 39,696,320 shares of common stock.
    Before the trading started on December 07, 2020, Senseonics Holdings Inc. (SENS) is up 9.28% to reach $0.4699. It has been trading in a 52-week range of $0.35 to $1.78.
    Before the trading started on December 07, 2020, The Macerich Company (MAC) is down -2.44% to reach $11.6 after declaring that the Company has earned Bureau Veritas SafeGuard™ Hygiene Excellence and Safety Certification for key properties. It has been trading in a 52-week range of $4.56 to $26.20.
    Southwestern Energy Company (SWN) stock plunged -2.33% to $2.93 in the pre-market trading. The most recent rating by UBS, on December 01, 2020, is a Sell.
    Gamida Cell Ltd. (GMDA) is up more than 7.6% at $7.5 in pre-market hours Monday December 07, 2020 after reporting in an oral presentation the updated and expanded results from a Phase 1 clinical study of GDA-201. The stock had jumped over 5.61% to $6.97 in the last trading session.
    Sintx Technologies Inc. (NASDAQ: SINT) shares are trading up 2.45% at $2.09 at the time of writing. Company’s 52-week ranged between $0.28 to $3.30.
    Matinas BioPharma Holdings Inc. (MTNB) grew over 12.84% at $1.23 in pre-market trading today after announcing collaboration with the National Institute of Allergy and Infectious Diseases to evaluate oral formulations of Gilead’s antiviral remdesivir utilizing Matinas’ LNC Platform delivery technology.

  • Fangdd Network (NASDAQ: DUO), reported a drop in Revenue of third-quarter fiscal results

    Fangdd Network (NASDAQ: DUO), reported a drop in Revenue of third-quarter fiscal results

    The top Chinese property tech firm, Fangdd Network Group Ltd. (NASDAQ: DUO), today revealed its financial report for the third quarter ended September 30, 2020.

    Revenue fell by 13.6 percent to US$120.6 million from US$144.06 million in the same period of 2019 in the third quarter of 2020.

    Revenue expenses in the third quarter of 2020 fell by 16.3 percent from US$113.8 million in the same period in 2019 to US$92.3 million. This decline was largely attributed to a decrease in commission payments charged to agents for services provided as a result of the decrease in transaction commissions.

    Gross profit fell by 3.3 percent to US$28.3 million in the third quarter of 2020 from US$30.21 million in the same span of 2019. In the third quarter of 2020, the operating margin rose from 21.0 percent in the same timeframe in 2019 to 23.5 percent.

    Operating costs in the third quarter of 2020, comprising US$3.8 million in share-based compensation expenditures, grew by 38.4 percent from US$18.54 million in the same timeframe in 2019 to US$24.9 million.

    In the third quarter of 2020, net income stood at US$3.2 million, compared to US$12.2 million in the same time frame in 2019.

    In the third quarter of 2020, non-GAAP net income was US$7.1 million, compared with US$12.1 million in the same period in 2019.

    Per American Depositary Share, basic and diluted net income was US$0.04 and US$0.04 respectively in the third quarter of 2020. In contrast, the basic and diluted net profits of the Company attributable to ordinary owners per ADS was US$0.30 and US$0.15, respectively, in the same period of 2019. Every ADS reflects the Company’s 25 ordinary shares in Class A.

    The organization estimates its sales to be between US$91.1 million and US$106.3 million for the fourth quarter of 2020. This outlook only represents the Company’s present and tentative expectations, which are subject to adjustment, on the demand and operating conditions.