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Tag: JRJC

  • China Finance Online Co. Ltd. (JRJC) Stock Nose-dived in Early Trading. Here’s the Reason.

    China Finance Online Co. Ltd. (JRJC) is an innovative digital financial services provider to investors. The company focuses on fintech-powered digital access to wealth management tools along with providing a financial database to customers. The company also offer basic financial software and securities investment advisory platform to investors.

    The price of JRJC stock during the regular trading on January 20, 2022, was last checked to be $4.07 with a 37.02% drop.

    JRJC: Events and Happenings

    On January 20, 2022, JRJC reported the receipt of notification from NASDAQ regarding the delisting of the company’s ADSs on January 19, 2022. The delisting was done subsequently after the applicable appeal time period had been lapsed. The company also announced that NASDAQ suspended the business in the company’s ADSs with effect from January 21, 2022.

    On December 27, 2021, JRJC reported about its entry into a securities acquisition contract for private placements of 110 million of the company’s ordinary shares and warrants. The shares were purchased for approximately $13.2 million at a public price of $6.00 per share. The warrants were acquired at an exercise price of $7.60 per share.

    JRJC: Key Financials

    On Nov. 29, 2021, JRJC reported its financial results for the first half ended June 30, 2021. Some of the key updates are as follows

    Revenue

    Net revenues for H1 2021 were $14.8 million compared to $19.6 million for the same period of 2020.

    Net Loss per Share

    Basic and diluted net loss for H1 2021 was $5.1 million or $2.19 per share as compared with a net loss of $3.4 million or $1.41 per share in the same period of 2020.

    On October 7, 2021, JRJC reported about the receipt of notification from NASDAQ regarding the grant to the Company’s application to phase down to the Nasdaq. On September 14, 2021, JRJC reported raising approximately $1.17 million for added working capital from the company’s management and an investor in August and September.

    Conclusion

    JRJC stock dipped 56% from the last six months as a result of the economic recession, the main factor of which is pandemic. The current early trading dip of the company’s stock is the result of the receipt of notification of delisting from the NASDAQ. The analysts are hoping that the company will regain its listing status with the NASDAQ to improve its rating among the investors’ circle.

  • 3 Stocks Recording Huge Gains despite Dow and NASDAQ Volatility

    3 Stocks Recording Huge Gains despite Dow and NASDAQ Volatility

    It’s a mixed day for the U.S equity markets. The markets rallied in the morning, but have since shed most of those gains. The DOW and the NASDAQ have dropped mainly due to a nosedive of big tech stocks. Nonetheless, the markets have been held up by the energy and travel industries that have recorded strong gains today. Outside of these sectors, strong gains by biotech stocks that are making progress on COVID-19, and finance stocks with positive earnings are holding up the markets. Some of the big gainers at the moment are as below:

    Genetic Technologies Limited [NASDAQ:GENE]

    Gene Technologies Limited is one of the biggest gainers this afternoon and is currently up by 145.13%. This rally comes hours after the company gave an update on its COVID-19 severity tests. One of the key highlights of the update is that the company has filed for a provisional patent for its COVID-19 severity test in Australia. The company also announced that it was through with the design and initial production of the SNP panel needed for the process of the polygenic risk test aspect of the COVID-`19 severity risk tests. The company further announced that that it had held discussions with the National Association of testing authorities and the Centers for Medical and Medicaid Services for approval of its COVID-19 severity test. Given the havoc that COVID-19 has caused across the world, the market seems to be responding positively to the news by this company’s test update.

    The Goldman Sachs Group [NYSE:GS]

    Goldman Sachs is volatile this afternoon, but it is still in the green. This comes after the company released strong Q2 earnings. According to the Motley Fool, Goldman Sachs reported that total revenues in the quarter stood at $13.3 billion, an increase of 41% higher than the last financial year. This figure is also $3.54 billion higher than what analysts were projecting. The company also announced that its global market revenue rose by 93% to hit $7.18 billion.  It also announced an increase in its earnings per share from $5.81 to $6.26.

    China Finance Online Co. Limited [NASDAQ:JRJC]

    This is one of the biggest gainers this afternoon and is up by 129.86%. This follows the company’s announcement that it had entered into an agreement with Dow Jones. Under the deal, the Dow Jones will offer China Finance Online with a subset of its Chinese language newswire service.  The two will also collaborate to efficiently provide data on financial information in China. They also announced that through their partnership, they will bring together worldwide financial news from Dow Jones and China Finance Online’s data and market engagement in China.  The magnitude of the deal has excited the market as is evident in its price action.