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Tag: LGHL

  • Shares of Lion Group Holding Ltd. (LGHL) stock Continue its Uptrend After Hours

    On February 07, shares of Lion Group Holding Ltd. (LGHL) continued to rise after hours to reach $1.06. There is no official announcement, SEC filing, or upcoming event in the company’s timeline.

    In the previous trading session, the stock remained bullish with a gain of 17.49%. LGHL closed the session at $0.9752 with 919.05K shares exchanging. The stock continued its bullish trend in the after-hours to add a further 8.70% at 281.67K shares.

    Founded in 2020, the development stage company, Lion Group Holding Ltd. is based in Kowloon Bay, Hong Kong. Presently, its 29.33 million outstanding shares trade at a market capitalization of $32.51 million.

    LGHL Stock Movement

    LGHL stock had been in a downtrend since February 02, 2022. No official news, SEC filing, or upcoming event is responsible for the stock’s movement. After falling down for a few days, the stock went down to its 52-week low of $0.81 on February 03. The next day, the stock closed the session just above the 52-week low a $0.83. It seems like the low value of the stock presented a good buying opportunity to investors. Hence, LGHL stock rebounded to add 17.49% and 8.70% in the trading sessions on Monday.

    Currently, LGHL stands at a year-to-date loss of 26.12% while it has added 4.04% in the last five days. Moreover, the stock subtracted a huge value of over 73.6% in the past year 2021.

    Successful Blind Box Sales

    On January 19, the company announced the successful sales of its blind boxes. It was just a week before the company launched its NFT platform, MetaWords a meta-language NFT. Along with the unique mechanics, MetaWords introduced the blind box on January 17 to the market. Since the launch, LGHL’s all 2,742 blind boxes which contained MetaWords characters and fragments of Xu Bing’s Book from the Ground, have sold.

    With the floor price of 20BNB, each day one new MetaWords character was introduced since the launch of the NFT platform.

    LGHL’s Financial Overview

    On September 30, the company announced its unaudited financial results for the first half of 2021.

    In the first half of 2021, LGHL’s total revenues were $3.6 million, marking a decline of 44% YOY from $6.4 million.

    Furthermore, the company has a non-GAAP net loss of $6.7 million in the first half of 2021. Comparatively, the company had a non-GAAP net income of $2.4 million in the year-ago period.

  • Lion Group Holding Ltd. (LGHL) Stock on the Rise Following Launch of Meta World NFT Online Marketplace

    Lion Group Holding Ltd. (LGHL) stock prices were up 2.48% shortly after market trading commenced on July 26th, 2021, bringing the price per share up USD$2.11 early on in the trading day.

    Launch of Meta World

    July 23rd, 2021 saw LGHL announce the launch of its subsidiary, Lion NFT Ltd.’s, non-fungible token market platform, known as Meta World. The NFT market platform will be available online before the end of July 2021. LGHL stock’s subsidiary is registered in the British Virgin Islands and conducts the bulk of its business via investments and innovations in digital assets. The parent company holds an MSB license through the U.S Treasury Department’s FinCEN., as well as an encrypted commodity operating license through the DMCC.

    LGHL Stock’s Foray into NFTs

    Leveraging these resources, Lion Group Holding Ltd. (LGHL) is poised to facilitate the provision of services such as digital asset exchange, NFT innovation, issuance, and trading on a global scale. LGHL stock’s platform is being designed to become the world’s top one-stop, cross-chain, high-expansion NFT marketplace. It will allow users to connect and trade with digital currency, as well as a digital wallet that will be linked the platform and will be accessible upon login.

    Comprehensive NFT Solution

    The new platform establishes a complete industry chain ranging from exploration and creation to pricing, buying, and selling. The platform will make use of blockchain technology to encrypt artwork such as photographs, videos, audios, and 3D pieces, while also generating relevant information that will facilitate the production of NFTs. Meta World will serve to create a foundation for an efficient digital world with the promotion of the value circulation of global resources.

    Set to Revolutionize Markets

    NFTs see illiquid digital works of art being made available to the public as valuable and investable digital collections. With the proliferation of additional NFT applications, LGHL stock’s platform will become a critical part of the digital transformation of various industries. With the global encryption economy developing rapidly, Lion Group Holding Ltd. (LGHL) is poised to capitalize on the burgeoning market with its NFT platform.

    Future Outlook for LGHL Stock

    Armed with its exciting foray into the massively expanding NFT market, LGHL stock is poised to capitalize on the added opportunities ahead of it. The company is striving to continue its trajectory of success with the efficient allocation of its resources, which investors hope will result in long-term increases in shareholder value.

  • Lion Group Holding Ltd. (LGHL) stock plunges in the pre-market. Why is it so?

    Lion Group Holding Ltd. (LGHL) stock plunges in the pre-market. Why is it so?

    Lion Group Holding Ltd. (LGHL) stock declined by 0.4% in the last trading close whereas the LGHL stock continues to decline by 8.81% during the pre-market trading session after LGHL announced its full year 2020 financial results ended on December 31. Lion Group Holding is an all-in-one trading framework that focuses on Chinese investors and provides a broad variety of goods and services.

    2020 Financial Results

    • The revenue generated by LGHL in the year 2020 was $10.2 million which was $18.5million for the year 2019 that indicates a decrease of 44.8% in the revenue.
    • LGHL has undergone a net loss of $3.4 million compared to a net income of $8.2 million from the previous year.
    • The total number of client accounts associated with revenue generating was increased by 23.8% in the year 2020. Total accounts calculated were 5010 compared to 4047 from the previous year.
    • The generated Non-GAAP net income for the full year 2020 was $0.3 million compared to $8.2million for the year 2019.
    • CFD trading volume for the year 2020 was also declined by 72.3% from 806,111 lots in 2019 to 223,018 lots this year.

    2021 Outlook

    Lion Group Holdings announced that Mr. Guangdong Wang has become a member of the Board and is expected to play a vital role in LGHL’s TRS trading business since he has experience of 10 years of in quantitative trading. Also in the statement given, LGHL clarified that they are expecting their CFD trading services to remain a significant source of revenue in the future, as they have partnered with Yun Tian Investment Limited, which has tasked a team of talent in the areas of finance, technology, and marketing to help LGHL in accelerating their TRS trading business growth.

    With the ongoing COVID-19 pandemic situation, LGHL is hopeful that by the time most of the people will receive vaccination, their business will return back to normal. The expected time for that is June 2021 as it is mentioned by LGHL that they have entered into this with their long-term and efficient strategies for the business.

  • Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    On January 11, American stock markets closed in the red. The S & P500 index fell 0.66% to 3800 points, the Dow Jones lost 0.29%, the NASDAQ fell 1.25%. There were no new drivers for the movement, the correction was due to the fixation of positions after reaching historic highs the day before. The finance sector looked stronger than the broader market, climbing 0.43%. Investors are awaiting the release of positive quarterly reports from a number of major banks later this week.

    Corporate News

    Twitter (TWTR: -6.4%) permanently blocked Donald Trump’s account. Almost half of the active audience of the social network was subscribed to it.

    Pharmaceutical giant Ely Lilly (LLY: + 11.7%) has published positive results from a Phase II trial of an Alzheimer’s slowing drug.

    Electric car manufacturer NIO (NIO: + 6.4%) unveiled the new ET7 sedan and batteries. In addition, the company announced a collaboration with Nvidia (NVDA: + 2.6%) to develop autonomous driving technology.

    Today, global stock markets are showing mixed dynamics. The main topic of discussion remains the draft stimulus package that Joe Biden will present this Thursday. The volume of the program will exceed $ 1 trillion and may reach $ 2-3 trillion. Hope for its adoption determines the relative stability of the broad market index. Further dynamics of investor sentiment will depend on the details of Biden’s plan. There is no doubt that the President-elect will try to make the program comprehensive in order to meet the expectations of the electorate. Large-scale stimulation of the economy was the main point of Biden’s election program. Nevertheless, investors’ expectations are already quite high. The S&P 500 is at historic highs. Talk of excessive investor optimism is increasingly broadcast in the business media.

    Today there will be speeches by several representatives of the FRS, who can clarify the plan for changing the parameters of the quantitative easing program. The Fed’s inflation and unemployment expectations are also receiving increased attention, as they have a direct impact on Treasury yields.

    Sentiment Index

    The Freedom Finance Sentiment Index climbed to 60 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic continue to decline thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is showing a strong uptrend, but the risk of a correction is increasing. The broad market index tested the upper border of the equidistant channel in the 3825-3830 area yesterday, where it encountered strong resistance. The RSI indicator remains close to the overbought zone, which limits the upside potential from current levels. If a corrective movement develops, the first significant target will be the level of 3700 points.

    Today Top Movers

    Naked Brand Group Ltd (NAKD), an apparel manufacturing company, soared about 7.71% ‎at $0.44 in pre-market trading Tuesday.

    ‎US Well Services Inc (USWS) share price gained 75.02% to $0.91during early morning ‎trading session on Tuesday after declaring that it has finalized an extension of its contract to provide electric hydraulic fracturing services for Range Resources in the Appalachian Basin.

    ‎T2 Biosystms Inc (TTOO) stock ascended 43.12% at $2.29 in the pre-market trading today following the announcement from the company that its T2SARS-CoV-2™ Panel is capable of detecting the multiple variants of the SARS-CoV-2 virus most recently identified in the United Kingdom, South Africa, and the United States.‎

    ‎Lion Group Holding Ltd (LGHL) surged over 19.05% at $4.75 in pre-market ‎trading on Tuesday after the company revealed that Mr. Guandong Wang has been appointed as a director of the Board of Directors on January 6, 2021.‎

    Top Upgrades & Downgrades

    Citigroup turned bullish on NOV Inc. (NOV), upgrading the stock to “Buy” and assigning a $18.0 price target, representing potential upside of 17.23% from Monday’s close.

    Commvault Systems Inc. (CVLT) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $68.0, suggesting 20.5% additional upside for the stock.

    Oshkosh Corporation (OSK) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $117.0. They changed their rating on OSK to Outperform from Neutral in a recently issued research note.

    Earlier Tuesday KeyBanc reduced its rating on WEC Energy Group Inc. (WEC) stock to Sector Weight from Overweight.

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Schnitzer Steel Industries Inc. (SCHN) has been changed to Sector Weight from Overweight.

    Analysts at KeyBanc downgraded American Electric Power Company Inc. (AEP)’s stock to Sector Weight from Overweight Tuesday.

    Latest Insider Activity

    Marathon Patent Group Inc. (MARA) Chief Executive Officer OKAMOTO MERRICK D announced the sale of shares taking place on Jan 07 at $20.51 for some 632,000 shares. The total came to more than $12.96 million.

    Moderna Inc. (MRNA) Chief Executive Officer Bancel Stephane sold on Jan 08 a total 220,936 shares at $114.02 on average. The insider’s sale generated proceeds of almost $1.26 million.

    PBF Energy Inc. (PBF) Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital declared the purchase of shares taking place on Dec 28 at $6.87 for some 40,000 shares. The transaction amount was around $0.27 million.

    Party City Holdco Inc. (PRTY) 10% Owner SOSIN CLIFFORD bought on Jan 05 a total 15,986,623 shares at $6.63 on average. The purchase cost the insider an estimated $2.1 million.

    Important Earnings

    Top US earnings releases scheduled for today include KB Home (NYSE:KBH). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.93 per share from revenues of $1.14B in the three-month period.

    Analysts expect BGC Partners Inc. (NASDAQ:BGCP) to report a net income (adjusted) of $0.11 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $460.45M.

    EXFO Inc. (EXFO), due to announce earnings after the market closes today, is expected to report earnings of $0.03 per share from revenues of $70.89M recently concluded three-month period.