STOCKS TELEGRAPH

Tag: Lion Group Holdings Ltd.

  • 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 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.