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Tag: MOHO stock

  • ECHMOHO Ltd. (MOHO) Soars After Hours on Approval for Transfer to Nasdaq Capital Market

    On March 17, ECHMOHO Ltd. (MOHO) announced the approval of its request for transferring its ADSs from Nasdaq Global Market to the Nasdaq Capital Market. Consequently, the stock remained bullish throughout the day with a huge upsurge in the after-hours.

    In the regular trading session, the stock fluctuated between a high of $0.2850 and a low of $0.2425. MOHO closed the session in the green with a gain of 3.86%. At the close of the session, the stock had a value of $0.2800 per share while the number of shares traded was 5.89 million. In the following after-hours session, the stock’s bullish roll escalated to add a further 17.86%. Hence, MOHO was trading at a price of $0.3300 per share in the after-hours while 2.28 million shares exchanged hands.

    The non-medical health and wellness products seller, ECHMOHO Ltd. is based in China. Currently, its 31.6 million outstanding shares trade at a market capitalization of $12.52 million. Standing at a year-to-date loss of 30.86%, MOHO suffered a decline of 88.38% last year.

    MOHO’S Transfer to Nasdaq Capital Market

    As per the announcement, the approval for the transfer was received on March 16 from Nasdaq. Thus, the company’s ADSs commenced trading on the Nasdaq Capital Market at the opening of business on March 17. According to the announcement, the transfer would have no impact on the trading of the company’s ADSs and will uninterruptedly continue trading under “MOHO”. Moreover, the Nasdaq Capital Market and Nasdaq Global Market substantially operate in the same manner with certain requirements for continued listing on Nasdaq Capital Market.

    Source: Splash 247

    Reason for Transfer

    Previously, on September 16, 2021, the company was notified about its non-compliance with Nasdaq Listing Rule 5450(a)(1). Due to a below $1.00 closing bid price for over 30 consecutive days, the company was in non-compliance with Nasdaq. Therefore, the company was provided with 180 calendar days until March 15, 2022, for regaining compliance. Subsequently, the company submitted a request for the transfer which has thus extended the grace period. Resultantly, the company now has until September 12, 2022, to regain compliance with Nasdaq.

    MOHO’s Financial Highlights

    In the third quarter of 2021, the company has net revenues of $28.3 million with a gross margin rate of 22.7%. This compares to a gross margin rate of 17.7% on net revenues of $71.5 million in Q3 of 2020. The decrease in net revenue was driven by a decline in product sales in the quarter.

  • ECMOHO Limited (MOHO) stock is gloomy today: What’s Going on?

    ECMOHO Limited (MOHO) stock is gloomy today: What’s Going on?

    Shares of the ECMOHO Limited (MOHO) stock were falling in today’s intraday trading on July 19, 2021, without any specific reason. The MOHO stock declined 7.38% to drop at $1.38 a share as of this writing. ECMOHO Limited is an investment holding company that provides integrated solutions to the health(non-medical) and wellness market. Let’s deep dive to explore more of it.

    What’s Happening?

    There is no MOHO stock-specific news in today’s date to justify the bearish sentiment. No analysts’ downgrades or shrank targeted per share price of the MOHO stock have been in the news to support today’s decline. It means MOHO stock is going down without any particular reason which is the general convention for most of the stocks as rises and falls are the norms of the stock market. So, what do you need to know now about this position? Let’s discuss some recent events of MOHO stock.

    Strategic Cooperation Agreement:

    On July 16, 2021, ECMOHO stock signed a strategic cooperation agreement with Chong Kundang Group, a pharmaceutical company in South Korea. The agreement was intended to provide the marketing as well as multichannel sales for retail solutions for Chong Kundang’s health products in China. Furthermore, the agreement would help CKD in providing high-quality diversified health and wellness products to  Chinese consumers.

    ECMOHO 618 Analysis:

    ECMOHO stock held sales event ECMOHO 618 on June 18, 2021, that was primarily focused on increasing trends and the concept of “comprehensive health” in products related to consumers’ health.MOHO stock collaborated with top domestic and foreign brands during the sales event in order to introduce high-quality health care products. Store traffic and sales had been increased via implementing multiple efficient strategies by the MOHO stock. The consumers and sales data had been gathered in order to reach a more targeted audience for high sales conversions of demanded products. Many reputed domestic and foreign brands had been empowered through ECMOHO 618 sales event in which Puritan’s Pride, Harbin Pharmaceutical, Wyeth, and Nestlé were also included.

    Financial View of the MOHO stock:

    According to first-quarter 2021 financial results, product sales revenue decreased to US$26.4 million from US$60.7 million in the same tenure of 2020. On the other hand, services revenue surged to US$679,648 in the recently reported quarter from US$440,147 in the first quarter of 2020. The gross margin of product sales was 18% and 61% for the services as well.

    Conclusion:

    MOHO stock is facing a bearish sentiment today despite the absence of any reason. Consumers are now more concerted to their health issues and health-related consumption after the rise of the Covid-19 pandemic. As MOHO stock is fully dedicated to fulfilling the needs of its consumers but first quarter of 2021 financial results were down as compared to the same quarter of the previous year. Hence investors are encouraged to do deep research before making any decision.

  • 38 stocks trending in pre-market

    38 stocks trending in pre-market

    AnPac Bio-Medical Science Co. Ltd. (ANPC) stock plunged 0.0% to $7.14 in the pre-market trading after announcing that it experienced strong demand for its cancer screening tests and set a record in paid test volume in the third quarter.
    BOQI International Medical Inc. (NASDAQ: BIMI) shares are trading down -4.78% at $1.99 at the time of writing. Company’s 52-week ranged between $1.50 to $7.40.
    Slack Technologies Inc. (WORK) lost over -3.44% at $39.3 in pre-market trading Friday November 27, 2020. The technology company will report its financial results for the third quarter of fiscal year 2021, ended October 31, 2020, following the close of the U.S. markets on Wednesday, December 9, 2020.
    Before the trading started on November 27, 2020, Fisker Inc. (FSR) is down -5.0% to reach $20.53. It has been trading in a 52-week range of $8.70 to $21.60.
    Ferroglobe PLC (GSM) stock soared 2.36% to $1.3 in the pre-market trading following the announcement of results for the third quarter of 2020. The most recent rating by Stifel, on September 16, 2019, is a Hold.
    Appian Corporation (NASDAQ: APPN) shares are trading up 1.2% at $177.0 at the time of writing. Company’s 52-week ranged between $29.07 to $139.75. Analysts have a consensus price target of $84.
    The9 Limited (NCTY) tumbled over -3.74% at $3.47 in pre-market trading today. The firm recently reported that it will hold its annual general meeting of shareholders at the 17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai 200080, People’s Republic of China on December 22, 2020 at 2:00 p.m., Shanghai time.
    Future FinTech Group Inc. (FTFT), a Software – Application company, dropped about -8.33% at $2.75 in pre-market trading Friday.
    ZK International Group Co. Ltd. (ZKIN), a Steel company, dropped about -11.4% at $2.02 in pre-market trading Friday after a news announced by company that its wholly-owned subsidiary, xSigma Corporation, (“xSigma”) www.xsigma.com is launching a Decentralized Finance (“DeFi”) protocol which aims to provide a new level of transparency and legitimacy to decentralized financial blockchain-based smart contracts.
    Athersys Inc. (ATHX) is up more than 8.47% at $1.92 in pre-market hours Friday November 27, 2020. The stock had jumped over 12.03% to $1.77 in the last trading session.
    Sundial Growers Inc. (SNDL) is up more than 12.54% at $0.3151 in pre-market hours Friday November 27, 2020. The firm will participate in Cowen’s 2020 Boston Cannabis Conference, to be held virtually between November 30 and December 2, 2020. The stock had dropped over -6.95% to $0.28 in the last trading session.
    Before the trading started on November 27, 2020, Tuniu Corporation (TOUR) is up 15.86% to reach $4.09 after declaring that it plans to release its unaudited financial results for the third quarter ended September 30, 2020, before the market opens on December 1, 2020. It has been trading in a 52-week range of $0.73 to $3.26.
    Gevo Inc. (GEVO) stock soared 5.64% to $2.06 in the pre-market trading. The most recent rating by H.C. Wainwright, on September 07, 2018, is a Buy.
    RMG Acquisition Corp. (RMG), a Shell Companies company, rose about 13.13% at $15.94 in pre-market trading Friday after reporting that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation.
    Veritone Inc. (NASDAQ: VERI) shares are trading down -4.12% at $20.0 at the time of writing. Company’s 52-week ranged between $1.22 to $19.67. Analysts have a consensus price target of $6.
    Viomi Technology Co. Ltd (VIOT) is up more than 2.09% at $5.85 in pre-market hours Friday November 27, 2020 after the technology company released its unaudited financial results for the third quarter ended September 30, 2020. The stock had dropped over -8.76% to $5.73 in the last trading session.
    Before the trading started on November 27, 2020, Acasti Pharma Inc. (ACST) is down -3.1% to reach $0.2597. It has been trading in a 52-week range of $0.17 to $3.08.
    EHang Holdings Limited (EH) stock soared 7.41% to $14.5 in the pre-market trading after announcing that its two-seater passenger-grade AAV, EHang 216 has completed its maiden flights in three Korean locations – Seoul, Daegu, and Jeju Island. The most recent rating by Needham, on February 07, 2020, is a Buy.
    Apex Technology Acquisition Corporation (APXT) share price soared +36.67% in pre market on Friday after the news declared by AvePoint, Inc., that it has entered into a definitive business combination agreement with Apex Technology Acquisition Corporation (NASDAQ: APXT).
    Canaan Inc. (CAN), a Computer Hardware company, dropped about -8.48% at $5.83 in pre-market trading Friday.
    Tantech Holdings Ltd (TANH) stock moved up 9.05 percent to $2.17 in the pre-market trading after recently declared the closing of $10 million offering.
    BlueCity Holdings Limited (BLCT) is up more than 2.77% at $12.6 in pre-market hours Friday November 27, 2020. The company recently reported that it has entered into a definitive agreement with iRainbow Hong Kong Limited (“Finka”) and all of its subsidiaries and other entities under the control of Finka, pursuant to which BlueCity agreed to acquire 100% equity interests in Finka for an aggregate consideration of RMB240 million in cash. The stock had dropped over -9.19% to $12.26 in the last trading session.
    Before the trading started on November 27, 2020, Uxin Limited (UXIN) is up 13.41% to reach $1.86. It has been trading in a 52-week range of $0.72 to $3.10.
    Blink Charging Co. (BLNK) stock plunged -4.11% to $24.24 in the pre-market trading after declaring that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations. The most recent rating by H.C. Wainwright, on August 14, 2020, is a Neutral.
    FreightCar America Inc. (NASDAQ: RAIL) shares are trading up 10.45% at $2.22 at the time of writing following the company announced receipt of stockholder approval for issuance of warrant and funding of new term loan. Company’s 52-week ranged between $0.73 to $2.87. Analysts have a consensus price target of $4.50.
    Luokung Technology Corp. (LKCO) grew over 3.3% at $0.5568 in pre-market trading today after reporting that it has closed the acquisition of 67.36% of BOTBRAIN AI LIMITED.
    ClearOne Inc. (CLRO), a Communication Equipment company, rose about 2.43% at $2.53 in pre-market trading Friday. The firm recently declared financial results for the three and nine month periods ended September 30, 2020.
    Pennsylvania Real Estate Investment Trust (PEI) stock plunged -5.41% to $1.05 in the pre-market trading. The most recent rating by SunTrust, on January 16, 2020, is a Sell.
    Yunji Inc. (NASDAQ: YJ) shares are trading down -16.23% at $4.13 at the time of writing after reporting its unaudited financial results for the third quarter ended September 30, 2020. Company’s 52-week ranged between $1.67 to $5.95. Yunji Announces Third Quarter 2020 Unaudited Financial Results.
    Aurora Cannabis Inc. (ACB) is up 38.58% in pre market session on Friday after reporting that it has entered into a strategic Supply Agreement with Cantek Holdings, one of Israel’s leaders in the medical cannabis field.
    Aurora Mobile Limited (JG) is up more than 10.76% at $3.5 in pre-market hours Friday November 27, 2020 following the firm reported that it has entered into a 5G strategic cooperation framework agreement and a 5G messaging connection test agreement with China United Network Communications Limited Beijing Branch. The stock had dropped over -13.42% to $3.16 in the last trading session.
    Before the trading started on November 27, 2020, The ExOne Company (XONE) is up 7.0% to reach $13.0. It has been trading in a 52-week range of $3.55 to $16.89.
    Ideanomics Inc. (IDEX) stock soared 8.49% to $2.94 in the pre-market trading. The technology company lately revealed that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million.
    Medigus Ltd. (MDGS) is down more than -5.14% at $2.95 in pre-market hours Friday November 27, 2020. The stock had dropped over -10.63% to $3.11 in the last trading session.
    The Gap Inc. (NYSE: GPS) shares are trading up 2.55% at $22.15 at the time of writing after releasing its financial results for the third quarter of fiscal year 2020, ending October 31. Company’s 52-week ranged between $5.26 to $26.99. Analysts have a consensus price target of $23.
    Before the trading started on November 27, 2020, Golden Bull Limited (BTBT) is down -15.82% to reach $6.12. It has been trading in a 52-week range of $0.28 to $7.05.
    Ashford Hospitality Trust Inc. (AHT) grew over 0.34% at $2.99 in pre-market trading today after announcing that closing of exchange offers for all Outstanding series of its preferred stock.
    ECMOHO Limited (MOHO), a Specialty Retail company, dropped about -3.85% at $2.75 in pre-market trading Friday after declaring that it will release its unaudited financial results for the third quarter ended September 30, 2020 on Monday, November 30, 2020.