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Tag: Molecular Data Inc

  • Why is Molecular Data Inc. (MKD) stock Rallying in the Premarket?

    On March 14, Molecular Data Inc. (MKD) stock was trending in the premarket as it had increased by a good 23.95% at the last check. At the time of writing the volume of the shares exchanged was 4 million while the stock was trading at a price of $0.191 in the premarket. There is no official news or SEC filing from the company to explain the bullish trend.

    In the previous trading session on Friday, the stock remained bearish with a loss of 12.49%. MKD stock closed the session at a value of $0.1541 per share as 11.54 million shares traded.

    The technology-driven platform, Molecular Data Inc. operates a chemical e-commerce business in China through its subsidiaries. Founded in 2013, the company has a market capitalization of $28.16 million with its 164.45 million shares outstanding.

    What is Happening with MKD?

    With the ongoing instability in the market due to the Russia-Ukraine conflict, investors have been placing their bets on market classics like precious metals and basic materials. The inflation pressure and increasing sanctions on Russia resulted in energy stocks being a target. Subsequently, other sectors including healthcare stocks have suffered immensely lately as most plunged to new lows last week. MKD stock shared a similar fate with bearish momentum.

    Although there is no official reason, MKD finally seems to be recovering well. It seems external factors like social media discussions and stock sentiment are responsible for the change of hearts of the investors. After having lost a huge 88.99% last year, the stock currently stands at a year-to-date loss of 29.31%.

    Recent Titles & Awards

    Source: Allbusiness

    On January 19, the company announced receiving the 2021 Digital Service Innovation Enterprise Award. The 2021 Innovation Impact Initiative is launched by CCID, China Electronics Information Industry Research Institute, and Digital Economy Magazine.

    Additionally, on the same day, the company was rated top 8 in the “Digitalization of the plastics industry” list. The “Top 100 list for China’s industrial digitalization in 2021” was released by the Research center of E-commerce and the E-commerce Platform.

    MKD’s Recent Joint Venture

    On December 14, MKD announced entering into an agreement for the formation of a Joint Venture for building supercomputing clusters in North America. Moreover, the new JV had plans for the construction of two plants in the U.S. In addition, the company expects to generate revenue of USD5 million and gross profit of USD4 million from the new business line.

  • Molecular Data Inc. (MKD) stock gains in the Pre-Market: Things you need to know

    Shares of Molecular Data Inc. (MKD) were gaining in Thursday’s pre-market after following the downtrend in the previous open market. MKD stock price saw a jump of 4.81% to reach $1.10 a share at the time of this writing. MKD stock price dropped to $1.04 and down by 7.96% at the previous closing. Let’s try to find the reason behind this rise.

    What’s happening?

    Molecular Data Inc. (MKD) is the leading chemical e-commerce-based platform in the Republic of China. MKD’s rising stock price today captivated the attention of individuals who are looking for some reason. Still, the reality is somewhat different from expectations. We find no particular news by the company today, no earnings report, no analyst upgrades, or upswing targeted MKD stock price to explain the culprit behind this rise. However, Molecular Data did announce some of its recent development in the early days of this month.

    Recent Agreements

    On March 09, 2021, MKD stock signed the supply frame agreement with Anhui Gujing Distillery Co., Ltd for becoming the key supplier of the chemical and biological reagents and laboratory equipment and consumables to expandMKD’s presence in the food and beverage industry. Molecular Data will provide approximately 2 million stock-keeping units (SKUs) to Gujing for its domestic and foreign laboratory brands and suppliers. On the last day, MKD stock announced the MOU for the potential transaction and a stake in the famous brand name in the U.S to strengthen its presence in America.

    On March 05, 2021, Molecular Data entered into the cooperation agreement with Yili Industrial Group Co., pursuant to which the laboratory supplies Mall and centralized procurement platform of MKD would become branches and subsidiaries of Yili Group.

    Conclusion

    So far, so good for MKD stock price, but one should remember that rising stock price despite the absence of reason could not be the base for any decision about the particular stock.MKD stock has shown developments in recent times, and its business model suits the COVID world. In short, individuals eyeing MKD stock have to get the nitty-gritty details of it.