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Tag: Muscle Maker

  • Why Muscle Maker (GRIL) Stock Is Soaring Today?

    Why Muscle Maker (GRIL) Stock Is Soaring Today?

    At last check, shares of Muscle Maker Inc. (GRIL) were gaining traction in the current market session today gaining more than 2.59% to trade at $0.53. Muscle Maker stock closed the last session at $0.52, decreasing -5.09% or -$0.03. Shares of the GRIL stock fluctuated between $0.5101 and $0.55 throughout the day. The number of shares of GRIL stock exchanged on the day was 1.07 million, less than the company’s 50-day daily volume of 1.52 million and lower than its Year to date volume of 1.08 million.

    In the past 12 months, Muscle Maker (GRIL) stock has retreated -72.38%, and in the last one week, the stock has moved down -15.87%. For the last six months, the stock has lost a total of -56.86%, and over the last three months, the stock has decreased by -49.32%. The GRIL stock has returned -27.51% so far this year. GRIL stock jumped following a couple of collaboration moves.

    What moves Muscle Maker has made?

    Muscle Maker is the parent organization of “better for you” brands conveying top-notch quality food choices to buyers. GRIL gives those choices through conventional and forward-thinking areas like army installations, colleges, phantom kitchens, conveyance, and direct-to-customer instant supper prep choices. GRIL Brands incorporate Muscle Maker Grill, Pokemoto, Superfit Foods, Healthy Joe’s, and various phantom kitchen brands.

    The freshest auxiliary of Muscle Maker (GRIL), Pokemoto today reported it has consented to two extra establishment arrangements in the Mississippi market. These two new arrangements bring the absolute of new establishment and improvement arrangements endorsed by Pokemoto to 27 since November 2021.

    • These 27 arrangements, once opened, alongside previously opening 6 new Pokemoto areas since the chain was obtained in May 2021, addresses a Pokemoto division development pace of more than 250%.
    • n this equivalent time span, GRIL additionally marked a 40-unit Muscle Maker Grill café improvement understanding in Saudi Arabia filling the organization’s global pipeline.
    • The two new Mississippi establishment arrangements will be situated in the Jackson, Mississippi market.
    • The land group of GRIL auxiliary will zero in its endeavors on thickly populated exchange regions with a huge presence of Millennials and Gen-Zs.
    • The two Jackson areas will supplement the forthcoming Oxford, Mississippi area in developing brand mindfulness in the province of Mississippi.

    What GRIL is eyeing on?

    Muscle Maker (GRIL) endeavors to develop through diversifying and key corporately claimed store extension and presently it is at 27 recently consented to Pokemoto arrangements, a 40-unit advancement understanding for Muscle Maker Grill cafés and different corporate areas under development or arranging stages. As of late added prepared establishment deals and preparing groups have added more fire capacity to the GRIL foundation permitting it to fuel extension plans.

  • Muscle Maker, Inc. (GRIL) Stock Rallying in Aftermarket, Here’s the Reason

    Muscle Maker, Inc. (GRIL) Stock Rallying in Aftermarket, Here’s the Reason

    Muscle Maker, Inc. (GRIL), a company owning, operating, and franchising Muscle Maker Grill and Healthy Joe’s restaurants, has gained an increase of 6.25% in aftermarket trading session. Consequently, GRIL stock is trading at $1.19 at the time of the writing. The new 12-month price estimate of the stock presented by some websites has served as a stimulant for this surge. On Friday, GRIL closed the day at $1.12 after declining 2.61% in regular trading hours. Let’s discuss some recent developments related to GRIL stock.

    GRIL Definitive Agreement

    On Thursday, GRIL announced that it had entered into a definitive agreement with US institutional investors for a private placement of 6,772,000 shares of common stock with the warrants to purchase 6,772,000 shares of common stock. Besides, the agreement also deals with 4,058,305 pre-funded warrants. Each pre-funded warrant was excisable for one share of common stock, together with Common Warrants to purchase up to 4,058,305 shares of common stock. The Private Placement was expected to close on or about November 22, 2021.

    Q3 2021 Financial Results

    On 15th November, GRIL released the financial results for the third quarter of the fiscal year 2021. The quarter ended on 30th September 2021. The company had $3.61 million in terms of cash on 30th September 2021. The total revenue generated by the company during the period was $3.35 million against $1.15 million for the same period of 2020. The total costs and expenses for the period were $4.98 million against $1.88 million for the same period of 2020. The net loss bore by the company during the quarter was $0.43 million against $0.66 million for the same quarter of 2020. The net loss per basic and diluted share for the quarter was $0.02 against $0.09 for the same quarter of 2020.

    Executive Commentary

    Spanos Stephen Andrew, Director of GRIL, while commenting on the results said that the company has depicted a tremendous performance during the quarter. For him, the healthy-inspired restaurant concept delivers a highly differentiated customer experience. He hoped that the company would be able to mimic, and even further improve, the performance it has depicted during the quarter.

    Future Outlook for GRIL Stock

    A closer look a statistics reveals that GRIL stock has not experienced much volatility during the last few months. Analysts believe that the GRIL is in a good position to leave a mark on the market in near future. Hence, potential investors should keep a close eye on fluctuations in GRIL stock.

  • Top Stocks to Watch as Rising COVID-19 Numbers Tank Markets

    Top Stocks to Watch as Rising COVID-19 Numbers Tank Markets

    The markets are down this morning with the NASDAQ, the S&P 500, and the Dow are all in the red. This follows the increased number of COVID-19 cases and the return of strict lockdown measures. Over the weekend, the number of cases rose to hit a high of 83,757.

    Europe too has seen a huge spike in cases with France leading the way with more than 52,000 cases yesterday. This has seen several countries fall back into lockdowns with Italy and Spain announcing very strict measures. In fact, Spain has already declared a state of emergency.

    With the situation seemingly getting worse, the U.S economy, and the world economy at large is unlikely to reopen to pre-pandemic levels any time soon. On top of that, the number of cases is rising at a time when the U.S is close to an election, and there isn’t a consensus on a stimulus package to support the economy. This uncertainty could see the markets trade in the red for the better part of the day.

    Nonetheless, even as markets show weakness across the globe, there are stocks that are performing quite well today. Most of the day’s biggest gainers are stocks that had some good news towards the end of last week and over the weekend. Some of the stocks doing well pre-market are as below:

    Lianluo Smart Limited [NASDAQ: LLIT]

    Lianluo Smart Limited is a top performer this morning and is up by over 900%. This follows the company’s announcement that it had entered into a merger agreement with Newegg Inc. Under the merger deal, shareholders of Newegg Inc will become the main shareholders of Lianluo Smart Limited. On top of that, LLIT will sell its stake in Lianluo Connection Medical Wearable Device Technology Co. Ltd. On top of that, after the merger, the new entity will carry out a public offering where it expects gross proceeds of $30 million.

    Muscle Maker Inc [NASDAQ: GRIL]

    Muscle Maker Inc is a top performer this morning and is up by over 80%. This follows the company’s announcement the acquisition of a previously franchisee-owned location in Chelsea in Manhattan. This is one of the busiest locations and generated over $1.1 million in revenues in 2019.  As such, the acquisition gives muscle maker a chance to grow its business and test products in the market.

    Smart Sand Inc [NASDAQ: SND]

    Smart Sand Inc is up pre-market by over 30%. This follows the company’s announcement that it would release of Q3 results on November 9th, 2020. The expectation of positive results has seen the stock continue to gain.