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Tag: Muscle Maker Inc Stock

  • Why Muscle Maker Inc. (GRIL) stock Became Bullish After Hours?

    On March 02, 2022, Muscle Maker Inc. (GRIL) rebounded in the after-hours and entered a bullish trend. There is no recent official announcement or SEC filing from the company to explain the bullish turn.

    Source: RCB Bank

    The stock remained in the red during the regular session with a loss of 9.46% as 12.15 million shares traded hands. After varying between $0.4600 and $0.6500, GRIL closed the session at a value of $0.4671 per share. Following the downfall, the stock made a comeback in the after-hours and added 7.04%. Hence, the stock was trading at a price of $0.5000 per share in the after-hours on Wednesday.

    The restaurant chain business operator, Muscle Maker Inc. was founded in 1995. Based in League City, TX, the company has a market capitalization of $20.59 million. Currently, the company has 39.91 million shares outstanding in the market.

    GRIL stock Movement

    On February 24, as the stock market suffered a blow due to the escalation of the Russia-Ukraine conflict, GRIL also saw a downfall. Like most of the stocks, GRIL reached a new low of $0.3800 on February 24. Following this, the stock had been somewhat stagnant with no significant change. Volume started building up on Tuesday while the stock still remained pretty much unchanged. On Wednesday, the stock traded at a heavy volume of 1,184% of its average. While there was no official reason, the stock suffered a downfall initially which was followed by a comeback in the after hours. It seems the stock was moving on external factors like social media discussions and stock sentiment.

    In the past five days, GRIL has added 9.19% while losing 35.13% year to date. The stock subtracted a value of 79.24% last year.

    Company News

    On February 16, the company announced the opening of the first Florida location of its subsidiary, Pokemoto. Pokemoto opened the first Florida non-traditional ghost kitchen location in Miami Beach. The kitchen will have kiosks for direct ordering as well as service delivery orders through third-party apps.

    Moreover, Pokemoto is set to open five additional locations in the Florida market in Miami, Lee and Collier counties, and Jacksonville Florida.

    On February 07, the company had announced a new franchise agreement of Pokemoto in Connecticut. The new addition increased Pokemoto’s Connecticut locations to 15.

    GRIL acquired Pokemoto in May 2021 which currently has nineteen open locations in six states. Since its acquisition, Pokemoto division has expanded over 300%.

  • 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.