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Tag: ReTo Eco-Solutions

  • Market Uncertain on the Future of ReTo Eco-Solutions (RETO)

    ReTo Eco-Solutions (NASDAQ: RETO) is a Chinese construction materials company that has the market divided on it direction. In this tug-of-war between bears and bulls, it remains uncertain if its financial unsustainability is serious enough to overlook some promising news for the future.

    RETO’s Subsidiary Wins Big

    On the 9th of August, the market was awash with some highly positive news pertaining to ReTo Eco Solutions. The company’s subsidiary, REIT Eco, won a lucrative bid worth almost $200 million in the Yangjia River band. The project entails the development of ecological-oriented development works within Longxi County. As the parent company of the winning bidder, RETO took off in the market, surging from $0.62 to $0.85, in a matter of days. This 37% jump reflected the market’s confidence in the deal, and many seeking exposure to this stellar opportunity. This can be reflected in the daily volume jump from 44,000 to 38 million.

    Critical Financial Concerns for RETO

    The following weeks saw RETO undertake a slow descent without stopping. At present, the stock is at a new low of $0.66. This clearly points to bearish sentiment overcoming initial hype, which may be due to a number of red flags associated with ReTo Eco. Its revenue has been continuously falling in the last few years, and the same for its EPS. Annual EPS in 2021 was down at -$0.75, against the prior year’s figure of -$0.17. Due to this, the bid, in light of the broader context seems insignificant in terms of the broader financial unsustainability the company is faced with.

    Conclusion

    The market appears uncertain in regard to the future prospects of RETO. It has been faced with some highly promising news in the prior weeks, yet there is some serious uncertainty, given the financial red flags the company holds. Investors seek further clarity to take on a solid stance on the stock.

  • ReTo Eco-Solutions Inc. (RETO) stock Rebounds After a Steep Fall

    On January 24, ReTo Eco-Solutions Inc. (RETO) suffered a heavy loss of 54.89% during the regular trading session. Consequently, the stock made a comeback in the after-hours.

    RETO stock traded between a high of $1.0770 and a low of $0.6191 during regular trading. The stock closed the session at $0.7850 with a loss of $0.9550 at 14.77 million shares. Given the steep fall, the stock rebounded in the after-hours to add 4.46%. Hence, the stock was trading at $0.8200 per share in the after-hours on Monday.

    The manufacturer and distributor of construction materials, ReTo Eco-Solutions Inc. was founded in 2015. Currently, its 28.14 million outstanding shares trade at a market capitalization of $48.97 million.

    What is happening with RETO?

    On January 13, the company filed a report of a foreign private issuer with the Securities Exchange Commission. Following the filing, the stock entered an uptrend, making it gain till January 20. It seems the stock entered corrections after that as it reached a high of $2.77 on January 21. The resulting fall continued into January 24’s regular session where the stock suffered a huge blow. During the regular session on Monday, the stock stooped to a 52-week low of $0.6191.

    As there is no recent official news or SEC filing, the 52-week low seems to be the cause of the rebound. It seems like the new low presented as a good buying opportunity for investors. Therefore, causing the stock to rebound in the after hours.

    Equity Acquisition Agreement

    On January 04, the company announced the Equity Acquisition Agreement of its subsidiary, ReTo Technology Development Co., Ltd. ReTo Technology entered the agreement with Hainan REIT Mingde Investment Holding Co., Ltd. and its two individual shareholders among others. As per the agreement, ReTo Technology would acquire 100% equity interest in REIT Mingde. Subsequently, REIT Mingde owns 61.55% of the equity interest of Yale IoT Technology Co., Ltd. Yile IoT which is a high-tech enterprise, focuses on the research, development, and application of Internet of Things technology.

    Furthermore, ReTo Technology was to pay RMB 10 million in cash or cash equivalents in consideration, as per the agreement. In addition, the registration of ReTo Technology as the shareholder of REIT Mingde was completed on December 28, 2021.

    RETO’s Financial Overview

    In the first half of 2021, RETO had a net loss of $0.34 per share on revenue of $2,282,526. Comparatively, the company had a net loss of $0.10 per share on revenue of $3,142,102 in the year-ago period.

  • ReTo Eco-Solutions, Inc. (RETO) Stock Skyrockets Ahead of Announcement of New Hainan Project

    ReTo Eco-Solutions, Inc. (RETO) stock prices were up by a massive 29.24% as of the market opening on June 23rd, 2021, bringing the price per share up to USD$1.51 early on in the trading day.

    Hainan Province Project

    June 23rd, 2021 saw the company announce a new iron tailings project in the Hainan Province. The project has a 3 million ton treatment capacity and is expected to generate almost USD$43.7 million in annual sales once production commences. RETO has been tasked with designing, building, and managing the facility, which will be responsible for the largest volume of iron tailings in Hainan.

    Merit of RETO

    The company was selected for the project based on its patented technology, ability to implement and manage secondary sorting of iron tailings, as well as the selection and use of iron ore. RETO’s expertise in recycling leftover ore and processing it into ecologically friendly building materials also supported the case for it to be granted the project. The project is expected to generate almost USD$20.4 million in gross profit for the company.

    Basis for Project

    RETO uses cutting-edge and reliable technologies for production by implementing various systems such as three-stage crushing, two-stage screening, sand making, and beneficiation. Leftovers from production are use as an aggregate to produce building materials. Iron ore tailings are one such leftover, as one of the most common solid waste in the world. They are a byproduct of the beneficiation process of iron ore concentrate.

    Scope of Project

    Because of China’s rapid economical growth and expansion of its iron and steel industries over recent years, the volume of iron ore tailings has skyrocketed. This leads to a substantial environmental and economic cost arising from massive land occupation and ecological damage, which, in turn, results in safety hazards. Because of the increasingly alarming proliferation of the waste, effective waste management systems and solutions are more needed than ever.

    Benefits of Project

    The project will help diminish the cumulative adverse effects of the existing waste problem. Concurrently, the project will also serve to help recover valuable iron resources for reuse that would otherwise have been lost. Furthermore, the project has the potential to be an excellent platform to showcase the company’s proprietary one-stop comprehensive solid waste utilization.

    Future Outlook for RETO

    Armed with such a lucrative project in the works RETO is poised to continue its trajectory of success. The company is keen to capitalize on the opportunities afforded to it from the project. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • ReTo Eco-Solutions (RETO) Shares are Jumping High, What’s Happening?

    ReTo Eco-Solutions (RETO) Shares are Jumping High, What’s Happening?

    The shares of ReTo are on a roll, probably on a bullish response from investors regarding some rumors.

    The shares of ReTo Eco-Solutions (RETO) are trading over 100% following a jump above the century mark in the premarket. Reportedly, the investors are jumping in large numbers amid the rumors that ReTo Eco-Solutions will be announcing more news about projects for the 2022 Winter Olympics in Beijing.

    Late last month, the company obtained State-backed funding with the launch of its second high-visibility Beijing Winter Olympics Competition Zone project. With that, things have gone more bullish as investors seemingly wait for the next big news.

    What’s Next?

    ReTo Eco-Solutions Inc (RETO) is a company striving to bring clean water and fertile soil to communities all over the company. RETO shares have jumped over 109.41% to $2.47—beating its 52-week high at $3.65—as we write this.

    As mentioned above, the stock is probably—up—pushed by two rumors. With the trading volume over a whopping 125 million, investors are betting on the stock with ReTo’s commitment to the 2022 Winter Olympics. 

    Investors are looking forward to some breakthrough announcements regarding the Olympic Games in Beijing. It’s anticipated that the company’s collaboration with the 2022 Olympics is set to expand, which has pumped the investors.

    Another major rumor that has hit the news reports is that tech giant, Apple wants to acquire ReTo. This would be quite extraordinary if this news turns into reality. As per the reports, the iPhone maker is interested in acquiring ReTo Eco-Solutions.

    With that being, it’s just a rumor nothing much. But rumors can’t be denied that easily as they hold the potential news inside them. 

    In late 2020, the company updated its first six-month outcomes for the year. The net revenues dropped from $14.13 million to $3.14 million year-over-year. The drop in revenues was driven by the adverse impact of the pandemic on the economy.

    Whereas, on the balance sheet, the company had cash and cash equivalents of almost $0.2 million, along with accounts receivables of $6.7 million. Among the total receivables that are to be collected, the company has obtained around $1.3 million after June 30, 2020. While the remaining balance is expected to be paid before the first half of 2021.

    Conclusion

    ReTo Eco-Solutions (RETO) following the clearance to work on the Olympics project has enthused the investors. We might see the stock going up and down throughout the year based on the commitments on the Olympics projects. For the fundamentals looks fine, while the company is working to improve the liquidity to overcome the pandemic crisis. For a further long-term outlook of the stock’s position, we will have to look at the technical analysis of RETO.

  • ReTo Eco-Solutions, Inc. (NASDAQ: RETO) shares rose in AH yesterday despite no update

    ReTo Eco-Solutions, Inc. (NASDAQ: RETO) shares rose in AH yesterday despite no update

    ReTo Eco-Solutions, Inc. (NASDAQ: RETO) stock surged 3.12% in the post-market hours. There doesn’t appear to be any company-specific news that caused Intel share price to fall today, and investors may want to take that as a warning sign.

    However, the Company revealed on November 9 2020, that in the prestigious 2020, Gardening Craftmanship Compet, the Company received first prize for new materials and new technology, with separate awards for extensive strength and craftsmanship spirit. During October, hundreds of companies took part in the competition, including exhibits and specialists from different fields.

    ReTo demonstrated water conservancy slope safety bricks and retaining walls built of building waste as the critical raw material. The Company showed different types of bricks for public roads and domestic goods for the disposal of sewage. In collaboration with Tsinghua University, the Company introduced its unique powder stabilisation and digital paving system technology, earning acclaim from architecture and construction firms and other industry participants. The patented powder stabilisation technology of ReTo helps the refining of previously unprocessable by-product sludge from the recycling of building waste into bricks for public roads and other applications.

  • 41 Stocks Making Sharp Moves in Pre Market Session

    41 Stocks Making Sharp Moves in Pre Market Session

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading down -4.55% at $1.05 at the time of writing after announcing $6.0 million private placement. Company’s 52-week ranged between $0.54 to $3.50.
    Merrimack Pharmaceuticals Inc. (MACK) stock plunged -6.93% to $6.04 in the pre-market trading. The most recent rating by JP Morgan, on October 07, 2016, is a Neutral.
    Curis Inc. (CRIS) is down more than -5.85% at $1.77 in pre-market hours Thursday December 03, 2020 after declaring that it will host Virtual Event to discuss CA-4948 clinical data. The stock had jumped over 22.88% to $1.88 in the last trading session.
    Before the trading started on December 03, 2020, Obalon Therapeutics Inc. (OBLN) is down -8.62% to reach $1.06. It has been trading in a 52-week range of $0.62 to $2.14.
    Artelo Biosciences Inc. (ARTL) grew over 7.53% at $0.7065 in pre-market trading today following announcement its appointment of drug discovery and development veteran Gregory R. Reyes, M.D., Ph.D. to the Company’s Board of Directors.
    Acorda Therapeutics Inc. (ACOR), a Biotechnology company, dropped about -3.54% at $0.79 in pre-market trading Thursday.
    Ampio Pharmaceuticals Inc. (AMPE) is up more than 6.8% at $1.1 in pre-market hours Thursday December 03, 2020 after declaring its phase I study for Inhaled Ampion advances to completing enrollment of COVID-19 patients with respiratory distress. The stock had jumped over 12.65% to $1.03 in the last trading session.
    Nxt-ID Inc. (NASDAQ: NXTD) shares are trading down -6.11% at $0.446 at the time of writing. Company’s 52-week ranged between $0.21 to $0.89.
    OrganiGram Holdings Inc. (OGI) stock moved down -2.86 percent to $1.36 in the pre-market trading. The company recently released fourth quarter 2020 results.
    InVivo Therapeutics Holdings Corp. (NVIV) gained over 14.27% at $0.7999 in pre-market trading Thursday December 03, 2020.
    HEXO Corp. (HEXO) lost over -5.98% at $1.1 in pre-market trading Thursday December 03, 2020 as the firm recently revealed that it has repositioned the UP Cannabis brand with a differentiator of 20% THC or higher in all dried flower products, every time.
    Before the trading started on December 03, 2020, Aurora Cannabis Inc. (ACB) is down -2.92% to reach $10.63. It has been trading in a 52-week range of $3.71 to $32.88.
    Before the trading started on December 03, 2020, Golar LNG Limited (GLNG) is down -6.67% to reach $8.75 after declaring that it intends to offer, issue and sell to the public 11,000,000 common shares, par value $1.00 per share, through an underwritten public offering. It has been trading in a 52-week range of $4.54 to $15.24.
    Aeterna Zentaris Inc. (AEZS) stock soared 3.1% to $0.455 in the pre-market trading. The most recent rating by Maxim Group, on July 19, 2017, is a Buy.
    Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) shares are trading up 9.23% at $4.26 at the time of writing after reporting that it has screened the first patients in a global trial of its oral insulin capsule ORMD-0801 for the treatment of Nonalcoholic steatohepatitis (NASH). Company’s 52-week ranged between $2.40 to $6.05. Analysts have a consensus price target of $5.50.
    Ashford Hospitality Trust Inc. (AHT), a REIT – Hotel & Motel company, rose about 7.36% at $2.48 in pre-market trading Thursday.
    Ideanomics Inc. (IDEX) grew over 0.86% at $2.35 in pre-market trading today. The technology firm lately declared that its subsidiary, Tree Technologies Sd. Bhd., which owns the Treeletrik brand, has hired Richard Teoh as its Chief Financial Officer.
    AIkido Pharma Inc. (AIKI) is down more than -2.2% at $0.59 in pre-market hours Thursday December 03, 2020. The stock had jumped over 8.94% to $0.60 in the last trading session.
    NIO Limited (NIO), a Auto Manufacturers company, dropped about -2.21% at $46.92 in pre-market trading Thursday after providing its November 2020 delivery results.
    Genius Brands International Inc. (GNUS) is up more than 2.14% at $1.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 5.26% to $1.40 in the last trading session.
    Micro Focus International plc (MFGP) gained over 2.81% at $5.12 in pre-market trading Thursday December 03, 2020 following the publication its findings of ‘Endless Modernization’ research with Standish Group.
    Trine Acquisition Corp. (NYSE: TRNE) shares are trading up 6.44% at $14.22 at the time of writing. Company’s 52-week ranged between $9.40 to $13.94.
    Before the trading started on December 03, 2020, Borr Drilling Limited (BORR) is down -6.29% to reach $0.7625. The firm recently declared unaudited results for the three and nine months ended September 30, 2020. It has been trading in a 52-week range of $0.24 to $9.12.
    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -2.83% at $22.35 in pre-market trading Thursday.
    Boxlight Corporation (BOXL) lost over -2.53% at $1.54 in pre-market trading Thursday December 03, 2020. An education technology firm recently reported that Shaun Marklew has been appointed as Chief Technology Officer and Patrick Foley will be appointed as Chief Financial Officer on January 16, 2021.
    Before the trading started on December 03, 2020, Pyxis Tankers Inc. (PXS) is up 10.87% to reach $1.02. It has been trading in a 52-week range of $0.62 to $1.37.
    Orbital Energy Group Inc. (OEG) is down more than -3.1% at $1.25 in pre-market hours Thursday December 03, 2020 following announcement its wholly-owned transmission & distribution division, Orbital Power Services signed a Master Services Agreement with a midwestern investor-owned utility.
    Telefonica S.A. (TEF) is down more than -2.64% at $4.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 1.56% to $4.55 in the last trading session.
    Longview Acquisition Corp. (NYSE: LGVW) shares are trading up 7.86% at $15.79 at the time of writing. Company’s 52-week ranged between $9.34 to $17.99.
    UP Fintech Holding Limited (NASDAQ: TIGR) shares are trading up 3.51% at $5.61 at the time of writing. Company’s 52-week ranged between $2.03 to $7.60.
    Veru Inc. (VERU) gained over 10.39% at $3.4 in pre-market trading Thursday December 03, 2020.
    Tonix Pharmaceuticals Holding Corp. (TNXP) grew over 2.46% at $0.6414 in pre-market trading today.
    Before the trading started on December 03, 2020, Orange S.A. (ORAN) is down -5.39% to reach $12.28 after reporting that it plans to launch a conditional voluntary public takeover bid on all the shares of Orange Belgium that it does not yet own. It has been trading in a 52-week range of $9.93 to $16.08.
    Switchback Energy Acquisition Corporation (SBE) gained over 2.27% at $30.17 in pre-market trading Thursday December 03, 2020.
    Nano Dimension Ltd. (NNDM), a Computer Hardware company, rose about 4.69% at $6.7 in pre-market trading Thursday after closing the previously reported registered direct offering of 11,960,160 of the Company’s American Depositary Shares at a price of $5.00 per ADS.
    Harmony Gold Mining Company Limited (HMY) is down more than -2.42% at $4.44 in pre-market hours Thursday December 03, 2020. The stock had dropped over 0.00% to $4.55 in the last trading session.
    Waddell & Reed Financial Inc. (WDR) stock moved up 46.33 percent to $24.89 in the pre-market trading after declaring a merger agreement with Macquarie Asset Management, under which Macquarie would acquire Waddell & Reed Financial, Inc. for $1.7 Billion.
    Limelight Networks Inc. (LLNW) stock plunged -2.78% to $4.2 in the pre-market trading. The most recent rating by Goldman, on November 30, 2020, is a Neutral.
    Before the trading started on December 03, 2020, XP Inc. (XP) is down -1.88% to reach $39.65 after announcing pricing of public follow-on offering. It has been trading in a 52-week range of $15.50 to $52.94.
    CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 2.75% at $7.1 at the time of writing. Company’s 52-week ranged between $0.36 to $11.40.
    Splunk Inc. (SPLK) tumbled over -20.5% at $163.69 in pre-market trading today as the firm released fiscal third quarter 2021 financial results.

  • ReTo Eco-Solutions (NASDAQ: RETO) Announces Construction Of Waste Treatment Center

    ReTo Eco-Solutions (NASDAQ: RETO) Announces Construction Of Waste Treatment Center

    ReTo Eco-Solutions, Inc. (NASDAQ: RETO) revealed its unit, Xinyi REIT New Material Co., Ltd. has started the manufacturing of the Waste Treatment Center of Xinyi City. ReTo aimed to resolve all the ecological issues and to provide technical expertise to customers so that they can attain their environmental goals.

    ReTo has previously signed a contract with the Municipal Government of Xinyi in 2019 for the construction of the urban waste treatment center but the construction was suspended because of the pandemic. After signing a 5-year construction deal, ReTo plans to enhance the process of recycling in the urban area of Xinyi City.

    Xinyi City is popular for its green development, economic strength, innovation, and investment capacity. Under the new development agreement, ReTo will combine its technologies expertise to recycle solid waste into useful products that are helpful for the residents. It is anticipated that the yearly processing volume of construction waste will surpass 600,000 tons.

    Share of ReTo Eco-Solutions Inc. (NASDAQ: RETO) rose 24.70% as it gained +0.15 on Friday. It had reported a trading volume of 30.96 million as compared to the average volume of 465.24K. In the past 52-weeks of trading, this company’s stock fluctuated between the low of $0.30 and a high of $1.92. It had moved up 143.33% from its 52-weeks low and moved down -61.98% from its 52-weeks low. ReTo Eco holdings market capitalization remained high, hitting $16.61 million at the time of writing.

    ReTo is striving to help customers with its expertise and anticipate that the final product of the waste treatment center will be useful for road construction, municipal engineering, & other urban constructions. ReTo has earlier unveiled that it has completed the sewage treatment projects it was awarded in the Henan Province. ReTo received these projects because of its continuous success in similar projects and it has the technical expertise to complete these types of projects.