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  • Shares of Yunji Inc. (YJ) stock were down today. Why did it happen?

    Shares of Yunji Inc. (YJ) stock were down today. Why did it happen?

    Yunji Inc. (YJ), an eCommerce platform in China, today reported its fourth quarter and fiscal year 2020 unaudited results after which the YJ stock price fell by 9.13% to drop at $2.39 a share as of this writing. YJ stock seemed red at the previous closing with a 3.31% drop and $2.63 per share price. Let’s analyze the earnings to understand the drop.

    Fourth-quarter Results

    • Yunji Inc generated RMB1,327.4 million revenue in the fourth quarter of 2020 which shows a significant decrease as compared to RMB2,449.4 million in the fourth quarter of 2019.
    • Merchandise sales revenue was RMB1,165.2 representing a 45.2% decrease as compared to the same period in 2019.
    • The membership program recorded RMB0.04 million as compared to RMB145.9 million in the same period of 2019.This decrease was mainly due to Yunji’s ongoing refinement of its membership enrollment system.
    • Marketplace business revenue was RMB151.7 million representing a decrease of 10.3%
    • The total cost of revenues of YJ stock wasRMB986.6 million representing a 46.8% decrease as compared to RMB1,854.9 million in the same tenure of the previous year while operating expenses were RMB367.9 million with a 44.5% decrease as compared to the fourth quarter of 2019.

    The financial year 2020 Results

    • Full 2020-year revenue of the YJ stock dropped to RMB5,530.3 million as compared to RMB11,672.0 million in 2019.
    • Merchandise sales revenue was RMB4,829.4 million representing a 54.2%decrease over the year.
    • Membership program generated RMB42.4 million revenue while it was RMB776.8 million in 2019, thus representinga 94.5% decrease over the year.
    • marketplace business revenue surged by 92.3% to RMB599.9 million in 2020 as compared to RMB311.9 million in 2019.
    • The total cost of revenues of YJ stock was RMB3,940.0 million with a 57.4% drop over the year while operating expenses dropped toRMB1,720.9 million as compared to RMB2,746.0 million in 2019.
    • Yunji stock suffered RMB97.5 million loss from its operations while this loss was RMB254.8 million in 2019.
    • RMB151.7 million of net loss was recorded in 2020 as compared to RMB123.8 million in 2019.

    Past Developments

    On January 29, 2021,YJ stock launched its first private label food brand, Li Ba Tian, in response to the increasing demand for children’s food in China.Furthermore, in the lunar year period, Yunji launched many campaigns for the growth of its e-commerce business.

    Conclusion:

    Yunji stock is facing bearish sentiment as far as the stock market is concerned. Yunji revenues showed a significant decrease in 2020 as compared to prior year revenue. Hence it is better to analyze Yunji’s balance sheet, its fundamentals, and future growth deeply before making any decision about it.

  • Yunji Inc. (NASDAQ: YJ), revenues declined as its revealed its Q3 fiscal results

    Yunji Inc. (NASDAQ: YJ), revenues declined as its revealed its Q3 fiscal results

    Yunji Inc. (NASDAQ: YJ), a top social e-commerce network focused on membership, officially reported its third quarter unaudited financial results ended September 30, 20201.

    Compared to $421.5 million in the same timeframe in 2019, gross revenues were $157.1 million, largely attributable to a decline in revenues from retail sales due to a rise in the proportion of the company’s business contributed from its marketplace business. Marketplace industry revenues are recorded on a net basis and attributed to market income, while merchandising revenues are recognised on a gross basis and contributed to merchandise profits, respectively.

    Revenues from merchandise sales, net, fell from $375.7 million in the same period of 2019 by 62.8 percent to $135.4 million. As the Corporation continues to optimise its capital allocation strategy to further boost the operating efficiencies of its marketplace sector on the cloud, the decline was largely attributed to the decrease in GMV related to product sales.

    Membership scheme sales amounted to $0.7 million, relative to $31.4 million in the same period in 2019. The decline was due to the continued refining of its membership enrollment scheme by the Company. The Business has allowed any individual to become a member and receive membership benefits free of charge for one year beginning in January 2020 by simply registering for an account on the Yunji app. In the third quarter of 2020, the income from the subscription scheme was generated from the deferred revenue of previous paid members.

    Marketplace market profits grew by 51.1 percent from $13.12 million in the same period of 2019 to $19.2 million as a result of the increased number of famous products and retailers on the company’s website and increased transactions on other sites from a variety of sales channels.

    As a result of an increase in warehousing and logistic services offered to third parties, other sales rose by 52.9 per cent to $1.8 million from $1.22 million in the same period of 2019.

     With the results, the company disclosed that, for personal reasons, Mr. Chen Chen has quit from his position as CFO of the Company, effective December 31, 2020.

    In addition, the organisation has reported that Mr. Chengqi Zhang has been elevated to Vice President of Finance. 

    It was in November 2019 that Mr. Zhang first joined Yunji. Mr. Zhang had been an audit director at Deloitte since 2007, prior to joining the group. He is a member of the American Certified Public Accountants Institute (AICPA).

  • What changed for these 24 stocks in Pre Market Session

    What changed for these 24 stocks in Pre Market Session

    Sundial Growers Inc. (SNDL) stock plunged -4.62% to $0.287 in the pre-market trading. The company recently reported that it will participate in Cowen’s 2020 Boston Cannabis Conference, to be held virtually between November 30 and December 2, 2020. The most recent rating by CIBC, on August 17, 2020, is a Neutral.

    Ideanomics Inc. (NASDAQ: IDEX) shares are trading down -8.89% at $2.87 at the time of writing after the declaration by company that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million. Company’s 52-week ranged between $0.28 to $3.98.

    Fuel Tech Inc. (FTEK), a Pollution & Treatment Controls company, dropped about -16.89% at $5.02 in pre-market trading Wednesday.

    Yunji Inc. (YJ) gained over 33.8% at $5.74 in pre-market trading Wednesday November 25, 2020 following the publication that the company has signed a cooperative framework agreement with Douyin, a leading Chinese live streaming platform owned by Bytedance.

    XPeng Inc. (XPEV) is down more than -5.69% at $66.61 in pre-market hours Wednesday November 25, 2020. The stock had dropped over -2.13% to $70.63 in the last trading session.

    DPW Holdings Inc. (DPW) stock plunged -6.66% to $5.89 in the pre-market trading after a news declared by the DPW Holdings, that its power electronics business, Coolisys Technologies Corp.® (“Coolisys®”), has established a program targeting both national and regional fast-food franchises to install the ACECool™ electric vehicle (“EV”) chargers as a part of a revenue sharing program.

    Li Auto Inc. (NASDAQ: LI) shares are trading down -5.14% at $41.7 at the time of writing. Company’s 52-week ranged between $14.31 to $44.18. Analysts have a consensus price target of $45.60.

    Macy’s Inc. (M) stock moved down -4.7 percent to $10.35 in the pre-market trading. The retail organization recently publicized that Malek Robert Amirshahi has been named senior vice president of corporate communications for Macy’s, Inc., effective December 7, 2020.

    Occidental Petroleum Corporation (OXY) lost over -3.52% at $16.19 in pre-market trading Wednesday November 25, 2020.

    Before the trading started on November 25, 2020, Blink Charging Co. (BLNK) is down -4.37% to reach $26.89. The organization recently told that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations. It has been trading in a 52-week range of $1.25 to $34.67.

    Tilray Inc. (TLRY) stock plunged -4.85% to $7.45 in the pre-market trading after the firm reported that it has entered into privately negotiated exchange agreements with certain holders of its 5.00% Convertible Senior Notes due 2023. The most recent rating by Jefferies, on November 16, 2020, is an Underperform.

    Marathon Patent Group Inc. (NASDAQ: MARA) shares are trading up 9.78% at $5.39 at the time of writing. Company’s 52-week ranged between $0.35 to $5.25. Analysts have a consensus price target of $7.50.

    Advaxis Inc. (ADXS), a Biotechnology company, rose about 7.36% at $0.3049 in pre-market trading Wednesday after the recent declaration by firm, the pricing of an underwritten public offering of (i) 26,666,666 shares of common stock and warrants to purchase up to 13,333,333 shares of common stock.

    ECMOHO Limited (MOHO) is down more than -22.22% at $2.8 in pre-market hours Wednesday November 25, 2020. The stock had jumped over 151.75% to $3.60 in the last trading session.

    Ayro Inc. (AYRO), a Auto Manufacturers company, dropped about -6.32% at $8.15 in pre-market trading Wednesday. The firm recently declared that the closing of its previously reported registered direct offering for an aggregate of $10 million in gross proceeds with Carnegie Hudson Resources, an investment arm of Wanxiang America, along with several existing institutional investors.

    Borr Drilling Limited (BORR) lost over -5.64% at $0.8766 in pre-market trading Wednesday November 25, 2020.

    OrganiGram Holdings Inc. (OGI) is down more than -1.64% at $1.2 in pre-market hours Wednesday November 25, 2020 after the healthcare company declared that it will report earnings results for its fourth quarter and full year Fiscal 2020 ended August 31, 2020 on Monday November 30th, 2020 before market open. The stock had jumped over 8.93% to $1.22 in the last trading session.

    Before the trading started on November 25, 2020, The Macerich Company (MAC) is down -4.5% to reach $10.41. It has been trading in a 52-week range of $4.56 to $26.20.

    The Gap Inc. (GPS), a Apparel Retail company, dropped about -11.57% at $23.76 in pre-market trading Wednesday after the company recently reported its financial results for the third quarter of fiscal year 2020, ending October 31.

    Aphria Inc. (NASDAQ: APHA) shares are trading down -3.65% at $6.6 at the time of writing. Company’s 52-week ranged between $1.95 to $6.60.

    Canaan Inc. (CAN), a Computer Hardware company, rose about 2.77% at $5.57 in pre-market trading Wednesday. The technology company plans to release its third quarter 2020 financial results before the market opens on Monday, November 30, 2020.

    Foresight Autonomous Holdings Ltd. (FRSX) is down more than -4.62% at $1.24 in pre-market hours Wednesday November 25, 2020. The stock had dropped over -2.99% to $1.30 in the last trading session.

    India Globalization Capital Inc. (IGC) stock plunged -7.43% to $1.37 in the pre-market trading. The firm reported that it is enrolling participants suffering from mild to severe dementia due to Alzheimer’s disease for its Phase 1 clinical trial.

    Jumia Technologies AG (NYSE: JMIA) shares are trading down -5.86% at $28.62 at the time of writing. Company’s 52-week ranged between $2.15 to $31.19. Analysts have a consensus price target of $4.50.