The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view. The stock declined by 66 per cent month-to-date (MTD) and 63 per cent in the past week. It scored a high of US$ 107.32 apiece on April 7, a day after its public debut, and ever since it’s been on a downward trajectory. Due to the Reddit rally, which started towards the end of 2020, prices of many lesser-known stocks catapulted to epic highs.Įarlier this year, stocks for companies like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) witnessed a massive surge in their share prices after retail investors started discussing them on Reddit. However, it seems that the stock is now losing its shine.Ĭopyright © 2021 Kalkine Media Should you invest in UTime Limited (NASDAQ:UTME) Stock?įollowing the public debut, UTME stock skyrocketed, buoyed by discussions by retail investors on platforms like Reddit and Discord. Initially, the company attracted a lot of attention from the investors. It sold 3,750,000 shares in the initial public offering (IPO) for US$ 4 and raised US$ 15 million from gross proceeds.Ĭompared to the IPO offering, UTime stocks climbed by 875 per cent during the trading session on the day of its debut and closed at US$ 39 apiece. The Chinese manufacturer made its public debut on the Nasdaq stock market on April 6, 2021. (NASDAQ:UTME) shares traded higher Friday as retail traders tried to catch the bounce following the stocks plummet Thursday. UTime is involved in manufacturing and selling devices and electronics products that are cost-effective. It caters to the needs of budget customers in developing and low-income countries. Unlike most smartphone makers, this Chinese company does not aim at big spenders. However, solely looking at the historical price movement is usually misleading. Investors can use this forecasting interface to forecast Utime historical stock prices and determine the direction of Utimes future trends based on various well-known forecasting models. After a net loss of US$ 42.83, the UTME scrips closed at US$ 16.17 apiece. Utime Stock Forecast is based on your current time horizon. Stocks of UTime Limited (NASDAQ:UTME) plunged 72.6 per cent to end the trading session on Thursday, June 17.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |