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$JZXN NEWS: Jiuzi Holdings (NASDAQ: JZXN) Announces Strategic Partnership Agreement to Acquire and Install up to 10,000 Smart Electric Vehicle (EV) chargers by 2027 #EV #TSLA #MULN
https://stockifymedia.com/jiuzi-holdings-nasdaq-jzxn-announces-strategic-partnership-agreement/
My bad .. wrong ticker ..
We shorting this bicsh too ?
Ready to bounce
Company Profile
Jiuzi Holdings Inc is a China-based company mainly engaged in operating new energy vehicles (NEV) retail stores. The Company operates its stores under the brand Jiuzi and sells battery-operated electric vehicles and plug-in electric vehicles in third-fourth tier cities in China. The Company is also involved in franchising NEV retail stores.
Valuation Ratios
Price/Earnings (TTM)--Price/Sales (TTM)8.66xPrice/Book (MRQ)86.04xPrice/Cash Flow (TTM)--
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter
Yesterday's sellers will soon become tomorrow's chasers.
Volume picking back up.
Bid/Ask closing the gap. Might be setting up for a possible run. I'm expecting a nice pop in June. Would like to see us slowly walk up near mid to high 20s before any major run.
All the big runners last week got hammered between Friday AH and today. Let's see if we can mount a comeback AH today into tomorrow
Let's see if we can push this back up monday. It closed the AH gap
Good run. My 0.15 shares up 70%
Very. But it needs news to run. This stock only moves on news
Yawn. No volume. Zero interest here till the next PR. Insiders should buy shares or announce the closing of their open offering to create some interest
Wasn't expecting this: "Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 36,026,309 ordinary shares issued and outstanding as of March 15, 2023."
https://fintel.io/doc/sec-jiuzi-holdings-inc-1816172-20f-2023-march-15-19431-3458
Added 10,000,000 + hopefully they use them for one of the deals they PR'ed about.
Clay how about a video chart for this OS 25.71 million oversold stock ?
https://finance.yahoo.com/quote/JZXN/key-statistics?p=JZXN
Coming events
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171397823
"Registrant is unable to file its Form 20-F for the fiscal year ended October 31, 2022 by the prescribed filing date because Registrant requires additional time to review its financial statements to finalize the Form 20-F. Registrant anticipates that it will file the Form 20-F no later than the fifteenth calendar day following the prescribed filing date."
https://fintel.io/doc/sec-jiuzi-holdings-inc-1816172-nt-20f-2023-february-28-19416-5378
"Jiuyao would purchase 5,000 micro electric passenger cars customized for Jiuyao ("Jiuyao Mini EV") from Chongqing Fengon by December 28, 2022."
https://www.dffengguang.com.cn/carmini
$JZXN .15 - "Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a leading new energy vehicle (NEV) dealership group under the brand name "Jiuzi" in China, today announced that its subsidiary, Hangzhou Jiuyao New Energy Automobile Technology Co. Ltd. ("Jiuyao") has entered into an extension agreement ("Extension Agreement") with Chongqing Dongfeng Fengon Automobiles Sales Co., Ltd. ("Chongqing Fengon"), a subsidiary of Dongfeng Sokon Motor Co., Ltd. ("DFSK Motor")".
http://www.dfsk.com
Jiuyao MPV is custom-made vehicle based on Dongfeng Fengon's MPV model "Fengon 380." The customized version has an extra-large space of 5 cubic meters. It is equipped with BYD's superior blade battery, enabling Jiuyao MPV's CLTC, or the China Light-Duty Vehicle Test Cycle to range up to 310km. Since Jiuyao MPV has gained considerable accolades from the market, the Company plans to further launch an upgraded version in the first half of 2023. The new version will be installed with an extended-range battery, which allows the CLTC range to increase to 351km. Meanwhile, the battery can also be swapped so that Jiuyao MPV owners can change out dead or dying batteries for fully charged ones in a matter of minutes.
https://finance.yahoo.com/news/jiuzi-holdings-inc-signs-extension-130000971.html?.tsrc=fin-srch
$JZXN http://en.zjjzxny.cn - OS 25.71M - https://finance.yahoo.com/quote/JZXN/key-statistics?p=JZXN
We source NEVs through more than twenty NEV manufacturers, including BYD, Geely, and Chery, as well as battery/component manufacturers such as Beijing Zhongdian Boyu, Shenzhen Jishuchongke and Youbang Electronics which focus on manufacturing charging piles, and Guoxuan Gaoke, and Futesi in battery production. On the capital side, we introduce franchisees to various capital platforms including Beijing Tianjiu Xingfu Control Group and Qinghua Qidi Zhixing, through which our franchisees and their vehicle buyers can obtain financing. Our business partners help us in providing a variety of products and extend our geographic reach. http://en.zjjzxny.cn/intro/1.html
Pursuant to a purchase agreement ("Purchase Agreement") signed by Jiuyao and Chongqing Fengon dated August 2, 2022, Jiuyao would purchase 5,000 micro electric passenger cars customized for Jiuyao ("Jiuyao Mini EV") from Chongqing Fengon by December 28, 2022. However, due to the impact of the Covid-19 outbreak in China, delivery and sales fell behind the schedule. Considering mutual interest, the two parties have agreed to extend the original purchase deadline for six months, or, from December 28, 2022 to June 30, 2023. Under the Extension Agreement, the two parties have also agreed that the Purchase Agreement will include the trade of Jiuyao MPV, which was launched in October 2022.
Jiuyao MPV is custom-made vehicle based on Dongfeng Fengon's MPV model "Fengon 380." The customized version has an extra-large space of 5 cubic meters. It is equipped with BYD's superior blade battery, enabling Jiuyao MPV's CLTC, or the China Light-Duty Vehicle Test Cycle to range up to 310km. Since Jiuyao MPV has gained considerable accolades from the market, the Company plans to further launch an upgraded version in the first half of 2023. The new version will be installed with an extended-range battery, which allows the CLTC range to increase to 351km. Meanwhile, the battery can also be swapped so that Jiuyao MPV owners can change out dead or dying batteries for fully charged ones in a matter of minutes.
https://www.nasdaq.com/press-release/jiuzi-holdings-inc.-signs-extension-agreement-with-dongfeng-fengon-and-plans-to
Looks like an algorithm trying to push this down further
Hmmmm Looks like just about dead bottom, great chart thanks
JZXN.........................................https://finviz.com/quote.ashx?t=JZXN&p=d
Why is this EV Company $JZXN only .1626 cents with an OS of only 25.71M https://finance.yahoo.com/quote/JZXN/key-statistics?p=JZXN in a huge market like China while all these EV Companies are priced much higher ? $TSLA $LI $LCID $NIO $RIVN $PSNY $XPEV $FSR $NKLA $GGR $PTRA $LEV $HYLN $FFIE $MULN $NIU $GOEV $HYZN $RIDE $KNDI $CENN $XOS $REE $SOLO $SEV $GP $ZEV $AMV $PEV $FUZ
Shouldn't it at least have a market cap of $26,000,000 or so with a share price of $1 + ?
What am I missing ?
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