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I'm looking at Yahoo Finance and it shows 88 Million Enterprise Value so that's around 22 dollars a share. For me I'm going to stay around at least another year, one of their subsidiaries looks like a real big future winner Wenzhou Xibolun. Though all their subsidiaries may end up doing better than Wenzhou. I just like stainless steel products. Don't take my investment advice
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Someone asked me about the $20-24 rumor.
What I heard is that some group wanted to confirm the cash balance and make a move if confirmed.
Yesterday's decline and volume is intriguing to me.
I only have some free shares at this time.
Yes, things seem good.
However, having been burned so much, I usually trade out my cost.
Up 10% premarket, but it's less than 1,000 shares traded.
That's meaningless.
We shall see if it continues though.
Hopefully great news soon, everyone do your own DD
Today was a raid. It's still up nicely.
We shall see whether a buyback or go private transaction comes up.
I don't know about the validity of the rumor, but have heard that $20-24 may be offered.
Would seem low because cash is said to be about $29.00/share.
Dividend, buyback or go private (buyout) transaction is what I expect to hear soon.
Coackroach Raid.
Not adverse to buying some more.
Some speculation is hitting as to why the company hasn't announced either a dividend or buyback.
The last few days have been interesting and looks like someone has been accumulating.
I traded out my cost - that's what I usually do.
Let's see if the accumulation continues to the upside or if they try a raid to get some shares.
I have my buy order in for 11.70 Don't take my investment advice
Shorts scrambling as last raid got bought up hard.
As it stands, they probably have to shake the tree again. Unless buyers have got a decent position and start to put pressure on them to cover.
The spread is wide, so it seems they aren't done trying to catch some strays.
Very little in terms of shares available under $10.50
Seems like it's been found by a couple of groups.
Shorts are in trouble as it seems most longs are just going to hang on (and maybe buy more).
I figure the groups that found it are going to try and accumulate a bit more before it goes much higher.
I have a position, but if they dip it again, I will add.
From what I have seen there is 400,000 shares sold short.
I figure at this point they have to continue to add and try to cap any upward movement.
If enough buyers hold and add, it will get interesting over $12
As I said, I think the groups are still trying to accumulate a few more. So they want the short to hit the bid to shake some shares out.
Trading over $9 today.
It looks like there is some interest and someone trying to quietly accumulate a position.
Trading indicated that MMs had no shares and needed to dip it to get a few
Thanks for that dip.
Below $9 is a decent entry.
Spike, consolidate (while someone accumulates) and then we see whether there is enough buyers to push higher or if they try to accumulate a bit more.
Given what happened in the world, it may take a few days for interest here to build.
It seems a buyback or possibly a dividend may be in the works.
Recently, when there is good news, market makers like to cap a stock while they accumulate a bit before letting it go. (They sell what they accumulate while it was capped.)
Ideally, within a week or two, some news about a buyback or dividend is released.
Most ideal would be Monday morning, but if they were that close to deciding they likely would have announced it at the same time as the earnings.
We are not gonna chase but damm. Sexy chart. $29/cash
NISN:
"Today, we'll look at some stocks with solid revenue and cheap valuations, out of which the top ones are Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN), Chimerix, Inc. (NASDAQ:CMRX), and United Maritime Corporation (NASDAQ:USEA)."
https://finance.yahoo.com/news/10-best-stocks-buy-next-183346528.html
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"In the six months ended June 30, 2022, the Company achieved a net income of $14.4 million, compared to $10.5 million in the same period of the prior year, primarily attributable to significant increases in revenue and gross profit from financing solution services."
http://ir.nisun-international.com/pressDetail.html?id=46
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$NISN: PE Multiple only 0.37....................
But they say that there sales are at $239Milly annual with a MCap of only 19.5Milly.
How is that possible even ???
Float is even tiny at only 23Milly here with SP at 0.47
I'll be scaling into this
GO $NISN
NISN is the most undervalued stock I can find on the Simply Wall Street App/website. I wish I could post a screenshot. If any of you have the app, in the Share Price vs Fair Value section, it reports NISN to be 99.3% undervalued. It shows the "Fair Value" price to be $80.95. That is astonishingly undervalued. Looking for some grand long positions here!
I think ppl who dumped will wish they hadn’t , big buys coming in . ER anytime now.
The email was from ICR team
Contact in US nisun@icrinc.com
http://ir.nisun-international.com/request.html
email is under request information on website
Hey! I'm trying to get in touch with an IR.. bill sent me to Alex who I haven't heard back from. Who did you speak with?
Gotta response from ir …next earning date not yet confirmed but a new ER will be released within this year. No bad news why so much dumping ?
NISN $$$ READY TO ROCK TO $10.00+...SO CHEAP HERE..
NISN $$$...THIS WILL GO PARABOLIC ANYDAY NOW..SO THIN ALL THE WAY UP...50.00++
No doubt adding when I can here
NISN @ .80s: Low float China finance.Has $90M+ cash ,EPS $1.41.Buying back 1/3 share now. When the HKD, AMTD. etc ,crowd arrive NISN owners will be there to welcome them for the orbit on tap. Just too easy.
NISN @ .80s: China finance.. Great EPS. Buying back $8M shares. NISN is what AMTD & HKD want to be
China crowd will find NISN.
Massive cash, growth, EPS, etc:
5/17/22
https://finance.yahoo.com/news/nisun-international-reports-fiscal-2021-100000138.html
Hard to believe with these earnings under $1.00 matter of time so undervalued!
Like this set up. Sellers are gone as volume drying up for days ahead of a big short squeeze! Great pattern! Earnings will be soon and that always spikes this sucker!
Historically, this is the area it previously pumped to $24 from. https://charts.stocktwits.com/production/original_469168412.png
This one about to go from dull to exciting in a hurry! Loaded!
Volume has dried up and sellers are gone. We are about to catch a serious upside wave soon!
Time to let it fly! NISN is good value based on its Price-To-Earnings Ratio (1x) compared to the peer average (72.4x) and compared to the US Software industry average (37.3x).NISN ($0.73) is trading below our estimate of fair value ($93.12). Excellent balance sheet, very undervalued with high growth potential. EPS $1.41
Indeed. Markets are often absurd.
Three days pennant charts are forming. Which way will it head? By the way, 8 million share buyback, over 1/3 of their float next six months, is happening.
What NISN predicted about its 2021 net profits was correct, they were about $30 million. For 2022, they expect $59.5 million net income and for 2023 they estimate about $100 million. People need to find this. Dirt cheap.
NISN opened with green today. NISN reported incredible earnings, with US based auditor, and is not an OTC stock, it's a NASDAQ stock. Adding shares at this level is simply stealing, IMHO. Hope more investors are finding this company soon.
Happy Juneteeth!* I didn't know the coming Monday is a national holiday.:) Have a nice long weekend!
Sleeping giant! You and I both know they can turn this loose any moment so you kind of have to keep a close watch on it. It usually starts the day with a delayed reaction, but for all we know it could also spike to a buck in a blink. Just whenever they get ready to turn loose a little volume. Anyway, don’t blink and miss it! God bless and have a good day!