The price of BIMI Holdings Inc. (NASDAQ:BIMI) shares last traded on Wall Street rose 14.29% to $0.48.
BIMI stock price is now -63.09% away from the 50-day moving average and -74.01% away from the 200-day moving average. The market capitalization of the company currently stands at $5.56M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, Tiewei Song, CEO sold 4,000 shares of the company’s stock on Feb 28 ’24. The stock was sold for $16,300 at an average price of $4.08. Upon completion of the transaction, the CEO now directly owns 337,117 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, CEO Tiewei Song sold 724 shares of the business’s stock. A total of $2,903 was realized by selling the stock at an average price of $4.01. This leaves the insider owning 341,117 shares of the company worth $0.16 million. A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, BIMI Holdings Inc. has had a low of $0.24 and a high of $4.13. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.21, and a quick ratio of 0.42. The fifty day moving average price for BIMI is $1.283 and a two-hundred day moving average price translates $1.84175 for the stock.
The latest earnings results from BIMI Holdings Inc. (NASDAQ: BIMI) was released for 2023-09-30. The company reported revenue of $2.52 million for the quarter, compared to $4.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -48.85 percent.
