EU and US could reach trade deal this weekend - Reuters
Blue Hat Interactive Entertainment Technology’s stock has reached a 52-week low, trading at $2.01, with a market capitalization of just $10.09 million, as the company faces a challenging period marked by a significant downturn in its market valuation. According to InvestingPro analysis, the stock appears undervalued at current levels. Over the past year, the stock has experienced a precipitous drop, with a staggering 1-year change showing a decline of -98.19%. The company’s financial health score from InvestingPro is rated as WEAK, with concerning metrics including negative EBITDA of -$24.5 million and gross profit margins of -25.81%. This dramatic fall reflects investor concerns and broader market trends that have impacted the company’s performance and investor sentiment. The current price level represents a critical juncture for Blue Hat as it navigates through its financial and operational hurdles in an effort to regain stability and investor confidence. InvestingPro subscribers have access to 14 additional key insights about BHAT’s financial position and market performance.
In other recent news, Blue Hat Interactive Entertainment Technology announced a reverse stock split at a ratio of 1-for-100, effective on March 17, 2025. This move consolidates every 100 shares into one, with the company’s trading symbol remaining unchanged. Blue Hat also received a delisting notice from Nasdaq due to non-compliance with listing requirements, and the company is appealing this decision. In financial developments, Blue Hat has raised $4.3 million through a direct offering of approximately 77.99 million shares at $0.055 each, facilitated by Maxim Group LLC. Additionally, the company secured $3.9 million through another direct share offering of 55.95 million shares priced at $0.07 per share, also managed by Maxim Group LLC. These offerings aim to support the company’s operations and growth initiatives as it transitions to commodity trading in China. Meanwhile, Farmmi, Inc. has scheduled its Annual General Meeting for the fiscal year ended September 30, 2024. The AGM notice was filed with the SEC, providing shareholders with the proxy statement to review corporate matters.
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