Utime limited9/18/2023 ![]() ![]() The company sold 3.75 million shares in the IPO to raise $15 million. On Tuesday, the stock closed at $39, or 875% above its $4 initial public offering price, which was at the low end of the expected range of between $4 and $5 a share. ![]() exchanges, in the China-based mobile phone maker's second day of trading on the Nasdaq. This uncertainty was likely to cause some volatility in UTME’s stock price, making it a risky investment for some investors.Soared 133.3% in very volatile afternoon trading Wednesday, enough to pace all gainers on major U.S. Despite the lack of data, investors could still look at the broader market trends to gain some insight into the potential performance of UTME. This lack of information made it difficult for investors to make informed decisions about whether to buy or sell UTME stock. The current quarter’s earnings per share and sales were also not disclosed, leaving investors with little to go on. On May 1, 2023, the stock performance of UTME remained uncertain as there was no forecast data available. UTME Stock Performance Uncertain with No Forecast Data Available There are no executives listed for UTME, and the corporate headquarters are unknown. UTME’s price-to-sales ratio is 0.47, and the price-to-book ratio is 0.55, indicating that the stock is undervalued compared to its revenue and book value. The company’s earnings growth in the previous year was negative, with a decline of 166.87%, but it did experience revenue growth of 17.89% in the previous year, which is a positive sign. However, the company had a net loss of $6.1 million in the same period, resulting in a negative net profit margin of 14.1%. UTME is a company in the electronic technology sector, specifically in the telecommunications equipment industry, with a market capitalization of $5.6 million and had annual revenue of $42.9 million in the previous year. On May 1, 2023, UTME stock opened at 0.71, slightly higher than the previous close of 0.69, and traded in a range of 0.70 to 1.72 with a volume of 126,224 shares traded, significantly higher than the average volume of 29,107 shares traded over the past three months. UTME Stock Analysis: Revenue Growth, Undervaluation, and Unknown Corporate Headquarters However, the fact that trading has been halted on a circuit breaker implies that they have exceeded a predetermined threshold amount. The exact level of circuit breaker that has been triggered for UTime Limited shares is unclear. These are known as market-wide circuit breakers since all securities are halted when certain levels are triggered. Level 3 circuit breakers, on the other hand, halt trading for the remainder of the trading day, from 9:30 AM to 4:00 PM. Level 1 or 2 circuit breakers pause trading across all exchanges for 15 minutes, unless they are activated at or after 3:25 PM, in which case trading may continue. There are three levels of circuit breakers in place. These measures automatically stop trading when prices reach certain levels in exchanges worldwide. Circuit breakers are implemented to prevent panic-selling on stock exchanges when a security or broad index surpasses a predetermined threshold. As of May 1, 2023, UTime Limited has been placed on a circuit breaker, causing a temporary halt in trading. ![]()
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