Latest news with #MagicEmpireGlobalLimited
Yahoo
23-03-2025
- Business
- Yahoo
Magic Empire Global Leads This Trio Of Promising Penny Stocks
As the U.S. stock market experiences a slight downturn following a recent rally, investors are increasingly drawn to opportunities that might offer both resilience and growth potential. Penny stocks, despite their somewhat antiquated label, continue to attract attention as they often represent smaller or emerging companies with unique prospects. By focusing on those with strong financial foundations and clear growth paths, investors can uncover valuable opportunities within this segment of the market. Name Share Price Market Cap Financial Health Rating Safe Bulkers (NYSE:SB) $3.82 $403.65M ★★★★☆☆ Tuya (NYSE:TUYA) $3.57 $2.28B ★★★★★★ Peraso (NasdaqCM:PRSO) $0.8062 $2.92M ★★★★★☆ Sensus Healthcare (NasdaqCM:SRTS) $4.74 $78.85M ★★★★★★ Golden Growers Cooperative (OTCPK:GGRO.U) $4.50 $67.38M ★★★★★★ TETRA Technologies (NYSE:TTI) $3.41 $454.11M ★★★★☆☆ Imperial Petroleum (NasdaqCM:IMPP) $2.59 $77.35M ★★★★★★ BAB (OTCPK:BABB) $0.84 $6.03M ★★★★★★ QuantaSing Group (NasdaqGM:QSG) $3.08 $136.47M ★★★★★★ CBAK Energy Technology (NasdaqCM:CBAT) $0.8281 $76.45M ★★★★★☆ Click here to see the full list of 765 stocks from our US Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Magic Empire Global Limited operates in Hong Kong, offering corporate finance advisory and underwriting services, with a market cap of $3.04 million. Operations: The company's revenue is primarily derived from its brokerage segment, which generated HK$15.43 million. Market Cap: $3.04M Magic Empire Global Limited, with a market cap of US$3.04 million, recently resolved a Nasdaq bid price deficiency, regaining compliance with listing requirements after its stock maintained a closing bid price of $1.00 for 10 consecutive days. Despite having no debt and short-term assets significantly exceeding liabilities (HK$95.7M vs HK$1.7M), the company is unprofitable and has seen losses increase by 82.3% annually over five years. Revenue from its brokerage segment stands at HK$15 million, indicating limited meaningful revenue streams while volatility remains high, reflecting the inherent risks associated with penny stocks like MEGL. Get an in-depth perspective on Magic Empire Global's performance by reading our balance sheet health report here. Gain insights into Magic Empire Global's past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Angi Inc. operates as a platform connecting home service professionals with consumers both in the United States and internationally, with a market cap of approximately $790.43 million. Operations: Angi's revenue is primarily derived from its Domestic - ADS and Leads segment, which generated $962.60 million, followed by the International segment at $128.99 million and Domestic - Services at $93.52 million. Market Cap: $790.43M Angi Inc., with a market cap of approximately US$790.43 million, has recently achieved profitability, reporting a net income of US$36 million for 2024 compared to a net loss the previous year. The company's debt is well managed, with interest payments covered by EBIT and operating cash flow covering 31.4% of its debt. However, Angi's short-term assets do not fully cover its long-term liabilities, indicating potential financial strain. Recent corporate changes include executive shifts and an impending spin-off from IAC Inc., which could impact future strategic directions and shareholder value amidst ongoing restructuring efforts. Click here and access our complete financial health analysis report to understand the dynamics of Angi. Examine Angi's earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Blend Labs, Inc. offers a cloud-based software platform for financial services firms in the United States and has a market cap of approximately $921.80 million. Operations: The company generates revenue through its Blend Platform, which accounts for $115.76 million, and Title services, contributing $46.26 million. Market Cap: $921.8M Blend Labs, Inc., with a market cap of US$921.80 million, offers a cloud-based software platform for financial services firms and is currently unprofitable. Despite this, the company has no debt and maintains a cash runway exceeding three years based on current free cash flow. Recent strategic partnerships with Leader Bank and Talk'uments enhance its mortgage lending capabilities by integrating automated workflows and multilingual support, respectively. Additionally, Blend's collaboration with Truework aims to streamline income verification processes for lenders. The company's recent shelf registration filing suggests potential capital raising activities to support ongoing growth initiatives. Dive into the specifics of Blend Labs here with our thorough balance sheet health report. Gain insights into Blend Labs' future direction by reviewing our growth report. Get an in-depth perspective on all 765 US Penny Stocks by using our screener here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:MEGL NasdaqGS:ANGI and NYSE:BLND. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
Magic Empire Global Limited announces that the bid price deficiency concern raised by Nasdaq has been successfully resolved
Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) ('MEGL', or the 'Company') is pleased to announce that the bid price deficiency concern raised by Nasdaq has been successfully resolved. The Company has received written notification (the 'Nasdaq Notice') from The Nasdaq Stock Market LLC ('Nasdaq') notifying the Company that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market (the 'Listing Rules'). On February 26, 2025, the Company received a letter from Nasdaq notifying the Company that it has not regained compliance with Listing Rule 5550(a)(2). Accordingly, its securities will be delisted from the Capital Market. The Company may appeal Staff's determination to the Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. On March 4, 2025, the Company received formal notification from Nasdaq, that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. Nasdaq made this determination of compliance after the closing bid price of the Company's ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days from February 18, 2025 to March 3, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed. MEGL remains committed to maintaining the highest standards of corporate governance and compliance. The company appreciates the support of its shareholders. About Magic Empire Global Limited Magic Empire Global Limited is a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services. Its service offerings mainly comprise (i) IPO sponsorship services; (ii) financial advisory and independent financial advisory services; (iii) compliance advisory services; (iv) underwriting services; and (iv) corporate services. For more information, visit the Company's website at Safe Harbor Statement Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'potential,' 'continue' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at Empire Global LimitedMs. Vivien TaiTel: +852 3577 8770E-mail: meglir@
