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I/we have a beneficial long position in the shares of LKNCY either through stock ownership, options, or other derivatives. LKNCY is currently still an OTC listed company and should not be the primary target of delisting which seems to focus more on the first tier ADRs listed on the NASDAQ and NYSE. LKNCY released its 2021 unaudited financial results on March 24 th, 2022. Its full year revenue in 2021 was up 97.5% from last year to $1,249.9 million which is also 38.1% higher than the high end of the company’s forecast range for 2021 in the JPLs first report . Core business, yet its stock has drifted substantially lower, trading at only 2X Price to Sales (P/S) and $0.5 million per store.
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Market Data & Company fundamental data provided by FactSet. Powered and implemented by FactSet Digital Solutions Group. IPO investors Luckin Coffee stock might want to cash out on the big gains they’ve made on Luckin Coffee, the biggest listing of a Chinese company this year.
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According to Wall Street analysts Luckin Coffee’s price is currently Overvalued. Luckin Coffee Is Still Out of https://www.ig.com/en/forex Luck Chinese coffee chain Luckin Coffee is running out of time to restructure its convertible debt, and get…
Ev Maker Li Auto Among 17 New Chinese Firms Facing Risk Of Getting Delisted In Us
Upon a successful relisting, LKNCY’s stock will have at least 3x upside from the current level even assuming a discount for ADR delisting concerns. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most Forex news recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Luckin Coffee is reportedly planning a return to the US stock market after the Chinese chain delisted following a $30… All investments involve risks, including the loss of principal.
Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Ahead of the proposed relisting, Luckin held meetings with investors and advisers to discuss other options for capital raising, according to the report. Luckin Coffee reported https://dotbig.com/markets/stocks/LKNCY/ an EPS of $0.062 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -1.835%. To be eligible to receive a Stock Reward through stock party, you must complete the account registration process and open an individual taxable brokerage account (“Personal Portfolio”) that is in good standing.