On February 1, 2022, MDJM Ltd. (MDJH) stock added a huge 33.93% in the after-hours session. There was no official news or SEC filing behind the stock’s movement but it has been gaining since it brushed down to its 52-week low recently.
In the previous regular trading session, the stock remained bullish with a gain of 6.33% at its close of $1.68. MDJH stock continued gaining in the after-hours to reach $2.25 at 551.21K shares.
Based in China, MDJM Ltd. is an integrated real estate services company founded in 2002. Currently, its 11.68 million outstanding shares trade at a market capitalization of $18.45 million.
What is happening with MDJH?
While there was no official news, MDJH stock reached a high of $2.41 on January 27, as it gained well in the previous after-hours session. The stock was able to reach such a high after nearly 45 days. Hence, the stock entered corrections to shed its gains. The corrections led the stock to reach its 52-week low of $1.40 on January 28. It seems this low was taken as a good buying opportunity by investors, as the stock became bullish afterward. The stock has been in an uptrend since the brush down to its 52-week low. While it was gaining at a steady pace, the aftermarket on Tuesday saw a huge gain of 33.93%.
So far 2022 seems to be fruitful for the stock in the sense that it has only lost 5.62% year to date. MDJH stock declined by a huge 63.00% last year with 59.02% in the last three months.
New Joint Venture Company
On August 18, the company announced its new joint venture company, Mansions Estate Agent Ltd., in the United Kingdom. Moreover, MDJH’s subsidiary MD Local-Global Limited, Ocean Tide Wealth Limited, UK-based specialist broker, and Mingzhe Zhang jointly established the new joint venture.
Mansions Estate works in assets management business in the UK and provides related services. Further, the establishment of the joint venture, Mansions Estate was a part of the company’s global expansion strategy.
MDJH’s Financial Analysis
On October 15, the company declared its unaudited financial results for the first half of 2021.
In the first half of 2021, MDJH’s revenue remained approximately the same as the year-ago period, at $2.71 million.
Furthermore, the company incurred a net loss of $0.23 million in the first half of 2021, against a net income of $0.13 million in the year-ago period. Therefore, the company had a net loss per share of $0.02 in the first half of 2021, against net income per share of $0.01 in the year-ago period.
