On January 05, Infobird Co. Ltd. (IFBD) stock rebounded in the after-hours to recover its loss. During the regular session, the stock suffered a loss of 9.08% at its closing price of $1.001. Following the loss, the stock rebounded to gain 9.08% in the after-hours session. Consequently, IFBD was trading at $1.200 apiece in the after-hours with 74.25K shares exchanging.
Founded in 2020, Infobird Co. Ltd. provides innovative artificial intelligence-enabled customer engagement solutions in China. Currently, its 25.25 million outstanding shares trade at a market capitalization of $30.55 million.
IFBD Stock Movements
The IFBD stock had been in an uptrend since the start of this week. After gaining for two days, the stock seems to have entered a downtrend due to profit booking on Wednesday. Hence, it lost 9.08% in the regular trading session to shed its gains to profit bookers. Following the loss, the stock rebounded in the after-hours and investors were kind enough to let it recover almost all of its loss during the day. Moreover, no news from the company was responsible for the recovery of the stock in the after-hours session.
In the past five days, the IFBD stock has added a value of 3.77% while it lost 5.16% last month. Furthermore, the stock has lost a huge 48.83% in the past three months with a meager gain of 1.86% year to date.
Partnership with HYCAN
On December 20, the company announced a service agreement with HYCAN for digital marketing solutions. HYCAN is China’s growing New Electric Vehicle manufacturer (NEV). The company provides intelligent electric vehicles to its customers with a smart and pleasant travel experience. HYCAN is co0invested by Pearl River Investment, GAC Group, and NIO.
According to the multidimensional partnership, HYCAN will enhance and upgrade its digital marketing tools and capabilities. Further, the brand will also be able to promote its NEVs to the Gen Z customer base more effectively.
IFBD would be able to provide various customer engagement capabilities to HYCAN through its expertise in digital marketing, intelligent customer engagement, and private realm operations. Hence, Infobird believes in a broader future collaboration opportunity between the two companies.
Other Developments
Recently, the company also announced an upgrade to its cloud-based intelligent interactive training SaaS product. The upgrade will enable add to the sales efficiency of enterprises along with customer representative training by tech like AI Chatbots. In addition, the upgraded product also supports training in English for international clients.
