On February 07, shares of Lion Group Holding Ltd. (LGHL) continued to rise after hours to reach $1.06. There is no official announcement, SEC filing, or upcoming event in the company’s timeline.
In the previous trading session, the stock remained bullish with a gain of 17.49%. LGHL closed the session at $0.9752 with 919.05K shares exchanging. The stock continued its bullish trend in the after-hours to add a further 8.70% at 281.67K shares.
Founded in 2020, the development stage company, Lion Group Holding Ltd. is based in Kowloon Bay, Hong Kong. Presently, its 29.33 million outstanding shares trade at a market capitalization of $32.51 million.
LGHL Stock Movement
LGHL stock had been in a downtrend since February 02, 2022. No official news, SEC filing, or upcoming event is responsible for the stock’s movement. After falling down for a few days, the stock went down to its 52-week low of $0.81 on February 03. The next day, the stock closed the session just above the 52-week low a $0.83. It seems like the low value of the stock presented a good buying opportunity to investors. Hence, LGHL stock rebounded to add 17.49% and 8.70% in the trading sessions on Monday.
Currently, LGHL stands at a year-to-date loss of 26.12% while it has added 4.04% in the last five days. Moreover, the stock subtracted a huge value of over 73.6% in the past year 2021.
Successful Blind Box Sales
On January 19, the company announced the successful sales of its blind boxes. It was just a week before the company launched its NFT platform, MetaWords a meta-language NFT. Along with the unique mechanics, MetaWords introduced the blind box on January 17 to the market. Since the launch, LGHL’s all 2,742 blind boxes which contained MetaWords characters and fragments of Xu Bing’s Book from the Ground, have sold.
With the floor price of 20BNB, each day one new MetaWords character was introduced since the launch of the NFT platform.
LGHL’s Financial Overview
On September 30, the company announced its unaudited financial results for the first half of 2021.
In the first half of 2021, LGHL’s total revenues were $3.6 million, marking a decline of 44% YOY from $6.4 million.
Furthermore, the company has a non-GAAP net loss of $6.7 million in the first half of 2021. Comparatively, the company had a non-GAAP net income of $2.4 million in the year-ago period.
