How did Lizhi Inc (Lizi) raise $30 million?
Chinese online UGC audio community and interactive audio entertainment platform Lizhi Inc (NASDAQ: LIZI) sold 3.7 million shares in a secondary private institutional offering at $8.14 per share to raise $30 million. The offer price is at par with Lizhi’s Thursday closing price of $8.14.
Should you take profits in Lizhi stock?
When a stock's price rises rapidly in a manner that can't be explained by its fundamental business performance, investors should be careful. Taking some profits in Lizhi might be a prudent move. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.
What's happening with Lizhi's investors?
"Lizhi looks forward to collaborating with more enterprises and brands in the future to help them reach new audiences, increase brand awareness, and engage their users with curated podcast content." Lizhi's investors have enjoyed incredible gains in recent days. Image source: Getty Images.
Is Lizhi efficiently growing its dividend?
Lizhi does not have a long track record of dividend growth. In the past three months, Lizhi insiders have not sold or bought any company stock. Only 7.29% of the stock of Lizhi is held by institutions.
Will Lizi stock go up?
Stock Price Forecast The 1 analysts offering 12-month price forecasts for Lizhi Inc have a median target of 9.00, with a high estimate of 9.00 and a low estimate of 9.00. The median estimate represents a +682.61% increase from the last price of 1.15.
Is Lizi good buy?
Is LIZHI Stock a good buy in 2022, according to Wall Street analysts? The consensus among 1 Wall Street analyst covering (NASDAQ: LIZI) stock is to Strong Buy LIZI stock.
Is Vizsla a good stock to buy?
Vizsla Silver has received 100.00% “outperform” votes from our community.
Will MNDY go up?
The 10 analysts offering 12-month price forecasts for Monday.Com Ltd have a median target of 190.00, with a high estimate of 270.00 and a low estimate of 115.00. The median estimate represents a +100.00% increase from the last price of 95.00.
Is MNDY overvalued?
Analysts expect MNDY's EPS to remain negative in the current year. Currently, MNDY looks extremely overvalued. In terms of forward Price/Book, MNDY's 21.47x is 265.3% higher than the 5.88x industry average. In addition, its 57.94x forward EV/Sales is significantly higher than the 3.99x industry average.
Is MNDY a buy?
Out of 11 analysts, 5 (45.45%) are recommending MNDY as a Strong Buy, 4 (36.36%) are recommending MNDY as a Buy, 2 (18.18%) are recommending MNDY as a Hold, 0 (0%) are recommending MNDY as a Sell, and 0 (0%) are recommending MNDY as a Strong Sell.
Is Monday com a buy?
The company's Q4 revenue grew 91% year-over-year to $95.5 million, and full-year growth was also 91%, hitting $308 million. This puts Monday.com's three-year revenue growth rate at 99% per year from 2019 to 2021. It's not easy for a company to double its sales every year, but Monday.com is finding a way.
Is Lizhi a buy right now?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lizhi in the last twelve months. There are currently 2 buy ratings for the...
When is Lizhi's next earnings date?
Lizhi is scheduled to release its next quarterly earnings announcement on Thursday, May 26th 2022. View our earnings forecast for Lizhi .
How were Lizhi's earnings last quarter?
Lizhi Inc. (NASDAQ:LIZI) issued its quarterly earnings data on Thursday, March, 10th. The company reported $0.03 earnings per share for the quarter...
What price target have analysts set for LIZI?
2 analysts have issued 1 year target prices for Lizhi's stock. Their forecasts range from $8.00 to $9.00. On average, they expect Lizhi's stock pri...
Who are Lizhi's key executives?
Lizhi's management team includes the following people: Mr. Jinnan Lai , Founder, Chairman & CEO (Age 47) Mr. Ning Ding , Co-founder, CTO & Dire...
Who are some of Lizhi's key competitors?
Some companies that are related to Lizhi include Alithya Group (ALYA) , East Stone Acquisition (ESSC) , GAN (GAN) , Aurora Mobile (JG) , Golde...
What other stocks do shareholders of Lizhi own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Lizhi investors own include Ampio Pharmaceuticals (AMPE) ,...
When did Lizhi IPO?
(LIZI) raised $49 million in an initial public offering on Friday, January 17th 2020. The company issued 4,100,000 shares at $11.00-$13.00 per shar...
What is Lizhi's stock symbol?
Lizhi trades on the NASDAQ under the ticker symbol "LIZI."
The Chinese podcast platform has global ambitions
What happened
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
So what
Shares of Lizhi ( NASDAQ:LIZI) soared 70% on Thursday, furthering the torrid rally in the Chinese audio entertainment company's stock price in recent days.
Now what
On Thursday morning, Lizhi said it struck a deal to create a branded podcast channel for Pop Mart, a leading toy designer and retailer in China. It will mark the first such channel on the company's new Lizhi Podcast mobile app.
What happened
Incredibly, Lizhi's share price has soared more than 400% in the past week. However, there hasn't been much news outside of the Pop Mart deal to support such a large upward move. When a stock's price rises rapidly in a manner that can't be explained by its fundamental business performance, investors should be careful.
So what
Shares of Lizhi ( NASDAQ:LIZI) dipped 33.4% in April, according to data from S&P Global Market Intelligence. The China-based audio platform company's stock soared 144.2% in February and then climbed 13.5% in March, but investors cooled on it last month after management moved forward with its plans to raise funds through new stock offerings.
Now what
Lizhi stock skyrocketed early in February after the company published a shareholder letter that laid out an appealing growth outlook, and it looks like management is taking advantage of the big share price gains in order to help fund those growth initiatives.
What happened
Lizhi stock has continued to lose ground early in May's trading. Its share price is down roughly 16% in the month so far. Despite the recent pullbacks, though, the stock is still up roughly 33% year to date.
So what
Lizhi ( LIZI 1.37% ) was the second-best performing stock on the market Wednesday morning, with shares rising nearly 70% after the Chinese podcasting outfit released a shareholder letter.
NASDAQ: LIZI
Lizhi is the leading podcast platform of its type in China, having differentiated itself from the competition by focusing on user-generated content produced with in-app recording tools.
Now what
However, it has the largest community of user-generated audio content in China, with a base of 56.2 million average monthly active users on mobile and over 448,000 average monthly paying users.
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In the note, Lizhi founder and CEO Jinnan (Marco) Lai laid out some goals for the company in the coming year, and remarked on the momentous changes it's undergone over the past 12 months, including its IPO. Yet there was no real meat on the bone that should cause the stock to soar as it has today.
