Razer, Inc. (OTCPK:RAZFF) (OTCPK:RZZRY) stock has declined significantly amid news that insiders sold part of their stakes. An unexpected announcement by Razer that the co-founders sold 275M shares in the company. Although the two co-founders still control 56.82% of the shares, the market reacted with skepticism.
Why is Razer’s share price dropping?
Relatively low institutional investor participation and prolonged low trading liquidity has had a negative impact on the share price, Razer said in its regulatory filing. Founded in 2005, Razer is headquartered in Irvine, California, but also has regional headquarters in Shanghai, Singapore and Hamburg, Germany.
Why did Razer shares tumble Thursday?
Razer shares tumbled around 7.87% Thursday after a consortium that includes co-founder Tan Min-Liang made an offer to take the Hong Kong-listed gaming hardware company private.
What is the price of Razer stock in Hong Kong?
Razer, which makes laptops, PC peripherals and other products for gamers, went public in 2017 with an initial public offering price of 3.88 Hong Kong dollars a share. For a brief period, the stock traded above 4 Hong Kong dollars but failed to hold onto that level.
Why are tech stocks falling so hard?
But why are tech stocks falling so hard? Is it rising bond yields, expectations for strong growth, hot inflation, or all of the above? We'll try to explain. First, it's important to understand why tech rocketed to begin with. When coronavirus hit in 2020, central banks slashed interest rates and pumped trillions of dollars into economies.
Why is Razer stock down?
Razer shares fall nearly 8% after group including co-founder offers to take company private. A consortium that includes co-founder Tan Min-Liang as well as private equity firm CVC Capital Partners has made an offer to take Hong Kong-listed gaming hardware company Razer private.
Is Razer stock a good buy?
If you are looking for stocks with good return, Razer Inc can be a profitable investment option. Razer Inc quote is equal to 0.270 USD at 2022-05-29. Based on our forecasts, a long-term increase is expected, the "RAZFF" stock price prognosis for 2027-05-21 is 0.451 USD.
What happen to Razer stock?
S'pore gaming firm Razer to delist in May 2022 – 95% of shareholders agree to take it private. Shareholders have overwhelmingly voted to take Singapore's gaming tech giant Razer private. In a meeting with shareholders on Tuesday (Apr 26), almost all voted to privatise Razer.
Is Razer going private?
Games hardware specialist Razer has announced that it is going private in the future. The move was revealed by the company's CEO and founder Min-Liang Tan on LinkedIn – spotted by Vulcan Post – with the exec saying that this had the support of 94.74 per cent of shareholders.
Is Razer a penny stock?
Razer Inc is a potential penny stock. Although Razer may be in fact a good instrument to invest, many penny otc stocks are speculative in nature and are subject to artificial price hype.
Why is Razer stock so low Reddit?
Your stock is down nearly 40% since launch, based on several factors: poor quality control, little/no growth from key lines (peripherals, systems, etc), lack of company focus, and no change on the horizon.
Is Razer delisted?
Last week, a majority of shareholders for gaming tech firm Razer voted to take the company private. As reported by Vulcan Post, the privatization deal is estimated to be completed by the end of the month and the outfit will be delisted on the Hong Kong Stock Exchange (HKSE).
Why was Razer suspended?
The privatisation deal is expected to be completed in May. Razer will then be delisted from the Hong Kong Stock Exchange.
Does Razer gaming have a stock?
Range: 2022-05-27 09:26:07 to 2022-05-27 16:01:52. The chart has 1 Y axis displaying values. Range: 0.24 to 0.28....Razer Inc.Volume72.09KShares Outstanding8.83BEPS (TTM)$0.0052P/E Ratio (TTM)51.92Dividend YieldN/A7 more rows
What happens when stock goes private?
What Happens to Shareholders When a Company Goes Private? Shareholders agree to accept the offer to be bought out by investors. They give up ownership in the company in exchange for a premium price for each share that they own. They can no longer buy shares in the company through a broker.
Is Razer public?
Razer is listed on the Hong Kong Stock Exchange (Stock Code: 1337).
How do I buy Razer shares?
How to buy shares in RazerCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.
What is Razer's slogan?
Since its inception Razer has tried to create a distinct and highly revered brand among gamers. Its slogan “For Gamers, by Gamers'' , truly represents the company. When looking at its market share, and customer retention the data suggests that they continue to create value for the Razer brand.
What is Razer's core segment?
Esports is a very efficient way to acquire customers. Razer’s core segment is hardware , representing ~89% of revenues in 2020.
How does one click make a difference in esports?
In highly competitive esports, one click can make a difference. As esports gets more and more competitive , athletes will constantly look for ways to improve their performance. Having the right peripherals can make a difference, and it is one of the reasons the long-term prospects for the industry are so positive. Esports audience is projected to grow to 577.3M viewers in 2024. Due to the large audience, Esports is a very efficient channel to acquire customers.
What is value of stocks?
Value of Stocks is an independent provider of stock analysis, focused on deep value stocks, net-nets and special situations. Understanding the business well enough to value it, will allow you to buy stocks under their true value. We look for stocks globally that we can thoroughly analyze and value.
Is Razer a high growth stock?
Razer is a high-growth stock, and it should be valued as such. With a market cap of ~$2.44B there is plenty of room to grow. It has $621.8M in cash and cash equivalents, making up ~25.4% of its market cap. Management intends to continue its buyback program, but it does not specify the amount.
Is Razer still profitable?
Razer finally became profitable last year, and its core segment is still growing revenues at ~48% a year. There is a great long-term outlook for the gaming and peripherals market, and the investment thesis remains unchanged. Razer has a strong balance sheet, with no debt and $621.8M of cash at hand, and a very compelling valuation ...
Razer Ghosts Reddit Gamers
A contest held by the video game hardware company Razer Inc. has drawn the ire of Reddit gamers for lack of follow through.
GameStop earnings miss estimates, revenue beats expectations
GameStop (GME) is exploring opportunities in blockchain, non-fungible tokens (NFTs), and Web 3.0 gaming.
