Nisun International Enterprise Development Group (NASDAQ:NISN) Updates FY 2024 Earnings Guidance

Nisun International Enterprise Development Group (NASDAQ:NISN) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.600-3.600 for the period. The company issued revenue guidance of $300.0 million-$350.0 million.

Nisun International Enterprise Development Group Trading Up 3.7 %

Nisun International Enterprise Development Group stock traded up $0.22 on Friday, hitting $6.01. The company’s stock had a trading volume of 102,798 shares, compared to its average volume of 62,722. The company has a fifty day moving average price of $6.56 and a 200-day moving average price of $9.70. Nisun International Enterprise Development Group has a one year low of $3.14 and a one year high of $22.55.

Nisun International Enterprise Development Group declared that its Board of Directors has approved a share repurchase program on Wednesday, October 9th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to buy up to 28.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Nisun International Enterprise Development Group Company Profile

Nisun International Enterprise Development Group Co, Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions.