Nisun International Enterprise Development Group (NASDAQ:NISN) Releases 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 4.3 %

NISN stock traded up $0.25 during trading on Friday, hitting $6.04. The stock had a trading volume of 100,017 shares, compared to its average volume of 61,824. The company’s 50 day moving average price is $6.56 and its two-hundred day moving average price is $9.70. Nisun International Enterprise Development Group has a 1-year low of $3.14 and a 1-year high of $22.55.

Nisun International Enterprise Development Group declared that its board has approved a share buyback plan on Wednesday, October 9th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to reacquire up to 28.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

About Nisun International Enterprise Development Group

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.