The trend for the 17 Education & Technology Group Inc. (YQ) stock was very surprising for today. The stock price was $3.30 after the last trading session closed. The value of stock on the last trading session was $0.81. This is a 307.67% increase in the value. But in the Pre-market session the stock valued at $2.86 which is 13.24% less than $3.30. The total volume of stock traded in the market was around 2.04 million. Let’s dig deep into some major developments and trends.
17 Education & Technology Group Inc. (YQ) announced a share repurchase program which values at $10 million:
17 Education & Technology Group Inc. (YQ) plans to implement ADS ratio change and want to introduce a share repurchase program worth $10 million. The company is a leader in education and training industry. They work on an integrated “in-school plus after school” model. The company says the repurchase of the shares will occur from time to time in the open market.
Due to the change in the ratio of ADS, the trading price of ADS is expected to increase proportionally. However, there is no assurance the company can give about the trading price of ADS after they change the ADS ratio, will be greater than or equal to than before trading price change for four times.
Upcoming date to remember for Investors:
17 Education & Technology Group Inc. (YQ) are planning to announce their financial statements for their third quarter on 22 December, 2021. There are no other financial or operational developments for the company to announce before this date. Their financial analysts would try to come up with an effective plan for the repurchase of the stock.
Conclusion:
The growth rate in the revenues for 17 Education & Technology Group Inc. (YQ) for the past 4 quarters is in constant upward trend. The average growth rate for the past 4 quarter was almost 150%. So the expected revenues in the upcoming financial results should increase by at least 150%.
The last quarter revenue was $670.89 Million. So according to the above mentioned number, the upcoming financial statement is expected to announce 150% more than $670.89 Million.
