JE Cleantech Holdings Limited [JCSE] Revenue clocked in at $23.85 million, down -84.21% YTD: What’s Next?

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JE Cleantech Holdings Limited [NASDAQ: JCSE] loss -75.21% or -9.1 points to close at $3.00 with a heavy trading volume of 10927968 shares. The company report on April 27, 2022 that JE Cleantech Holdings Limited Announces Closing of Initial Public Offering.


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JE Cleantech Holdings Limited (Nasdaq: JCSE) (the “Company”), a Cayman Islands exempted company that is based in Singapore, today announced the closing of its firm commitment initial public offering of 3,020,000 ordinary shares (which includes 20,000 shares of the over-allotment) at a public offering price of $4.00 per share, for total gross proceeds of approximately $12.08 million before deducting underwriting discounts, commissions and other related expenses. Additionally, in connection with the initial public offering, a selling shareholder sold 750,000 ordinary shares at $4.00 per share, for total gross proceeds of $3.0 million before deducting underwriting discounts, commissions and other related expenses. The offering closed on April 26, 2022.

ViewTrade Securities Inc., a global provider of brokerage, investment banking, corporate, advisory and trading platform services, acted as the Lead Managing Underwriter and Sole Book-Running Manager for the offering.

If we look at the average trading volume of 351.55K shares, JCSE reached to a volume of 10927968 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Trading performance analysis for JCSE stock

JE Cleantech Holdings Limited [JCSE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -76.40.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JCSE stock in for the last two-week period is set at 26.88, with the RSI for the last a single of trading hit 19.90, and the three-weeks RSI is set at 31.57 for JE Cleantech Holdings Limited [JCSE]. The present Moving Average for the last 50 days of trading for this stock 12.48, while it was recorded at 10.14 for the last single week of trading.

JE Cleantech Holdings Limited [JCSE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and JE Cleantech Holdings Limited [JCSE] shares currently have an operating margin of +0.73 and a Gross Margin at +13.34. JE Cleantech Holdings Limited’s Net Margin is presently recorded at +0.01.

Return on Equity for this stock inclined to 0.04, with Return on Assets sitting at 0.01.

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