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 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 Stock Performance

NISN opened at $6.11 on Friday. The company’s 50-day simple moving average is $6.51 and its two-hundred day simple moving average is $9.73. Nisun International Enterprise Development Group has a 52-week low of $3.14 and a 52-week high of $22.55.

Nisun International Enterprise Development Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 9th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 28.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is 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.