Nisun International Announces An Initial Share Repurchases of Approximately $550,000 Under It's $15 Million Buyback Program
Nisun International (Nasdaq: NISN) has initiated its $15 million share buyback program by repurchasing 39,112 shares at an average price of $14.1263 per share, totaling $552,508. The repurchases were executed on October 17, 2024. The company views this buyback as strategic, given that the stock trades at a significant discount to cash value with a P/E ratio below 3. The initiative aims to enhance shareholder value and is expected to positively impact earnings per share (EPS) by reducing outstanding shares.
Nisun International (Nasdaq: NISN) ha avviato il suo programma di riacquisto di azioni da 15 milioni di dollari, riacquistando 39.112 azioni a un prezzo medio di 14,1263 dollari per azione, per un totale di 552.508 dollari. I riacquisti sono stati eseguiti il 17 ottobre 2024. L'azienda considera questo riacquisto come strategico, dato che le azioni vengono scambiate a un significativo sconto rispetto al valore contabile, con un rapporto P/E inferiore a 3. L'iniziativa mira a migliorare il valore per gli azionisti e si prevede che avrà un impatto positivo sugli utili per azione (EPS) riducendo le azioni in circolazione.
Nisun International (Nasdaq: NISN) ha iniciado su programa de recompra de acciones de 15 millones de dólares, recomprando 39,112 acciones a un precio promedio de 14.1263 dólares por acción, totalizando 552,508 dólares. Las recompras se ejecutaron el 17 de octubre de 2024. La empresa considera esta recompra como estratégica, dado que la acción se cotiza a un descuento significativo con respecto al valor en efectivo, con un ratio P/E inferior a 3. La iniciativa tiene como objetivo aumentar el valor para los accionistas y se espera que impacte positivamente en las ganancias por acción (EPS) al reducir las acciones en circulación.
Nisun International (Nasdaq: NISN)는 1,500만 달러 규모의 자사주 매입 프로그램을 시작하며, 평균 14.1263 달러의 가격으로 39,112주를 재매입하여 총 552,508 달러를 지출하였습니다. 재매입은 2024년 10월 17일에 이루어졌습니다. 이 회사는 주식이 현금 가치에 비해 상당한 할인으로 거래되고 있으며 P/E 비율이 3 미만인 점을 감안하여 이 자사주 매입을 전략적으로 보고 있습니다. 이 이니셔티브는 주주 가치를 증대시키고, 유통 주식을 줄임으로써 주당순이익(EPS)에 긍정적인 영향을 미칠 것으로 기대됩니다.
Nisun International (Nasdaq: NISN) a lancé son programme de rachat d'actions de 15 millions de dollars en rachetant 39.112 actions à un prix moyen de 14,1263 dollars par action, pour un total de 552.508 dollars. Les rachats ont été réalisés le 17 octobre 2024. L'entreprise considère ce rachat comme stratégique, étant donné que l'action se négocie à un tarif significativement inférieur à sa valeur comptable, avec un ratio C/B inférieur à 3. L'initiative vise à accroître la valeur pour les actionnaires et devrait avoir un impact positif sur le bénéfice par action (EPS) en réduisant le nombre d'actions en circulation.
Nisun International (Nasdaq: NISN) hat sein 15-Millionen-Dollar-Aktienrückkaufprogramm gestartet, indem es 39.112 Aktien zu einem Durchschnittspreis von 14,1263 Dollar pro Aktie zurückgekauft hat, was insgesamt 552.508 Dollar entspricht. Die Rückkäufe wurden am 17. Oktober 2024 durchgeführt. Das Unternehmen sieht diesen Rückkauf als strategisch an, da die Aktie zu einem erheblichen Abschlag zum Buchwert gehandelt wird und das Kurs-Gewinn-Verhältnis unter 3 liegt. Die Initiative zielt darauf ab, den Aktionärswert zu steigern und wird voraussichtlich positive Auswirkungen auf das Ergebnis je Aktie (EPS) haben, indem die ausgegebenen Aktien reduziert werden.
- Initial share repurchase of $552,508 completed under $15M buyback program
- Stock trading at significant discount to cash value
- Low P/E ratio below 3 indicates potential undervaluation
- Expected EPS accretion through share count reduction
- None.
Insights
The initial
The buyback's impact on the company's float and EPS will be meaningful given NISN's small market cap of about
The repurchases of the Company's shares were made on October 17, 2024.
The Company believes that this buyback is an excellent use of its cash, as the stock is currently trading at a significant discount to cash value and at a price-to-earnings (P/E) ratio of less than 3. The repurchases are expected to be accretive to earnings per share (EPS), benefiting existing shareholders as the Company's outstanding shares are reduced. Nisun International plans to continue acquiring shares under the buyback program as part of its ongoing commitment to enhancing shareholder value.
"We are confident in Nisun International's long-term growth potential and believe that repurchasing shares at current prices represents a compelling opportunity for the Company and its shareholders," said Mr. Xin Liu, CEO of Nisun International. "With the stock trading at such a steep discount, we see this as an effective way to deploy capital, generate strong returns for investors, and increase EPS through the buybacks."
About Nisun International Enterprise Development Group Co., Ltd.
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 industry experience, Nisun International is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun International provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun International continues to deepen the field of industry segmentation through industrial and financial integration. Focusing on industry-finance linkages, Nisun International aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com/
Cautionary Note Regarding Forward-Looking Statements
This press release contains information about Nisun International 's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun International encourages you to review other factors that may affect its future results in Nisun International 's registration statement and in its other filings with the Securities and Exchange Commission. Nisun International assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.
View original content:https://www.prnewswire.com/news-releases/nisun-international-announces-an-initial-share-repurchases-of-approximately-550-000-under-its-15-million-buyback-program-302287107.html
SOURCE Nisun International Enterprise Development Group Co., Ltd
FAQ
How many shares did Nisun International (NISN) repurchase in October 2024?
What is the total value of Nisun International's (NISN) share buyback program?
What is the current P/E ratio of Nisun International (NISN)?
How much did Nisun International (NISN) spend on its initial share repurchase?
