Nisun International Enterprise Development Group (NASDAQ:NISN) Issues FY 2024 Earnings Guidance

Nisun International Enterprise Development Group (NASDAQ:NISN) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided 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 %

NASDAQ NISN traded up $0.25 during trading on Friday, reaching $6.04. 100,017 shares of the company’s stock traded hands, compared to its average volume of 61,824. The company’s 50 day simple moving average is $6.56 and its two-hundred day simple moving average is $9.70. Nisun International Enterprise Development Group has a 12-month low of $3.14 and a 12-month high of $22.55.

Nisun International Enterprise Development Group announced that its board has approved a share repurchase program on Wednesday, October 9th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 28.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are 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.