FX.co ★ Nisun Stock Gains Over Announcement Of Prelim. 2024 Guidance

Nisun International Enterprise Development Group Co., Ltd (NISN) announced on Friday its projected revenue for the fiscal year 2024, anticipated to range from $300 million to $350 million. The company also forecasts earnings between $11 million and $15 million, translating to $2.6 to $3.6 per share for the year. Looking forward, Nisun plans to streamline its operations by downsizing certain supply chain trading activities, with a renewed focus on supply chain financing solutions aimed at fostering growth in 2025. As of now, Nisun's stock is trading at $5.69, marking a 6.59 percent increase on the Nasdaq.