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 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

NASDAQ NISN opened at $6.11 on Friday. The stock’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 twelve month low of $3.14 and a twelve month high of $22.55.

Nisun International Enterprise Development Group announced that its board has initiated a stock repurchase plan on Wednesday, October 9th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to repurchase up to 28.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is 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.