Jowell Global Ltd. (JWEL) is one of the principal Chinese company engaged in selling nutritional supplements, health and cosmetics products. Some of the important products of the company include body and skincare products, washing items, electronics, apparel, fragrances, and children-related products.
The price of JWEL stock during the regular trading on January 3, 2022, was $8.79 with a phenomenal decline of 59.21%. At last check in the premarket on January 4, 2022, the stock further nose-dived by 3.82%.
JWEL: Events and Happenings
On December 28, 2021, JWEL reported its sturdy outcomes from Double 12 Shopping Festival 2021. The festival was spanned over 12 days. The company generated over $9.7 million as gross merchandise volume (74.7% more volume than the previous year) from the festival.
On December 20, 2021, JWEL reported about the establishment of a cross-border e-commerce partnership with Suzhou Dreamworker Info-Tech Company. Both the parties will establish a warehouse and supply chain management services in the U.S., thus making a strong and competitive international e-commerce presence.
JWEL: Key Financials
On December 13, 2021, JWEL reported its financial results for the third quarter ended September 30, 2021. Some of the important highlights are as follows
The revenue generated was $43.8 million for Q3 2021 as compared to $24.9 million in the same period of 2020. The revenue increased 76.1% over the year.
Net loss was $2.1 million for Q3 2021 as compared to net income of $1.1 million for the same period of 2020.
JWEL: CEO Comments
Speaking at the occasion, Mr. Zhiwei Xu, CEO of JWEL said that the company continued to deliver another solid quarter with vigorous topline development with regards to total revenue growth. He further added that in addition the company also entered into collaboration with Unilever which combined the rewards for both parties.
On December 08, 2021, JWEL reported sturdy outcomes from its Singles Day Shopping Festival 2021. The festival was spanned over 12 days. The company generated over $18.5 million was generated as gross merchandise volume (150% more volume from last year) during the festival.
On November 17, 2021, JWEL reported about strategic collaboration conference with Unilever’s Uni-Excubator on October 22, 2021. The top management from both companies was in attendance. The collaboration was initiated with the marketing of Unilever’s Hazeline Snow product line on JWEL’s social media platform to quicken its reach in the domestic market.
Although the JWEL’s stock is 40% up in comparison to the last six months, yet the company’s stock is falling in the regular trading as well as, most recently in the premarket. The current dipping stock price is due to the uncertain market conditions for the company. The analysts are suggesting that taking its past record into consideration, the company will bounce back once again and will be a source of attraction for the investors in the coming days.