Undervalued Jiayin Group’s Stock Rises Almost 7-Fold Before Announcing Q1 2020 Unaudited Reports

A personal financing facilitator from Hong Kong a couple of days ago informed stakeholders about announcing the first quarter ended in March of 2020 unaudited financial results on June 11. Now NASDAQ: JFIN is one of the most active and gaining that started from 10:30 AM EDT. Meanwhile, trading volume reaches up to 23 million shares.

Since the 2017 annual fiscal year, Jiayin’s operating income has been at least 534,669,000 (CNY) and net income’s been huge for stockholders. As total liabilities exceed the total equity its actual capitalization is surely negative. Moreover, the market value is underpriced while unaudited Q1 2020 EPS is still not seen yet.

As COVID-19 lockdown is over, taking debts online has to be on the rise as businesses open in every country.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life