Bluemount Holdings Limited's Quiet Period Will Expire on August 20th (NASDAQ:BMHL)

Key Points

• Bluemount Holdings Limited's quiet period is set to expire on August 20th, following its public offering of 1,375,000 shares for a total of $5.5 million.
• After the quiet period ends, it is expected that brokerages will begin to issue research coverage and earnings forecasts for the company.
• Bluemount's stock recently opened at $4.06, with a 52-week range of $3.40 to $4.49.

Bluemount's (NASDAQ:BMHL - Get Free Report) quiet period is set to end on Wednesday, August 20th. Bluemount had issued 1,375,000 shares in its public offering on July 11th. The total size of the offering was $5,500,000 based on an initial share price of $4.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Bluemount to a "hold" rating in a research report on Saturday, July 26th.

Bluemount Price Performance

Shares of NASDAQ BMHL traded down $0.11 during trading hours on Friday, hitting $4.09. 8,250 shares of the company's stock were exchanged, compared to its average volume of 100,372. Bluemount has a 1-year low of $3.40 and a 1-year high of $4.49.

About Bluemount

We, through our operating subsidiaries, are a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces. For the six months ended September 30, 2024, approximately 70.92% of our total revenue was derived from provision of consulting and advisory services, approximately 26.08% was derived from trading of commodities such as luxury timepieces and approximately 3.00% derived from financial services.