Shares of Velti Plc (NASDAQ:VELT) plunged to the hits 52-week low range in over 3 years on Wednesday, while the mobile marketing firm obtainable unsatisfactory revenue estimates for the Q1 and full year beside with Q4 results that were lower than analysts’ anticipates.
The firm declared a Q4 adjusted loss of 39 cents a share on revenue of $97.5M. Analysts surveyed by FactSet anticipated a profit of 58 cents a share on revenue of $106.9M.
Velti estimates revenue of $40M to $44M for its Q1 and $255M to $280M for the full year. Analysts anticipated $64.7M and $339.3M, respectively.
Misek as well declared that he sees going concern issues, since there are liquidity issues in part for the reason that Velti has dishonored its debt covenants.
Shares of Velti Plc (NASDAQ:VELT) opened at $2.10 with 65.00 million outstanding shares and touch its highest price of $2.47 of the day and then finished at $2.40 by scoring -22.83%, as in the whole session stocks gain volume of 14.82 million shares which is higher than its average volume.
As the owner ship concerns stock institutional ownership remained 56.95% while insider ownership included 5.33%. The share capital of VELT has 65.00 million outstanding shares amid them 55.46 million shares have been floated in market.
For investors focus on the performance of the stocks so the VELT showed weekly behind performance of -32.20% which was maintained for the month at -40.59%. Correspondingly the negative performance for the quarter was remained -37.50% and if took notice on yearly performance that was -75.56% whereas the year to date performance halted at -46.67%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the VELT return on investment was recorded as -7.39% as compare to its rivals has Total System Services, Inc. (NYSE:TSS)’s ROI 15.02%, Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s ROI 22.27%, Perion Network Ltd (NASDAQ:PERI)’s ROI 8.04%, Automatic Data Processing (NASDAQ:ADP)’s ROI 17.53%.
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