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Able View Global ( (ABLV) ) has provided an announcement.
Able View Global Inc., a company based in Shanghai, has reported its unaudited financial results for the first half of 2024, showing a drop in both revenue and gross profit compared to the previous year. Total revenue decreased from $81.7 million in 2023 to $62.8 million in 2024, while gross profit fell from $19.7 million to $4.8 million. This decline in financial performance is attributed to reduced product sales and increased short-term borrowings, indicating potential challenges in maintaining market competitiveness.
More about Able View Global
YTD Price Performance: -75.85%
Average Trading Volume: 17,083
Technical Sentiment Consensus Rating: Buy
Learn more about ABLV stock on TipRanks’ Stock Analysis page.