Jowell Global ( (JWEL) ) has released a notification of late filing.
Jowell Global Ltd., a company based in Shanghai, China, has announced a delay in filing its annual report on Form 20-F (Yearly Report) for the fiscal year ending December 31, 2024. The primary reason for the delay is the need for additional time to complete the preparation of the company’s financial statements. Jowell Global anticipates filing the report within the fifteen-day grace period allowed following the original due date. The company has indicated that there will be no significant changes in its financial results from the previous year. The notification was signed by Haiting Li, the Chief Executive Officer, who assured that all other required reports have been filed and that the company is working diligently to comply with filing requirements.
Spark’s Take on JWEL Stock
According to Spark, TipRanks’ AI Analyst, JWEL is a Neutral.
Jowell Global’s overall stock score is impacted by its poor financial performance, with significant challenges in profitability and cash flow. While technical analysis shows some positive trends, the valuation remains unattractive due to negative earnings. The lack of clear guidance from recent earnings calls adds uncertainty to the stock’s outlook, necessitating strategic improvements to regain investor confidence.
To see Spark’s full report on JWEL stock, click here.
More about Jowell Global
YTD Price Performance: -38.75%
Average Trading Volume: 6,645
Technical Sentiment Signal: Buy
Current Market Cap: $3.84M
Find detailed analytics on JWEL stock on TipRanks’ Stock Analysis page.