Although the Aixin Life International Inc(OTCMKTS:AIXN) stock was trading in a range yesterday, it should be noted that the company was in the news yesterday after it announced its financial results for the third fiscal quarter that ended on September 30, 2021.
Market Action
On Tuesday, AIXN stock ended flat at $5.50 at $5.50 with 1 share traded, compared to its average volume of 13 shares. The stock has moved within a range of $5.50 – 5.50 after opening trade at $5.50.
Earnings And Business Update
In this situation, it may be a good idea for investors to take a look at some of the highlights from the financial results in order to make up one’s mind about Aixin. In the three months that ended on September 30, 2021, the Chinese company managed to bring in revenues of $812,910 and that reflected a year on year rise of 12% from the $728,896 that it had generated in revenues in the prior year period.
On the other hand, in the nine month period ended on September 30, 2021 the revenues stood at $2363,836 and that represented a rise of 33% year on year from the revenues of $589,697 in the corresponding period in 2020.
The healthy rise in revenues was mainly a function of higher revenues from advertising as well as better performances that were delivered by the hotel and pharmacy units of Aixin. It remains to be seen if the stock breaks out any time soon or not.
Traders Note
AIXN stock is trading below the 10-Day and 20-Day Moving averages of $5.50 and $5.50. Moreover, the stock is trading is the overbought zone with RSI stands at 56.
 Stock Continues to Trade in a Range){kind=link}