Nocera, Inc., an agricultural company specializing in livestock and animal specialties, is facing potential delisting from The Nasdaq Capital Market. The company, headquartered in New Taipei City, Taiwan, with business offices in Atlanta, GA, received a notice from Nasdaq on Monday, September 17, 2024, indicating that its common stock had not met the minimum bid price requirement of $1.00 per share over the last 30 consecutive business days.
The notice does not immediately affect the trading of Nocera's common stock, which continues under the ticker symbol NCRA. Nasdaq has provided the company with a 180-day period, ending on March 17, 2025, to regain compliance with the Bid Price Rule. To do so, the company's stock must close at or above $1.00 per share for a minimum of ten consecutive business days.
Should Nocera fail to meet this requirement by the Compliance Date, it may be granted an additional 180 days to meet the Bid Price Rule, contingent upon meeting all other initial listing standards for The Nasdaq Capital Market, except for the Bid Price Rule. This extension would likely involve implementing measures such as a reverse stock split.
Nocera has expressed its intention to monitor its share price closely and explore options to regain compliance. However, there is no guarantee that the company will achieve compliance within the allotted timeframe or maintain its listing on Nasdaq.
InvestingPro Insights
As Nocera, Inc. grapples with the possibility of delisting from The Nasdaq Capital Market, a closer examination of the company's financial health and stock performance may offer investors additional context. According to InvestingPro data, Nocera holds a market capitalization of $12.82 million USD, which reflects its valuation in the market. However, investors should note the company's negative P/E ratio of -2.92, suggesting that it is not currently profitable. This is further underscored by a negative adjusted P/E ratio of -7.37 over the last twelve months as of Q2 2024.
Despite a notable revenue growth of 33.73% during the same period, Nocera's struggles are apparent in its gross profit margin, which stands at a mere 0.83%. This indicates that the company is generating very little profit from its revenues. Additionally, the price volatility of Nocera's stock is high, which could be a concern for risk-averse investors. On a positive note, analysts anticipate sales growth in the current year, which could be a silver lining for the company's future performance.
For those considering Nocera as an investment opportunity, there are currently 7 additional InvestingPro Tips available at InvestingPro that can provide deeper insights into the company's financial state and stock behavior. These tips, along with the real-time data presented, may help investors make a more informed decision regarding Nocera's potential for regaining compliance with Nasdaq's requirements and its overall investment viability.
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