There is a lot to take in here. First off, let's rewind back to June of 2020.
After dropping to a low of $10.95 on 6/4/20, NISN proceeded to go on an $8.00+ climb to a high of $19.00 on 8/4/20.
During that 2 month span, NISN proved a 73% mover.
Now let's creep forward a little bit...
On 9/4/20, NISN dropped to a low of $10.41. Eventually climbing to a high of $18.57 on 10/6/20, this Nasdaq profile wasn't done yet.
By the time 1/7/21 came around, NISN had risen $14.00+ to a high of $24.94.
From That September 2020 low to that January 2021 high, NISN had blazed its way to a 139% surge.
Here we are in the middle of 2021 and we've potentially seen the beginning of a bounce from possible support once again.
On 5/14/21, NISN bottomed out at a low of $10.62 and has since climbed roughly $1.50 towards recent $12.00+ highs in June.
Could this be the beginning of NISN's next potential vertical chart move?
If so, you must take into account that this profile was trading at nearly 100% higher levels ($24.00+) in January of this year.
Now, I'm not saying that NISN is going to go running to those levels today, but as the chart exhibits above, this profile has demonstrated the potential to climb up the charts, and climb big.
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Your #3 NISN Potential Breakout Catalyst - Huge 2020 Financial Results
Nisun International Enterprise Development Group Co., Ltd Reports Fiscal Year 2020 Fin-an-cial Results
SHANGHAI, May 3, 2021 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through the integration of technology, industry, and fin-an-ce, today announced its audited fin-an-cial results for the year ended December 31, 2020.
Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International, commented, "As we reflect on 2020, our business evolved both literally and figuratively. The onset of the CV-19 pandemic presented challenges to our business and pushed us to adapt and refine our business model to focus on SME fin-an-cing and supply chain solutions. Amid the mergers and acquisitions and dispositions, we are excited to see our strong fin-an-cial performance in the second half of 2020, as our business generated $42.2Mn in revenue in the 2020 fiscal year. Furthermore, we launched a new supply chain solutions fin-an-cing business, which is likely to further drive overall business growth. Looking ahead to 2021, Nisun remains committed to providing high-quality supply chain products and services to our clients."
Fin-an-cial Results for the Full Year ended December 31, 2020
Revenues
Total revenue from continuing operations increased to approximately $42.2Mn for the year ended December 31, 2020 from $2.5Mn for the year ended December 31, 2019.
- Revenues generated from the Small- and Medium-Enterprise (SME) fin-an-cing solutions business were $40.8Mn in 2020, compared to $2.5Mn in the prior year. This was primarily due to increasing demands from SMEs in China seeking standardized fin-an-cing solutions as an alternative to bank fin-an-cing.
- The Company commenced its supply chain solution business in January 2020. With a focus on linkages in the fin-an-ce industry, the Company aims to serve the upstream and downstream of the supply-chain industry while facilitating supply-side sub-sector reform. For fiscal 2020, revenue generated from supply chain solutions was $1.4Mn. The Company achieved total supply chain transaction volume of approximately $50.6Mn (RMB349.6Mn) during fiscal 2020. The Company expects this growth trend will continue in 2021.
- The Company commenced its other fin-an-cing services business in July 2019. Revenues generated from other fin-an-cing solution services were $0.04Mn in 2020, compared to $3,381 in prior year.
Read the full article here.
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Your #4 NISN Potential Breakout Catalyst - Announcement Of A Strategic Collaboration
Nisun International Announces Strategic Collaboration Agreement with SHPGX
SHANGHAI and WENZHOU, China, Dec. 21, 2020 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and fin-an-ce, today announced that Fintech (Shanghai) Digital Technology Co., Ltd, a contractually-controlled affiliate of the Company, has entered into a strategic collaboration agreement with Shanghai Petroleum and Natural Gas Exchange ("SHPGX"), a national trading platform for energy products. The two groups agreed to join forces to expand technology supported services to members of SHPGX's trading platform through the provision of supply chain management and fin-an-cial services, targeting upstream and downstream enterprises in the energy industry.
"This collaboration marks another milestone for Nisun this year. The partnership gives the Company opportunities to expand our presence in the energy field and build our target energy enterprise customer base," said Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International. "In addition, this agreement acknowledges that our products, services, and expertise were endorsed by a national-level organization. Nisun will leverage its resources, expertise, and advantages in supply chain management and fin-an-cial services to provide energy enterprises trading on SHPGX's platform with flexible, efficient, and quality fin-an-cial services. Moreover, based on this cooperation, Nisun International has established a new 'supply chain +' business model, which will be applied in our services to clients in other industries."
First launched in 2015, SHPGX is a comprehensive service system for petroleum and gas trading, clearing, and settlement, that seeks to evolve into a petroleum and gas trading and pricing center for the Asia-Pacific region. SHPGX is a national-level energy trading platform approved by the Shanghai municipal government and operates under the direct guidance of the National Development and Reform Commission and the National Energy Administration. In 2019, the bilateral natural gas transaction volume of SHPGX exceeded 80 billion cubic meters, thereby solidifying its position as the largest natural gas spot trading platform in the Asia-Pacific region.
By continuously introducing cutting-edge technologies such as big data, AI, IoT, and blockchain to the supply chain field, Nisun has established an open digital ecosystem, creating linkages among supply chains, enterprises, banks, securities firms, trusts, investment funds, insurance companies, and other fin-an-cial institutions. As part of the partnership, Nisun will leverage its expertise in fin-an-cial technology and supply chain management, and provide SHPGX clients customized fin-an-cial services through the platform.
Read the full article here.
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Your #5 NISN Potential Breakout Catalyst - Forming A New Subsidiary
Nisun International Announces Expansion and Formation of New Subsidiary
SHANGHAI and WENZHOU, China, Dec. 15, 2020 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and fin-an-ce, today announced that it reached a preliminary agreement with the government of Tai'an, Shandong province, to form a new subsidiary, Nisun (Shandong) Industry Development Co., Ltd. As part of its strategic plan for the year 2021, Nisun (Shandong) Industry Development Co., Ltd. will act as a key operations platform and holding platform for all of Nisun's existing Chinese subsidiaries. The new subsidiary is expected to be operational in the Spring 2021.
Centered on Mount Tai, Tai'an is a city that encompasses several competitively advantageous industries, including modern and efficient agriculture, high-end chemicals, textile, modern logistics, and tourism. As a strategic partner of the city of Tai'an, Nisun's new subsidiary will receive credit facilities from local banks, business support, and other benefits from the local government. In turn, Tai'an will receive tax benefits and new opportunities for employment as a result of the agreement.
"We are excited to expand our footprint and continue serving our clients with enhanced capabilities and greater geographic reach. This new subsidiary exemplifies Nisun's commitment to supporting the increasing demands of our customers in China and expanding our customer base with industry-leading supply chain products and services," said Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International. "As we continue to introduce cutting-edge technologies, such as big data, AI, IoT, and blockchain to the supply chain field, we remain committed to providing high-quality supply chain products and services to enterprises in Tai'an as well as to our broader group of customers."
Read the full article here.
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NISN Recap: Nasdaq Profile Potential Breakout Catalysts
#1. Low Float
#2. Major Vertical Surge Chart History
#3. Huge 2020 Financial Results
#4. Announcement Of A Strategic Collaboration
#5. Forming A New Subsidiary
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Coverage is officially initiated on NISN. When you have a chance, do this:
