News Recap: LIZHI INC. (NASDAQ:LIZI)

LIZHI INC. (NASDAQ:LIZI) stock identified change of 0.81% away from 52-week low price and recently located move of -59.34% off 52-week high price. It has market worth of $405.79M. LIZI stock has been recorded -38.46% away from 50 day moving average and -38.46% away from 200 day moving average. Moving closer, we can see that shares have been trading -32.79% off 20-day moving average.

On March 12, 2020, LIZHI INC. (NASDAQ:LIZI) a leading online UGC audio community and interactive audio entertainment platform in China,  disclosed its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.

Fourth Quarter 2019 Financial and Operational Highlights

  • Net revenues increased by 52.2% to RMB365.3 million (US$52.5 million) in the fourth quarter of 2019, from RMB240.0 million in the fourth quarter of 2018.
  • Average total mobile MAUs1 in the fourth quarter of 2019 reached 51.9 million, representing an increase of 33.8% from 38.8 million in the fourth quarter of 2018.
  • Average total monthly paying users2 in the fourth quarter of 2019 reached 434.1 thousand, representing an increase of 71.0% from 253.9 thousand in the fourth quarter of 2018.
  • Fiscal Year 2019 Financial and Operational Highlights
  • Net revenues increased by 47.8% to RMB1,180.6 million (US$169.6 million) in the fiscal year 2019, from RMB798.6 million in the prior year.
  • Average total mobile MAUs in the fiscal year 2019 reached 45.7 million, representing an increase of 30.2% from 35.1 million in the prior year.
  • Average total monthly paying users in the fiscal year 2019 reached 351.7 thousand, representing an increase of 51.5% from 232.1 thousand in the prior year.

The Technology sector company, Lizhi Inc. noticed change of 0.81% to $6.2 along volume of 102914 shares in recent session compared to an average volume of 183.64K. The stock observed return of -33.33% in 5 days trading activity. The stock was at -43.17% over one month performance.

The average volatility for the week at 14.13% and for month was at 7.00%. There are 65.45M shares outstanding and 0.21M shares are floated in market.

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