Streetbeat News

IZM

ICZOOM Group Inc.

Industry

Technology Distributors

ICZOOM Group Inc., together with its subsidiaries, sells electronic component products to customers in the People's Republic of China. The company provides semiconductor products, including various integrated circuit, discretes, passive components, and optoelectronics; and equipment, tools, and other electronic component products comprising various electromechanical, maintenance, repair and operations, and various design tools. Its products are used by small and medium-sized enterprises in the consumer electronic industry, Internet of Things, automotive electronics, and industry control segment. The company sells its products through its online platform. It also offers temporary warehousing, logistic and shipping, and customs clearance. The company was formerly known as Horizon Business Intelligence Co., Limited and changed its name to ICZOOM Group Inc. in May 2018. The company was founded in 2012 and is headquartered in Shenzhen, the People's Republic of China.

Open

2.25

Mkt cap

24M

Volume

12K

High

2.25

P/E Ratio

-10.05

52-wk high

52.21

Low

2.19

Div yield

N/A

52-wk low

1.86

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Portfolio Pulse from Priya Nigam

April 18, 2024 | 10:28 am

In Wednesday's after-market session, several information technology stocks experienced notable movements. ICZOOM Group (IZM) led the gainers with a 6.8% increase, while Nano Labs (NA) headed the losers with a 7.1% decline. Other notable movers included VIA optronics (VIAO), X3 Holdings (XTKG), and Rackspace Tech (RXT) among the gainers, and Semilux International (SELX), Spectaire Holdings (SPEC), and Banzai International (BNZI) among the losers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:31 pm

Travelers Companies, Inc. (TRV) shares fell by 8.1% after reporting mixed Q1 earnings, missing the consensus forecast. Other stocks showed significant movement, with INVO Bioscience, Inc. (INVO) and Edible Garden AG (EDBL) among the top gainers, while ICZOOM Group Inc. (IZM) and Sunshine Biopharma, Inc. (SBFM) led the losers. The market saw a wide range of stock performance, influenced by earnings reports, strategic agreements, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:36 pm

ICZOOM shares are trading lower following the announcement of the cancellation of a proposed public offering. This move could indicate potential financial or strategic shifts within the company, affecting investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:09 pm

In Wednesday's intraday session, several information technology stocks experienced significant movements. Spectaire Holdings led the gainers with a 77.5% increase, while ICZOOM Group faced the largest decline, dropping 86.4%. Other notable movers included VIA optronics and HeartCore Enterprises on the gainers' side, and Intrusion and ARM Holdings among the losers. Market capitalizations varied widely, with ARM Holdings at the high end with $113.1 billion and SMX (Security Matters) at the lower end with $5.6 million.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:31 pm

ICZOOM Group's shares resumed trading and were then halted again due to a circuit breaker, this time due to upward movement. The stock is currently down 86.4%.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:00 pm

ICZOOM Group Inc. (NASDAQ:IZM) has cancelled its proposed public offering due to unfavorable market pricing conditions. The company believes that proceeding with the offering under current market conditions would not be in the best interests of ICZOOM or its shareholders. The decision was made following a voluntary withdrawal of a registration statement filed with the U.S. Securities and Exchange Commission.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:56 pm

U.S. stocks saw gains with the Dow Jones rising by 200 points, driven by positive earnings reports from Abbott Laboratories (NYSE:ABT), which exceeded expectations. Abbott Laboratories reported first-quarter sales of $9.96 billion, a 10.8% increase on an organic basis, and adjusted EPS of 98 cents, surpassing analyst estimates. Other notable movements included significant surges in shares of INVO, EDBL, and VIAO, while IZM, SBFM, and TPET experienced sharp declines.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 2:07 pm

ICZOOM shares were halted due to a circuit breaker trigger after the stock plummeted by 91%. This significant drop indicates a massive sell-off or negative market sentiment towards the company.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:00 pm

INVO Bioscience shares surged 73% in pre-market trading after reporting a 397% increase in quarterly revenue. Other stocks also showed significant movement in pre-market trading, with notable gainers including Mobile Global Esports, Chromocell Therapeutics, and Clene Inc., and losers like Connexa Sports Technologies and Dynatronics Corporation.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 10:13 am

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