Fitness Champs Holdings Ltd’s Lock-Up Period Set To End on March 3rd (NASDAQ:FCHL)

Fitness Champs’ (NASDAQ:FCHL) lock-up period will end on Tuesday, March 3rd. Fitness Champs had issued 3,750,000 shares in its IPO on September 4th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. After the end of Fitness Champs’ lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Fitness Champs in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Fitness Champs Stock Down 4.4%

NASDAQ:FCHL opened at $0.22 on Friday. Fitness Champs has a fifty-two week low of $0.20 and a fifty-two week high of $7.64. The business’s fifty day moving average is $0.24.

Fitness Champs (NASDAQ:FCHL) last released its earnings results on Monday, December 29th. The company reported $0.00 EPS for the quarter. The company had revenue of $0.85 million for the quarter.

Hedge Funds Weigh In On Fitness Champs

A hedge fund recently bought a new stake in Fitness Champs stock. Scientech Research LLC purchased a new stake in Fitness Champs Holdings Ltd (NASDAQ:FCHL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,312 shares of the company’s stock, valued at approximately $25,000.

Fitness Champs Company Profile

Our mission is to make swimming an affordable sport for all by offering comprehensive swimming lessons and teaching swimming skills and techniques to our students and to encourage the public mass to use swimming as a healthy and fun sport for all ages. We believe we are a leading sports education provider in Singapore based on the following: (i) in 2023, we were the largest service provider of the SwimSafer Program based on the number of assessment bookings, accounting for approximately 30% of market share; and (ii) we are one of the few swim education providers in Singapore that provides both services to students under training programs funded by the Singapore Government and provision of customized private swimming training services.