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

Fitness Champs’ (NASDAQ:FCHL) lock-up period is set to end on Tuesday, March 3rd. Fitness Champs had issued 3,750,000 shares in its initial public offering on September 4th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Fitness Champs in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Fitness Champs Stock Up 3.5%

Fitness Champs stock opened at $0.22 on Tuesday. The company’s 50 day moving average is $0.25. Fitness Champs has a twelve month low of $0.20 and a twelve month high of $7.64.

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

Institutional Investors Weigh In On Fitness Champs

An institutional investor recently bought a new position in Fitness Champs stock. Scientech Research LLC acquired a new stake in Fitness Champs Holdings Ltd (NASDAQ:FCHL) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 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.