Last Updated: 09 Nov 2024
Executive Summary
MDJM Ltd (MDJH) is a Chinese real estate services company with a market capitalization of $295.22 million. The company's financial performance has been weak in recent quarters, with negative earnings and margins. The stock is currently trading at $0.19, below its 52-week high of $1.90.
Company Overview
MDJM Ltd is headquartered in Tianjin, China. The company provides a range of real estate services, including property management, brokerage, and consulting. MDJM Ltd has a strong presence in China's major cities, including Beijing, Shanghai, and Guangzhou.
Fundamental Analysis
MDJM Ltd's financial performance has been weak in recent quarters. The company reported a net loss of $16.81 million for the six months ended June 30, 2024. This compares to a net loss of $11.44 million for the same period in 2023. The company's revenue also declined by 7.5% to $114.85 million.
MDJM Ltd's weak financial performance is due to a number of factors, including the slowdown in China's real estate market. The company is also facing increased competition from larger rivals.
Technical Analysis
MDJM Ltd's stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 30, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for MDJM Ltd is negative. The company's financial performance is weak and the stock is trading below its key moving averages. The stock is also oversold, which could lead to further declines in the near term.
Long Term Outlook
The long-term outlook for MDJM Ltd is uncertain. The company's financial performance is weak and the real estate market in China is slowing down. However, the company has a strong presence in China's major cities and could benefit from a recovery in the real estate market.
Analyst Recommendations
Analysts are currently neutral on MDJM Ltd. The consensus price target for the stock is $0.50, which represents a potential upside of 163%. However, analysts are also concerned about the company's weak financial performance and the slowdown in China's real estate market.
