Financial Reports are Key to Consider:Jianpu Technology Inc. (NYSE: JT)

Jianpu Technology Inc. (NYSE: JT) stock price moved -0.48% away from 20-Days Simple Moving Average, -2.58% from 50-Days Simple Moving Average and separated 2.02% from 200 Days Simple Moving Average. Jianpu Technology Inc. (JT) reported gain 1.15% in recent buying and selling session with closing price of $ 7.01. The stock’s traded 0.13 million shares in session while it holds an average volume of 0.48 million shares. The JT switched 47.58% away from its 52 week minimum and distanced -26.13% from its 52 week peak. The volatility change in the previous week has observed by 5.34% and experienced of 5.44% change in the last month.

Jianpu Technology Inc. (NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, recently reported its unaudited financial results for the first quarter and fiscal year ended December 31, 2017.

Fourth Quarter 2017 Operational and Financial Highlights:

  • Number of loan applications on the Company’s platform was about 32.5 million in the first quarter of 2017, representing an raise of about 383% from the previous year period.
  • Credit card volume reached about 1.3 million in the first quarter of 2017, representing an raise of about 264% from the previous year period.
  • Total revenues for the first quarter of 2017 raised by 414% to RMB584.6 million (US$89.9 million) from RMB113.8 million for the previous year period.
  • Total recommendation services revenues for the first quarter of 2017 raised by 452% to RMB547.9 million (US$84.2 million) from RMB99.3 million for the previous year period.
  • Gross profit raised by 449% to RMB523.4 million (US$80.4 million) in the first quarter of 2017 from RMB95.3 million in the previous year period. Gross margin was 89.5% in the first quarter of 2017, compared with 83.7% in the previous year period.
  • Non-GAAP adjusted net loss1, which excluded share-based compensation expenses from net loss, reduced by 28.2% to RMB30.3 million (US$4.7 million) in the first quarter of 2017 from RMB42.2 million in the previous year period.
  • Non-GAAP adjusted EBITDA2, which excluded share-based compensation expenses, depreciation and amortization, and income tax expenses from net loss, for the first quarter of 2017 was a loss of RMB9.5 million(US$1.5 million), representing a decrease of 76.8% from a loss of RMB41.0 million for the previous year period.

Fiscal Year 2017 Operational and Financial Highlights

  • Number of loan applications on the Company’s   platform was about 89.8 million in the fiscal year 2017, representing an raise of about 434% from fiscal year 2016.
  • Credit card volume reached about 3.2 million in the fiscal year 2017, representing an raise of about 160% from fiscal year 2016.
  • Total revenues for the fiscal year 2017 raised by 306% to RMB1,445.8 million (US$222.2 million) from RMB356.4 million for the previous year.
  • Total recommendation services revenues for the fiscal year 2017 raised by 344% to RMB 1,348.4 million (US$207.2 million) from RMB303.8 million for the previous year.
  • Gross profit raised by 349% to RMB1,301.9 million (US$200.1 million) in the fiscal year 2017 from RMB289.7 million in the previous year. Gross margin was 90.0% in the fiscal year 2017, compared with 81.3% in the previous year.
  • Non-GAAP adjusted net loss, which excluded share-based compensation expense from net loss, reduced by 46.8% to RMB94.4 million (US$14.5 million) in the fiscal year 2017 from RMB177.3 million in the previous year.
  • Non-GAAP adjusted EBITDA, which excluded share-based compensation expenses, depreciation and amortization and income tax expenses from net loss, for the fiscal year 2017 was a loss of RMB60.2 million (US$9.3 million), representing a decrease of 65.1% from a loss of RMB172.7 million in the previous year.

The short ratio in the company’s stock is documented at 5.29 and the short float is around of 13.11%. The Company kept a record of 19.24 million floated shares and 21.75 million shares outstanding. The average true range of the stock is observed at 0.43 and the relative strength index of the stock is recorded at 48.09.

Consensus Recommendation:

Analyst notified mean rating at 2.70 after consensus analysis. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Keep in mind that Investors should not rely only on an analyst’s recommendation when taking a decision whether to buy, hold, or sell a stock. Instead, they should also do their own research—such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC—to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances.

Analyst established EPS growth expected to grow of 7.20% for this year and EPS growth for next year is likely to attain at -14.30%.

Looking about the past performance history, the company jumped -6.73% for the last five trades and exhausted -10.12% in one month period. The stock augmented 38.60% during the past three month.

 I am Wayne Parsons and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

Email: wayne.parsons@nasdaqexpress.com

Wayne Parsons

 I am Wayne Parsons and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.Email: wayne.parsons@nasdaqexpress.com