Fitness Champs Holdings Ltd’s Quiet Period To Expire on October 14th (NASDAQ:FCHL)

Fitness Champs’ (NASDAQ:FCHL) quiet period is set to expire on Tuesday, October 14th. Fitness Champs had issued 3,750,000 shares in its public offering on September 4th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. During Fitness Champs’ quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Fitness Champs from a “hold” rating to a “sell” rating in a research note on Saturday.

Fitness Champs Price Performance

NASDAQ:FCHL opened at $0.61 on Tuesday. Fitness Champs has a 52-week low of $0.56 and a 52-week high of $7.64.

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.