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

Fitness Champs’ (NASDAQ:FCHL) lock-up period will expire 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. 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 Upgrades and Downgrades

Separately, Weiss Ratings restated 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, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Fitness Champs Stock Performance

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

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

Institutional Investors Weigh In On Fitness Champs

A hedge fund recently bought a new stake in Fitness Champs stock. Scientech Research LLC bought a new position in shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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.