Fang Holdings Limited (NYSE:SFUN) spotted trading -85.41% off 52-week high price. On the other end, the stock has been noted 41.98% away from the low price over the last 52-weeks. The stock changed 2.68% to recent value of $1.15. The stock transacted 32903 shares during most recent day however it has an average volume of 94.48K shares. The company has 93.93M of outstanding shares and 51.57M shares were floated in the market.

On April 24, 2020, Fang Holdings Limited (NYSE:SFUN) a leading real estate Internet portal in China,  notified its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.

Fourth Quarter 2019 Highlights

  • Total revenues were $49.3 million, a decrease of 26.7% from $67.3 million in the corresponding period of 2018.
  • Operating loss from continuing operations was $21.0 million, compared to an operating income from continuing operations of $21.1 million in the corresponding period of 2018.
  • Net loss was $26.2 million, compared to a net loss of $29.4 million in the corresponding period of 2018.
  • Fiscal Year 2019 Highlights
  • Total revenues were $219.7 million, a decrease of 8.5% from $240.0 million in 2018.
  • Operating income from continuing operations was $24.1 million, an increase of 145.7% from $9.8 million in 2018.
  • Net loss was $7.7 million, compared to a net loss of $114.9 million in 2018.

In 2019, we had challenges but also achievements, commented Mr. Jian Liu, CEO of Fang. For the year of 2020, challenges and opportunities co-exist because of the potential effects of COVID-19. I believe our new initiatives, including online live broadcastings, online exhibitions and VR live, will be strong drivers of our business.

Fourth Quarter 2019 Financial Results

Revenues

Fang reported total revenues of $49.3 million in the fourth quarter of 2019, a decrease of 26.7% from $67.3 million in the corresponding period of 2018.

  • Revenue from marketing services was $18.9 million in the fourth quarter of 2019, a decrease of 35.0% from $29.1 million in the corresponding period of 2018, mainly due to the decrease in aggregate market demand.
  • Revenue from listing services was $12.7 million in the fourth quarter of 2019, a decrease of 25.3% from $16.9 million in the corresponding period of 2018, mainly due to the decrease in the number of paying customers.
  • Revenue from leads generation services was $14.4 million in the fourth quarter of 2019, an increase of 16.2% from $12.4 million in the corresponding period of 2018.
  • Revenue from financial services was $1.4 million in the fourth quarter of 2019, a decrease of 69.2% from $4.6 million in the corresponding period of 2018, mainly due to the decrease in average loan receivable balance.

Its earnings per share (EPS) expected to touch remained -646.30% for this year. SFUN has a gross margin of 86.20% and an operating margin of 22.10% while its profit margin remained -10.90% for the last 12 months.

According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.74% from the mean of 20 days, -34.28% from mean of 50 days SMA and performed -45.64% from mean of 200 days price. Company’s performance for the week was -1.71%, -24.84% for month and YTD performance remained -59.79%.