Classover (NASDAQ:KIDZ) Shares to Reverse Split on Monday, June 8th

Classover Holdings, Inc. (NASDAQ:KIDZ) shares are going to reverse split on the morning of Monday, June 8th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, June 7th.

Classover Stock Down 23.6%

Classover stock traded down $0.08 during midday trading on Thursday, hitting $0.27. 3,804,783 shares of the stock were exchanged, compared to its average volume of 4,810,392. Classover has a 52-week low of $0.24 and a 52-week high of $232.78. The stock has a market capitalization of $2.15 million, a price-to-earnings ratio of -0.04 and a beta of -0.84. The business’s 50-day moving average price is $1.36 and its 200-day moving average price is $6.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.40.

Classover (NASDAQ:KIDZ) last released its quarterly earnings results on Friday, May 15th. The company reported ($365,637.00) earnings per share for the quarter. The firm had revenue of $0.52 million for the quarter. Classover had a negative return on equity of 281.13% and a negative net margin of 356.34%.

Analyst Ratings Changes

A number of research firms have commented on KIDZ. Weiss Ratings cut shares of Classover from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of Classover from a “hold” rating to a “strong sell” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Classover

An institutional investor recently bought a new position in Classover stock. Sandia Investment Management LP purchased a new position in Classover Holdings, Inc. (NASDAQ:KIDZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 90,000 shares of the company’s stock, valued at approximately $265,000. Sandia Investment Management LP owned about 0.38% of Classover as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 74.70% of the company’s stock.

Classover Company Profile

Classover is an online enrichment program in Manhattan, New York that offers over 20 courses taught by certified instructors. It caters to children aged 4 to 17, providing personalized attention and a supportive learning environment. Classover is recognized worldwide by over 20,000 parents and children in more than 34 countries. Classover’s proprietary course platform app provides exclusive benefits to students, including access to class schedules, remaining class credits, and class history. As an official test center for the Math Kangaroo Competition and other high-value competition channels, Classover is certified to provide high-quality teaching services to help students improve their academic performance.