It has been a fairly up and down period for the ADM Endeavors Inc (OTCMKTS:ADMQ) stock over the course of the past few days. Yesterday, the stock suffered from a selloff and went down by as much as 5% as a consequence.
Trading Data
On Tuesday, ADMQ stock moved down 4.86% to $0.0685 with more than 5K shares, compared to its average volume of 47.86K shares. The stock moved within a range of $0.0685 – 0.0702 after opening trade at $0.0702.
ADM Endeavors Announces Fiscal Year 2021 Results
While it is true that the stock declined yesterday, it is also necessary to remember at the same time that over the course of the past week, the ADM Endeavors stock is still up by as much as 11%. As it happens, the stock declined yesterday in response to the announcement of the financial results for the fiscal year that had ended on December 31, 2021.
In this situation, it may be a good idea for investors to consider taking a look at some of the highlights from the financial results. ADM Endeavors managed to bring in revenues to the tune of as much as $6.5 million for the period that ended on December 31, 2021. That actually reflected a year on year rise of 30% from the revenues of $5 million that had been generated in the prior year period.
On the other hand, the company managed to eke out net income of $737,000 and that was again a turnaround from last year, when it suffered a loss of $23,000.
Key Quote
Marc Johnson, Chief Executive Officer of ADM Endeavors, stated, “I want to emphasize our view of the Company’s importance to the communities where we have a presence and of our ongoing focus on keeping our employees safe while supporting customers during the pandemic. Part of our business is to supply schools and while every part of our operations is important, the entire team at ADM takes great pride ensuring students got what they need when they needed it from us during a very challenging year in schools. Throughout 2021, we expanded our business model while operating in the challenges posed by the COVID-19 pandemic and knowing we played a role in supplying schools is an honor and obligation we take very seriously.”
Technical Data
ADMQ stock is trading below the 20-Day and 50-Day Moving averages of $0.0699 and $0.0720 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0763.
